Industry Description
Establishments primarily engaged in managing pension, retirement, health, and welfare funds.
Business Examples
Common types of business activities within US SIC 6371 - Pension, Health, and Welfare Funds are:
- Pension funds
- Union trust funds
- Union welfare, benefit, and health funds
- Welfare pensions
IBISWorld Industry Research Report
Portfolio Management in the US (52392)
Revenue 2022
$390.9bn
Growth 2022
0.60%
Key Trends
Interest rate hikes have dampened revenue growth during the latter half of the period
Fiscal and monetary stimulus in response to the pandemic will likely boost industry revenue
The value of assets in pension plans and other forms of retirement savings are anticipated to increase
Products and Services
US-SIC Hierarchy 6371 - Pension, Health, and Welfare Funds
US-SIC Code 6371 - Pension, Health, and Welfare Funds sits in the 2-digit Pension, Health, and Welfare Funds sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6371 - Pension, Health, and Welfare Funds
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6371 - Pension, Health, and Welfare Funds. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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637101 Individual retirement accounts
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637102 Pension & profit sharing plans
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637103 Employee benefit & compensation plans
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637104 Government-pension health/welfare funds
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637198 Pension health & welfare funds
8 Digit SIC Codes
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63710000 Pension, health, and welfare funds
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63710100 Pensions
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63710101 Pension funds
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63710102 Welfare pensions
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63710200 Union funds
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63710201 Union trust funds
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63710202 Union welfare, benefit, and health funds
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