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Funds, Trusts, and Other Financial Vehicles: NAICS 525

About the Funds, Trusts, and Other Financial Vehicles subsector

The funds, trusts, and other financial vehicles subsector is part of the finance and insurance sector.

Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e., funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other investment income, but have little or no employment and no revenue from the sale of services.

North American Industry Classification System

The funds, trusts, and other financial vehicles subsector consists of these industry groups:

Insurance and Employee Benefit Funds: NAICS 5251
Other Investment Pools and Funds: NAICS 5259

Workforce Statistics

This section provides information relating to employment in funds, trusts, and other financial vehicles. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, data for occupations common to the industry, and projections of occupational employment change.

Employment by Occupation


Data series	Employment, 2023
Accountants and auditors	2,020
Bookkeeping, accounting, and auditing clerks	1,100
Financial analysts

(Source: Occupational Employment and Wage Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for funds, trusts, and other financial vehicles.

(Source: Office of Occupational Statistics and Employment Projections)

Earnings by Occupation


Data series	Wages, 2023
	Hourly		Annual
	Median	Mean	Median	Mean
Accountants and auditors	$41.45	$48.14	$86,220	$100,140
Bookkeeping, accounting, and auditing clerks	$24.71	$25.82	$51,390	$53,710
Financial analysts

(Source: Occupational Employment and Wage Statistics)

Work-related Fatalities, Injuries, and Illnesses

This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in funds, trusts, and other financial vehicles. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.


Data series	2012	2013	2014	2015
Fatalities
Number of fatalities				1
Blank cells indicate no data reported or data that do not meet publication criteria.

(Source: Injuries, Illnesses, and Fatalities)

Workplace Trends

This section presents data on the number of establishments in funds, trusts, and other financial vehicles.

Establishments


Data series	3rd quarter 2023	4th quarter 2023	1st quarter 2024	2nd quarter 2024
Number of establishments
Private industry	9,757	10,006	(p)9,938	(p)10,427
Local government	24	24	(p)26	(p)25
State government	17	10	(p)9	(p)9
Federal government	1	1	(p)1	(p)1
Footnotes (p) Preliminary

(Source: Quarterly Census of Employment and Wages)

Productivity

This section presents productivity and related data for the industry, presented as the percent change from the previous year. Measures of total factor productivity (TFP) compare growth in output to the growth in a combination of inputs that include labor, capital, energy, materials, and services. Measures of labor productivity, or output per hour, compare the growth in output to the growth in hours worked.


Data series	2020	2021	2022	2023
Total factor productivity (TFP)	-0.9	11.2	-11.0	-5.1
Output	0.4	6.4	0.1	8.5
Combined inputs	1.4	-4.3	12.4	14.4
Capital input	-29.9	32.1	21.2	20.0
Labor input	12.9	18.2	23.6	9.9
Labor productivity, output per hour	-10.3	-10.8	-19.0	-1.4

(Source: Productivity)

Data extracted on: December 13, 2024