Analysis
NAICS 551114 is the 2022 national industry for corporate, subsidiary, and regional managing offices, part of 55111 (Management of Companies and Enterprises). Census lists 7 example activities under it in the official index.
County Business Patterns counts 42,331 US establishments in this code in 2023, employing 3,757,975 people at an average annual payroll of $129,154 per employee (93rd percentile of national industries). 32% of the establishments have fewer than five employees, which is close to the national mix.
By establishments it ranks 1st of the 3 codes at this level within Management of Companies and Enterprises, with 85.4% of them.
Between 2018 and 2023 the number of establishments fell 11% and employment rose 10%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
Its index entries, the activities Census uses to assign businesses to this code, include centralized administrative offices, corporate offices, district and regional offices and head offices, among 7 in all.
Census lists 4 related activities that belong elsewhere, most often in 92, 551111, 551112 and 561110. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
Official definition
This U.S. industry comprises establishments (except government establishments) primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise. These establishments normally undertake the strategic or organizational planning and decision-making role of the company or enterprise. Establishments in this industry may hold the securities of the company or enterprise.
Illustrative Examples:
Centralized administrative offices Head offices Corporate offices Holding companies that manage District and regional offices Subsidiary management offices
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Government establishments primarily engaged in administering, overseeing, and managing governmental programs | 92 Public Administration |
| Legal entities known as bank holding companies that do not administer, oversee, and manage other establishments of the companies or enterprises whose securities they hold | 551111 Offices of Bank Holding Companies |
| Legal entities known as holding companies (except bank holding) that do not administer, oversee, and manage other establishments of the companies or enterprises whose securities they hold | 551112 Offices of Other Holding Companies |
| Providing a range of day-to-day office administrative services for other companies or enterprises on a contract or fee basis | 561110 Office Administrative Services |
Index entries (7)
- Centralized administrative offices
- Corporate offices
- District and regional offices
- Head offices
- Headquarters offices
- Holding companies that manage
- Subsidiary management offices