SIC Code 6371-03 - Employee Benefit & Compensation Plans
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SIC Code 6371-03 Description (6-Digit)
Companies in the Employee Benefit & Compensation Plans industry provide various types of benefits and compensation plans to employees of other companies. These plans can include retirement plans, health insurance, life insurance, disability insurance, and other benefits. The industry is responsible for managing and administering these plans, as well as providing consulting services to companies looking to establish or modify their employee benefit and compensation plans. The industry is highly regulated and requires a deep understanding of tax laws, labor laws, and other regulations.
Hierarchy Navigation for SIC 6-Digit Code 6371-03
Parent Code (less specific)
Tools
- Benefits administration software
- Compensation management software
- Retirement plan management software
- Health insurance quoting software
- Actuarial software
- Compliance tracking software
- Employee communication tools
- Data analytics tools
- HR management software
- Payroll software
Industry Examples of Employee Benefit & Compensation Plans
- Retirement plans
- Health insurance
- Life insurance
- Disability insurance
- Flexible spending accounts
- Employee stock ownership plans
- 401(k) plans
- Pension plans
- Employee assistance programs
- Wellness programs
SIC Code 6371-03 - Employee Benefit & Compensation Plans
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