Powered by LevrNAICS 525120: Health and welfare funds
NAICS 525120 is the industry code for health and welfare funds. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 525120 covers
Health and welfare funds are legal entities that provide medical, disability and other welfare benefits to members.
Included in this code
- Union health and welfare funds
- Employer welfare benefit trusts
- VEBAs
Not this code
- Health insurers: see 524114 Direct health and medical insurance carriers
- Third party administrators: see 524292 Pharmacy benefit management and other third party administration of insurance and pension funds
Businesses that use 525120
Financing for this trade
Health and welfare funds pay benefits from employer and member contributions and do not seek business loans. Administrators and service providers to the fund have their own financing needs.
Apply for funding with AIIs 525120 the right code for a health and welfare fund?
Yes, if the entity is the health and welfare fund itself. TPAs administering the fund use 524292. If your work overlaps, also read the definitions for 525110 (pension funds) and 524292 (pharmacy benefit management and other third party administration of insurance and pension funds), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 525120?
The SBA size standard for 525120 is $40M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A health and welfare fund at or below that figure counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.
Do health and welfare funds borrow money?
These funds pay benefits from employer and member contributions and investment income, not from business loans. Their administrators and service providers have their own financing needs. Most lenders want two years of tax returns, year to date financial statements and a current debt schedule, and they size payments so cash flow covers debt service comfortably.
What does NAICS 525120 cover?
Health and welfare funds. Industry level code in NAICS 2022, under 52 Finance and insurance, 525 Funds, trusts, and other financial vehicles, 5251 Insurance and employee benefit funds, 52512 Health and welfare funds.
What financing do NAICS 525120 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 525120?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.