NAICS UNIVERSITY · Free research for insurance agents
Health and Welfare Funds
NAICS 525120 · United States · 2022 edition
This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide medical, surgical, hospital, vacation, training, and other health- and welfare-related employee benefits exclusively for the sponsor's employees or members.
Activities described by this code
Other activities to examine
- Managing portfolios of health and welfare funds: 523940 — Portfolio Management and Investment Advice;
- Providing pharmacy benefit management services and other third party claims administration of health and welfare plans: 524292 — Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Health and welfare funds are legally organized entities — typically trusts or jointly-trusteed funds — that collect contributions from plan sponsors and/or members and administer benefit programs including medical, hospital, dental, vision, disability, and related welfare benefits for a defined group of employees or union members. Day-to-day operations involve contribution collection, eligibility determinations, claims adjudication or oversight, vendor management, and fiduciary governance by a board of trustees.
Questions to investigate
- Is the fund jointly trusteed (labor-management) or employer-administered, and how many trustees are currently serving?
- Approximately how many plan participants are covered, and what benefit types are administered?
- Is the fund self-insured, fully insured, or partially self-funded, and is stop-loss coverage in place?
- Has the fund been subject to any DOL audits, ERISA claims, or fiduciary complaints in recent years?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.