Employment
90,728
Total employees (Census CBP)
Finance and Insurance ·NAICS 522120
NAICS 522120 · IRS SOI 2023 · Census CBP
Savings Institutions - Industry Benchmarks
$96,380/yr average annual pay across 6K establishments in NAICS 522120.
- 20.1%
- Finance and Insurance sector margin
- 91K
- Workers employed
- $96,380/yr
- Avg payroll / employee
Data updated July 2026
The verdict · NAICS 522120
Massachusetts leads Savings Institutions activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Finance and Insurance sector runs a 20.1% net margin.
- 20.1%
- Finance and Insurance sector margin (IRS SOI)
- 91K
- Workers employed (Census CBP)
- $96,380/yr
- Avg payroll / employee
Benchmarking Insights for Savings Institutions
Savings Institutions sits inside Finance and Insurance, a sector that runs a 20.1% net margin overall.
6,171 establishments employ 90,728 workers (14.7/location) at $96,380/yr average annual pay. Massachusetts leads employment, followed by New York and New Jersey.
No recorded SBA 7(a)/504 lending for Savings Institutions in the FY2020-26 dataset.
Avg Payroll / Employee
$96,380/yr
Annual compensation
Establishments
6,171
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 9,041; establishment count decreased by 715. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $8.7B
- Avg Employees per Establishment
- 14.7
Top States by Employment
| State | Employment |
|---|---|
| Massachusetts | 13,947 |
| New York | 7,954 |
| New Jersey | 4,880 |
| Connecticut | 4,501 |
| Maine | 3,412 |
| Illinois | 2,277 |
| Indiana | 1,481 |
| Washington | 1,287 |
| Colorado | 1,188 |
| Minnesota | 1,121 |
Showing top 10 of 51 states
Frequently Asked Questions
How profitable is Savings Institutions?
IRS SOI doesn't publish margin data at the NAICS 522120 level. Massachusetts leads this industry nationally. The broader Finance and Insurance sector runs a 20.1% net margin (IRS SOI 2023).
How many businesses are in Savings Institutions?
6,171 business establishments. Together they employ 90,728 workers.
What is the average payroll per employee in Savings Institutions?
$96,380/yr average annual pay per employee. Businesses average 14.7 employees per establishment.
Which states have the most Savings Institutions employment?
Massachusetts leads with 13,947 workers. New York (7,954) and New Jersey (4,880) round out the top three.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 71% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Savings Institutions
- No margin data, check the parent industry. Browse Finance and Insurance
- 6,171 establishments, 90,728 workers. Payroll benchmarks
- No SBA lending on record for Savings Institutions. See the rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 522120 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.