NAICS 523991: Trust, Fiduciary, and Custody Activities
Trust, Fiduciary, and Custody Activities is NAICS code 523991. A business is small under it with $47 million or less in average annual receipts. No federal contracts are open under this code right now.
- SBA size standard
- $47 million or less in average annual receipts
- Open contracts now
- 0
- Federal spending, FY2025
- $7.8 million
- Share won by small businesses
- 58%
What NAICS 523991 covers
The Census Bureau's NAICS index lists these kinds of work under 523991:
- Administrators of private estates
- Bank trust offices
- Escrow agencies (except real estate)
- Fiduciary agencies (except real estate)
- Personal investments trust administration
- Securities custodians
- Trust administration, personal investment
- Trust companies, nondepository
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 523991
To count as a small business for a contract assigned NAICS 523991, your business must have $47 million or less in average annual receipts. Receipts are averaged over your last five completed fiscal years.
From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.
Who buys trust, fiduciary, and custody activities
Agencies that awarded the most under NAICS 523991 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Pension Benefit Guaranty Corporation | $15.8 million |
| Departmental Offices | $10 million |
| Bureau of Indian Affairs and Bureau of Indian Education | $2.5 million |
| U.S. International Development Finance Corporation | $150,000 |
| Department of Veterans Affairs | $100,205 |
| Department of State | $10,645 |
| Federal Acquisition Service | $0 |
| Small Business Administration | $0 |
Federal spending under 523991 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $12 million |
| FY2025 | $7.8 million |
| FY2026 | $8.7 million |
| FY2027 (so far) | $0 |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
- 523910 Miscellaneous Intermediation
- 523940 Portfolio Management and Investment Advice
- 523999 Miscellaneous Financial Investment Activities
Frequently asked questions
What is NAICS code 523991?
523991 is the 2022 NAICS code for Trust, Fiduciary, and Custody Activities. The Census Bureau's index lists work such as administrators of private estates, bank trust offices, escrow agencies (except real estate) under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 523991?
$47 million or less in average annual receipts. A business at or under that is small for contracts assigned this code. The current SBA table took effect Mar 17, 2023.
Are there government contracts for trust, fiduciary, and custody activities?
None are open on SAM.gov right now, but new notices post daily. You can set up a free alert for this code.
How do I add NAICS code 523991 to my SAM.gov registration?
Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.
Keep going
- Search other NAICS codes by keyword or company
- How to choose NAICS codes for government contracts
- NAICS codes with the most open federal contracts
FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.