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NAICS Code· 523991

NAICS 523991: Trust, Fiduciary, and Custody Activities

This U.S. industry comprises establishments primarily engaged in providing trust, fiduciary, and custody services to others, as instructed, on a fee or contract basis, such as bank trust offices and escrow agencies (except real estate). Cross-References.Show more

NAICS 523991 – Trust, Fiduciary, and Custody Activities encompasses the administration of assets held in trust, fiduciary oversight, and custody services for government entities, public funds, and federally affiliated beneficiaries. This sector includes the management of retirement trusts, employee benefit plans, escrow arrangements, and asset safeguarding under legal and regulatory frameworks such as ERISA and federal fiduciary standards.

5
Active Contracts
$2.7M
Total Obligations (12mo)
5
Awarded Contracts (12mo)
3
Contractors Awarded (12mo)
1
Median Bidders per Award
-60.6%
YoY Growth
Dotted
NAICS 523991 FAQ

Frequently Asked Questions

NAICS code 523991 covers Trust, Fiduciary, and Custody Activities. This U.S. industry comprises establishments primarily engaged in providing trust, fiduciary, and custody services to others, as instructed, on a fee or contract basis, such as bank trust offices and escrow agencies (except real estate). Cross-References.

Recently Posted in Trust, Fiduciary, and Custody Activities

NAICS: 523991
New
SLED
RFP27-008 Custody and Safekeeping of Marketable Debt Securities
Solicitation # 49107
The Kenai Peninsula Borough in Alaska is seeking proposals from qualified firms for RFP27-008 regarding the custody and safekeeping of marketable debt securities. The selected provider will be responsible for a comprehensive suite of custodial services, including securities safekeeping, settlement, delivery, and securities valuation, among other related financial services. This solicitation was posted on October 9, 2026, and requires a firm price submission. Interested parties must submit their responses by the deadline of October 15, 2026.
Kenai Peninsula Borough

POSTED

4 days ago

DEADLINE

in 1 day
View Details
NAICS: 523991
SLED
VPIC Custodial Services
Solicitation # 76205
The Vermont Pension Investment Commission, acting through the Department of Economic Development, has issued a solicitation for VPIC Custodial Services under solicitation number 76205. Interested vendors must download all necessary bid documents from the official state procurement website. The deadline for submitting responses is November 12, 2026, at 9:30 AM. It is the sole responsibility of the vendor to monitor the procurement portal for any notifications, releases, or amendments, as the state will not provide direct updates. For technical assistance regarding document downloads, inquiries should be directed to Georgia Reis via the provided phone number or email address.
Department of Economic Development

POSTED

8 days ago

DEADLINE

in 30 days
View Details
NAICS: 523991
SLED
EWEB RFP #26-171-PSC Carmen-Smith Mitigation Fund Administrator
Solicitation # 26-171-PSC
The Eugene Water & Electric Board (EWEB) is soliciting proposals for a Carmen-Smith Mitigation Fund Administrator to serve as the trustee and manager of the Fish Enhancement Fund. The primary objective of this role is to identify, select, and distribute funding for aquatic habitat, fish population enhancement, and water quality improvement projects within the McKenzie River Basin. The Administrator is responsible for maintaining strict financial protocols, investing funds in interest-bearing accounts, seeking matching grants, and collaborating with a technical team including representatives from ODEQ and ODFW. Key deliverables include annual reports on expenditures, activities, and available balances. The fund begins with an initial balance of approximately 1.3 million dollars, with annual deposits of roughly 215,000 dollars expected for at least seven years. Administrative and project management fees are capped at 20 percent of each annual payment. To qualify, proposers must meet minimum requirements, including five years of experience managing aquatic design or construction funds averaging at least 3 million dollars annually and providing three recent client references. Proposals are due by November 2, 2026, at 2:00 PM PST via the OregonBuys portal. Award selection will be based on a single-tier evaluation process totaling 100 points, weighted equally across company experience, project approach, key staff experience, client references, and pricing proposals. The successful contractor must adhere to professional standards of skill and care, maintain specific commercial general and automobile liability insurance, and perform criminal background checks on all personnel. EWEB retains final approval authority over all deliverables and may issue a Notice to Cure for any unacceptable work.
Purchasing Public Utility

POSTED

11 days ago

DEADLINE

in 20 days
View Details
NAICS: 523991
Closed
SLED
RFP 161155 Trustee Services
Solicitation # 161155
The Virginia Department of Transportation is soliciting proposals for Trustee, Paying Agent, and Registrar services to support the I-66 Inside the Beltway/Virginia Passenger Facility revenue bonds. This effort involves managing an aggregate principal amount not to exceed 1 billion dollars, plus additional funds for issuance costs and reserves. The selected contractor will be responsible for the proper handling and investment of proceeds, ensuring timely principal and interest payments, and providing monthly reporting on cash and investment balances. A key requirement is the provision of an online inquiry system for VDOT to electronically access trustee accounts. The contract period extends from the date of award through the life of the construction contract, which is anticipated to last over 39 years. Proposals are due by 1:00 PM EST on September 18, 2026, and must be submitted via the eVA portal. The award will be made through competitive negotiation based on an evaluation of the offeror's understanding of the scope, experience and qualifications, client references, and price. This solicitation is set aside for award priority to DSBSD-certified micro or small businesses. Contractors must adhere to strict anti-discrimination mandates and, if employing more than five people, provide annual sexual harassment training. Invoices are to be submitted annually to the VDOT Financial Planning Division, with payments typically processed within 30 days of receipt.
Virginia Department of Transportation

POSTED

about 1 month ago

CLOSED

25 days ago
View Details
NAICS: 523991
Closed
SLED
CAEATFA04-26 - Trustee Services for the California Hub for Energy Efficiency Financing (CHEEF) Programs
Solicitation # 0000040153
The California Alternative Energy and Advanced Transportation Financing Authority is issuing a Request for Proposals, identified as CAEATFA04-26, to select a qualified firm to provide trustee services. The selected contractor will be responsible for managing funds specifically for the California Hub for Energy Efficiency Financing programs. This solicitation, numbered 0000040153, aims to secure professional management for these energy efficiency financing initiatives under the authority of the State of California. Interested firms must submit their proposals by the closing deadline of September 8, 2026, at 3:00 PM. The performance of these services is centered in West Sacramento. Prospective bidders are encouraged to review the full requirements and may need to register through the State of California's official website to participate in the bidding process. All inquiries regarding the specific language or content of the proposal should be directed to the designated contact person at the California State Treasurer's Office.
State of California

POSTED

about 2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523991
Closed
SLED
Trust Administration & Fiduciary Oversight ServicesThe City of Austin is seeking a subcontractor to provide Trust Administration and Fiduciary Oversight Services for the OPEB trust fund. The primary scope of work involves the core management of the fund, specifically focusing on asset allocation, investment monitoring, and ensuring strict fiduciary compliance. The selected provider will also be responsible for delivering regular reporting to the City of Austin to maintain transparency and oversight of the trust's performance. This opportunity is categorized under NAICS code 523991 and was posted on August 13, 2026. Interested parties must submit their responses by the deadline of September 3, 2026. The contract is designed to ensure the professional administration of trust assets and the fulfillment of legal and financial obligations associated with the OPEB fund.
City of Austin

POSTED

2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523991
Closed
SLED
Other Post-Employment Benefits Trust Administration Services
Solicitation # RFP 7400 SMW3040
The City of Austin is soliciting proposals under RFP 7400 SMW3040 for professional trust administration services for its Other Post-Employment Benefits (OPEB) Trust Fund. The selected contractor will be responsible for providing fiduciary, custodial, administrative, investment support, reporting, compliance, and participant services. All activities must be conducted in accordance with federal and Texas laws, Governmental Accounting Standards Board (GASB) requirements, trust documents, and established investment policies. Proposals are due by September 3, 2026, and must be submitted electronically via Austin Finance Online. The contract will be awarded based on a 100-point scoring system, with the City reserving the right to shortlist candidates for further presentations or demonstrations. Pricing is based on a proposed annual percentage rate tied to fund tiers and a schedule of hourly billing rates or retainer fees. Key requirements for offerors include providing resumes for personnel with a proven track record in OPEB services, certifying compliance with non-discrimination and wage theft ordinances, and verifying adherence to Texas Government Code regarding anti-boycott policies. Preference points are available for certified local and small businesses. The contract commences upon execution and continues until all obligations are performed, with the City maintaining the option to extend the term.
City of Austin

POSTED

2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 523991
Closed
SLED
Deferred Compensation & Roth Plan Fiduciary Advisor
Solicitation # 231220
The City of Los Angeles is seeking qualified fiduciary advisors to provide services for its Deferred Compensation and Roth Plan programs, with the solicitation closing on August 14, 2026, at 3:00 AM. Interested vendors must submit their bids through the City’s Vendor Self Service Website, where they may need to register or use public access to view and respond to the opportunity. The contract requires expertise in managing retirement investment options, ensuring compliance with fiduciary standards, and delivering advisory services tailored to city employees. All correspondence and inquiries should be directed to Swan Lam at swan.lam@hacla.org, though general bid-related questions may also be addressed to the listed contracting officer. The place of performance is specified as Los Angeles, CA 90012, and bidders are responsible for ensuring their proposals meet all requirements outlined on the official city platform. Biddingo.com provides this information as a courtesy and disclaims responsibility for the content or accuracy of the third-party site where the official solicitation resides.
City of Los Angeles

POSTED

2 months ago

CLOSED

2 months ago
View Details
NAICS: 523991
Closed
SLED
Pension Trust Custody and Administrative Services
Solicitation # RFP-118016
The City of Fairfax is seeking qualified providers to deliver comprehensive pension trust custody and administrative services under solicitation number RFP-118016, which was posted on July 15, 2026, with responses due by July 23, 2026. The contract encompasses critical functions including custody of pension assets, detailed accounting, performance reporting, and fiduciary administrative support to ensure the secure, transparent, and compliant management of the city’s pension fund. Services must align with industry best practices and regulatory standards to safeguard participant assets and maintain accurate, timely financial records and performance analytics. The solicitation is categorized under NAICS code 523991 and issued by the State and Local Government (SLED) sector, with performance based in the City of Fairfax, Virginia. Interested vendors should direct inquiries to Patricia Innocenti at patricia.innocenti@fairfaxva.gov or 703-385-7875. The procurement process is open to all eligible parties with no specific set-aside provisions, and additional details can be accessed through the provided vendor portal link. Successful proposers will be expected to demonstrate proven experience in institutional asset servicing, strong governance frameworks, and the technological capacity to deliver integrated reporting and fiduciary oversight for public pension plans.
City of Fairfax

POSTED

3 months ago

CLOSED

3 months ago
View Details
NAICS: 523991
Closed
SLED
RFP-10A-202606112 | Fiscal Agent for Individual Planning Funds
Solicitation # 202606112
The Department of Health and Human Services in Maine has issued a solicitation for a Fiscal Agent to manage Individual Planning Funds, identified by the solicitation number RFP-10A-202606112. This opportunity is open to qualified entities capable of providing fiscal oversight, financial management, and administrative support for funds designated for individualized planning purposes. The solicitation was posted on July 13, 2026, with a response deadline of August 27, 2026, and is categorized as a state, local, or education entity procurement under the SLED classification. The contract involves performing duties in alignment with state guidelines, with performance location specified within the state of Maine. Casandra Manson serves as the primary point of contact, reachable via email at casandra.r.manson@maine.gov or by phone at 207-287-8622, and all submissions must be completed through the designated online portal at the provided UI link. No set-aside provisions are specified, and the NAICS code is not provided, indicating that eligible applicants from any relevant background may respond as long as they meet the functional requirements for fiduciary and administrative services.
Department of Health and Human Services

POSTED

3 months ago

CLOSED

about 2 months ago
View Details
NAICS: 523991
Closed
SLED
Texas Strategic Bitcoin Reserve
Solicitation # 908-26-1778WS
The Texas Comptroller of Public Accounts, acting through the Texas Treasury Safekeeping Trust Company, is seeking qualified entities to provide custody and liquidity services for the Texas Strategic Bitcoin Reserve, with proposals due by June 15, 2026, under solicitation number 908-26-1778WS. The contract, set to begin on September 1, 2026, with an initial three-year term and optional one-year renewals through August 31, 2032, requires contractors to deliver secure digital asset management services under stringent cybersecurity protocols, including air-gapped cold storage, multi-party computation for key management, hardware security modules, and 128-bit AES encryption across all data in transit and at rest. Compliance with NIST SP 800-63A, NIST SP 800-88, SOC 2 Type II, TX-RAMP, and FedRAMP standards is mandatory, along with adherence to Texas Government Code requirements for records retention, public information transparency, and data privacy. Contractors must maintain a public transparency website detailing reserve operations and submit a mandatory VetHUB Subcontracting Plan affirming either self-performance or good faith efforts to engage certified veteran-owned businesses, with subcontracting goals of 1.5% for commodity contracts and full documentation of outreach required. Offerors must demonstrate extensive experience in public sector digital asset management, with key personnel available for legislative testimony, and must pass rigorous background checks, including disclosure of any prior state employment within the last two years, felony convictions, or court actions, and must affirm compliance with anti-boycott laws and non-debarment status under penalty of perjury. Proposals must be submitted as searchable PDFs with hyperlinked tables of contents via email only, organized into 19 specified exhibits, and evaluated on a best-value basis, with 40% weight given to respondent qualifications and experience, 40% to the narrative and preliminary work plan, and 20% to proposed fees, with no formal contract value specified as pricing will be determined through competitive response. All performance is tied to Texas, with no FOB or physical delivery terms applicable, and contractors must provide proof of cyber, fraud, and crime insurance within five business days of award, while indemnifying the state against intellectual property claims arising from their services.
Comptroller of Public Accounts

POSTED

3 months ago

CLOSED

3 months ago
View Details
NAICS: 523991
Closed
Federal
Trust, Fiduciary, and Custody ActivitiesThis subcontract opportunity with the Bureau of Indian Affairs under the Department of the Interior focuses on providing trust management, fiduciary oversight, and custody activities for prime contractors. The scope of work includes managing fiduciary activities and asset custody, with a specific requirement for the ability to operate in remote locations to deliver comprehensive trust administration services. The contract is categorized under NAICS code 523991 and emphasizes compliance with the Buy Indian Act, requiring the provider to be a qualified Indian Enterprise (IEE) or Indian Small Business Enterprise (ISBEE). Interested parties must submit their responses by September 30, 2026.
Bureau Of Indian Affairs

POSTED

4 months ago

CLOSED

13 days ago
View Details

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