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,
2013

Accountants and auditors

(1) -

Bookkeeping, accounting, and auditing clerks

470

Claims adjusters, examiners, and investigators

630

Financial analysts

(1) -

First-line supervisors/managers of office and administrative support workers

630

Footnotes
(1) Estimate not released.

(Source: Occupational Employment 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, 2013
Hourly Annual
Median Mean Median Mean

Accountants and auditors

$33.94 $38.08 $70,600 $79,200

Bookkeeping, accounting, and auditing clerks

$19.39 $19.51 $40,320 $40,570

Claims adjusters, examiners, and investigators

$27.31 $29.17 $56,790 $60,670

Financial analysts

$34.86 $43.34 $72,500 $90,150

First-line supervisors/managers of office and administrative support workers

$30.36 $32.44 $63,140 $67,470

(Source: Occupational Employment 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 2010 2011 2012 2013

Fatalities

 

Number of fatalities

       

Rate of injury and illness cases per 100 full-time workers

 

Total recordable cases

1.2 0.6 0.8 1.0

Cases involving days away from work, job restriction, or transfer

0.4 0.2 0.4 0.5

Cases involving days away from work

0.3 0.1 0.3 0.1

Cases involving days of job transfer or restriction

  0.1   0.4

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 Back
data
3rd quarter
2013
4th quarter
2013
1st quarter
2014
2nd quarter
2014

Number of establishments

 

Private industry

Jump to page with historical data
2,630 2,888 (P) 3,022 (P) 3,107

Local government

Jump to page with historical data
11 11 (P) 11 (P) 11

State government

Jump to page with historical data
2 2 (P) 3 (P) 3

Federal government

Jump to page with historical data
       

Footnotes
(P) Preliminary

(Source: Quarterly Census of Employment and Wages)

Other BLS Resources

Career Guide to Industries

To learn about careers from an industry perspective, see the Career Guide to Industries.

 

Data extracted on: December 18, 2014