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NAICS Code 525110-05 - Pension Health & Welfare Funds
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Looking for more companies? See NAICS 525110 - Pension Funds - 1,034 companies, 10,198 emails.
NAICS Code 525110-05 Description (8-Digit)
Pension Health & Welfare Funds is a subdivision of the NAICS Code 525110 that involves the management of funds that provide retirement, health, and welfare benefits to employees. These funds are typically established by employers or labor unions to provide benefits to their employees or members. Pension Health & Welfare Funds are responsible for investing the funds and ensuring that there are sufficient funds available to pay out benefits to eligible participants.
Parent Code - Official US Census
Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 525110 page
Tools
Tools commonly used in the Pension Health & Welfare Funds industry for day-to-day tasks and operations.
- Actuarial software
- Investment management software
- Risk management software
- Financial modeling software
- Portfolio management software
- Compliance management software
- Data analytics software
- Customer relationship management software
- Accounting software
- Tax preparation software
Industry Examples of Pension Health & Welfare Funds
Common products and services typical of NAICS Code 525110-05, illustrating the main business activities and contributions to the market.
- Health insurance benefits
- Retirement benefits
- Disability benefits
- Life insurance benefits
- Dental insurance benefits
- Vision insurance benefits
- Prescription drug benefits
- Mental health benefits
- Wellness program benefits
- Flexible spending account benefits
History
A concise historical narrative of NAICS Code 525110-05 covering global milestones and recent developments within the United States.
- The Pension Health & Welfare Funds industry has a long history dating back to the early 20th century when labor unions began to negotiate health and welfare benefits for their members. In the 1940s, the Taft-Hartley Act was passed, which allowed employers to contribute to multi-employer health and welfare funds. This led to the creation of many pension health and welfare funds across the United States. In recent years, the industry has faced challenges due to rising healthcare costs and an aging population. However, the industry has adapted by offering new products and services such as wellness programs and telemedicine to meet the changing needs of its customers.