NAICS Code 524292

NAICS 524292

NAICS Code 524292 – Third Party Administration of Insurance and Pension Funds

Definition of NAICS Code 524292: This U.S. industry comprises establishments primarily engaged in providing third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee-benefit plans, and self-insurance funds.

  • You can also download your own copy of the complete 2017 NAICS Classification Manual. The NAICS Manual is updated every five years. The 2017 copy will be applicable until a new edition is produced in 2022.

Cross Reference Guide for Code 524292

What codes are similar to this classification that might be a more applicable code? The cross-reference guide below displays the codes for other similar industries. Please review to find the most applicable classification.

  • Managing the portfolio assets (i.e., funds) of others–are classified in Industry NAICS 523920, Portfolio Management; and
  • Providing actuarial consulting services–are classified in U.S. Industry NAICS 541612, Human Resources Consulting Services.

Other Index Entries for NAICS 524292

The North American Industry Classification System contains multiple index entries that are each descriptive of the same code. The bulleted list below shows all applicable index entries (Current and former) that are associated with this classification. These index entries further elaborate on the scope of applicable industries that have already been defined at the top of this page.

  • Claims processing services, insurance, third-party
  • Employee benefit plans, third-party administrative processing services
  • Insurance claims processing services, third party
  • Insurance fund, third party administrative services (except claims adjusting only)
  • Insurance plan administrative services (except claims adjusting only), third-party
  • Pension fund, third party administrative services

Suggested Insurance Conversion Table for NAICS Code 524292

Looking for an insurance classification other than the North American Industry Classification System? If a company falls within the industry defined on this page, then the class codes mentioned below may be applicable. Please note that the bulleted cross-reference guide below is not authoritative. Users should have an insurance professional review to ensure proper insurance classification.

  • NCCI WC (Varies by state): 8810NAICS 524292
  • CA WC: 8822
  • DE WC: 984
  • PA WC: 984
  • MI WC: 8810
  • NJ WC: 8810
  • NY WC: 8810
  • WY WC: 524292
  • GL: 61226

Resources: Praxiom, AceGroupTDICalifornia Division of Workers Compensation, Delaware Workers Compensation Manual, Pennsylvania Workers Compensation Manual, Michigan Workers’ Compensation Placement Facility: Classification Definitions, New Jersey Workers Compensation and Employers Liability Insurance Manual, New York Workers Compensation and Employers Liability, North American Industry Classification System, Florida Underwriting Guide: Commercial General Liability Classifications,  Standard Industrial Classifications.

The suggested cross reference guide for NAICS code 524292 is based on our research using the resources cited above.

Correlating Code Breakdown for North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code (Where you are now). If the code on this page does not describe the industry of the business in question, then select the largest applicable code below. From there, follow through the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 52: Finance and Insurance
  • Subsector 524: Insurance Carriers and Related Activities
  • Industry Group 5242: Agencies, Brokerages, and Other Insurance Related Activities
  • Industry 52429: Other Insurance Related Activities
  • 6 Digit Code(s) NAICS 524291: Claims Adjusting
  • 6 Digit Code(s) NAICS 524292: Third Party Administration of Insurance and Pension Funds
  • 6 Digit Code(s) NAICS 524298: All Other Insurance Related Activities
Other helpful NAICS Downloads

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NAICS Code 524292