NAICS 522120 · IRS SOI (C corp) · Census CBP 2023

Savings Institutions - Industry Benchmarks

$96,380/yr average annual pay across 6K establishments in NAICS 522120.

15.4%
Finance and Insurance sector margin: 91K
Workers employed: $96,380/yr
Avg payroll / employee

Data updated August 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 15.4% net margin.

15.4%
Finance and Insurance sector margin (IRS SOI): 91K
Workers employed (Census CBP): $96,380/yr
Avg payroll / employee

Use Savings Institutions's NAICS benchmark as a comparison point, not a forecast for one business.

Savings Institutions is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.

Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023

Benchmarking Insights for Savings Institutions

Savings Institutions sits inside Finance and Insurance, a sector that runs a 15.4% 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.

Savings Institutions sits in the 71st percentile for employment among 6-digit NAICS industries with reported data.

No recorded SBA 7(a)/504 lending for Savings Institutions in the FY2020-26 dataset.

Employment

90,728

Total employees (Census CBP)

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.

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Workforce scale

Establishment size, Savings Institutions (Census SUSB)

Financial Detail

Annual Payroll (Total): $8.7B
Avg Employees per Establishment: 14.7

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Massachusetts	13,947	862	$1.4B	$99,117/yr
New York	7,954	675	$794.2M	$99,847/yr
New Jersey	4,880	471	$464.9M	$95,267/yr
Connecticut	4,501	354	$420.9M	$93,521/yr
Maine	3,412	210	$259.9M	$76,164/yr
Illinois	2,277	181	$156.2M	$68,585/yr
Indiana	1,481	153	$86.7M	$58,567/yr
Washington	1,287	97	$117.9M	$91,615/yr
Colorado	1,188	85	N/A	N/A
Minnesota	1,121	97	$92.8M	$82,769/yr

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 15.4% net margin (IRS SOI 2013 C corp).

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.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Savings Institutions, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Savings Institutions ranks #236 of 801 U.S. industries at the 6-digit NAICS level by total employment.

Similar workforce scale

Nearest peer industries by ABS(Census employment) (90,728 here).

Corrugated and Solid Fiber Box Manufacturing 90,546 Remediation Services 91,239 Other Services to Buildings and Dwellings 90,169

Read with this industry: Industry employment trends · Finance and Insurance · 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 · CBP 2023 · IRS SOI

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 Accessed 2026-07-06

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.