Employment
36,031
Total employees (Census CBP)
Finance and Insurance ·NAICS 523991
NAICS 523991 · IRS SOI (C corp) · Census CBP 2023
Trust, Fiduciary, and Custody Activities - Industry Benchmarks
$113,669/yr average annual pay, with 20 SBA loans on record for NAICS 523991.
- 15.4%
- Finance and Insurance sector margin
- 36K
- Workers employed
- $113,669/yr
- Avg payroll / employee
- $13M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 523991
New York leads Trust, Fiduciary, and Custody Activities 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)
- 36K
- Workers employed (Census CBP)
- $113,669/yr
- Avg payroll / employee
- $13M
- SBA lending, FY20–26
Use Trust, Fiduciary, and Custody Activities's NAICS benchmark as a comparison point, not a forecast for one business.
Trust, Fiduciary, and Custody Activities 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 Trust, Fiduciary, and Custody Activities
Trust, Fiduciary, and Custody Activities sits inside Finance and Insurance, a sector that runs a 15.4% net margin overall.
3,285 establishments employ 36,031 workers (11.0/location) at $113,669/yr average annual pay. New York leads employment, followed by Texas and Florida.
Trust, Fiduciary, and Custody Activities sits in the 47th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$113,669/yr
Annual compensation
Establishments
3,285
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 2,288; establishment count increased by 480. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $4.1B
- Avg Employees per Establishment
- 11.0
Top States by Employment
| State | Employment |
|---|---|
| New York | 3,083 |
| Texas | 1,898 |
| Florida | 959 |
| Wisconsin | 527 |
| Nevada | 465 |
| Indiana | 461 |
| Washington | 441 |
| Tennessee | 406 |
| Arizona | 353 |
| Ohio | 317 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
20
Total Loan Volume
$13M
Avg Loan Size
$639K
Jobs Supported
101
Program Breakdown
7(a) 16 (80%)
504 4 (20%)
Top SBA Lender
Wells Fargo Bank National Association
2 loans in this industry
New Business Share
20.0% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 4
2021 1
2022 4
2023 3
2024 2
2025 4
2026 2
Frequently Asked Questions
How profitable is Trust, Fiduciary, and Custody Activities?
IRS SOI doesn't publish margin data at the NAICS 523991 level. New York 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 Trust, Fiduciary, and Custody Activities?
3,285 business establishments. Together they employ 36,031 workers.
What is the average payroll per employee in Trust, Fiduciary, and Custody Activities?
$113,669/yr average annual pay per employee. Businesses average 11.0 employees per establishment.
Which states have the most Trust, Fiduciary, and Custody Activities employment?
New York leads with 3,083 workers. Texas (1,898) and Florida (959) round out the top three.
How much SBA lending does Trust, Fiduciary, and Custody Activities receive?
Trust, Fiduciary, and Custody Activities businesses received 20 SBA loans totaling $13 million between FY2020 and FY2026. The average loan size was $639K. These loans supported 101 jobs at origination. Most lending (80%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Trust, Fiduciary, and Custody Activities, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Trust, Fiduciary, and Custody Activities ranks #427 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (36,031 here).
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 523991 · 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
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.