Trust, Fiduciary, and Custody Activities — Average Employee Salary
The average employee in the trust, fiduciary, and custody activities industry earns $133,177 per year ($64.03/hour), according to Bureau of Labor Statistics QCEW data.
What Do Trust, Fiduciary, and Custody Activities Workers Earn?
At $133,177/year (equivalent to $64.03/hour for a full-time worker), trust, fiduciary, and custody activities wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical trust, fiduciary, and custody activities business employs 7 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average trust, fiduciary, and custody activities business generating $6.7M/year with 7 employees at $133,177 each, total payroll represents roughly 13.9% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a trust, fiduciary, and custody activitiesbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $173,130/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 7 employees = ~$932,239/year in base payroll.
- Hourly equivalent: $64.03/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $6.7M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Trust, Fiduciary, and Custody Activities revenue benchmarks →Frequently Asked Questions
- How much do trust, fiduciary, and custody activities employees make?
- The average trust, fiduciary, and custody activities employee earns $133,177 per year, which is equivalent to $64.03/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the trust, fiduciary, and custody activities industry?
- The trust, fiduciary, and custody activities industry employs 20,990 workers across 3,006 establishments in the United States. The average business in this industry has approximately 7 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).