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NAICS Code· 525110

NAICS 525110: Pension Funds

This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide retirement income benefits exclusively for the sponsor's employees or members. Illustrative Examples: Employee benefit plans Retirement plans Pension funds and plans Cross-References. Establishments primarily engaged in--Show more

NAICS 525110 – Pension Funds covers the administration and management of pension trust funds established to provide retirement benefits to government employees, military personnel, and other public-sector workers. These funds are typically governed by federal, state, or local statutes and are responsible for long-term investment strategy, actuarial compliance, benefit disbursement, and fiduciary oversight.

1
Active Contracts
$427K
Total Obligations (12mo)
2
Awarded Contracts (12mo)
2
Contractors Awarded (12mo)
1
Median Bidders per Award
+140.5%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 525110.

AI Industry Description

NAICS 525110 – Pension Funds covers the administration and management of pension trust funds established to provide retirement benefits to government employees, military personnel, and other public-sector workers. These funds are typically governed by federal, state, or local statutes and are respon...

NAICS 525110 – Pension Funds covers the administration and management of pension trust funds established to provide retirement benefits to government employees, military personnel, and other public-sector workers. These funds are typically governed by federal, state, or local statutes and are responsible for long-term investment strategy, actuarial compliance, benefit disbursement, and fiduciary oversight. While not a traditional service provider category, pension funds play a critical role in the federal financial infrastructure by managing assets on behalf of public-sector retirees, ensuring compliance with ERISA and other regulatory frameworks. In government contracting, this NAICS code is primarily associated with the entities that operate these funds rather than contractors delivering goods or services directly to them, making it a unique and indirect component of the federal procurement ecosystem. No contractor data is available for this NAICS code, as pension funds themselves are generally not contracted-out services but rather institutional entities managed internally by government agencies or public trusts. Consequently, there are no identifiable prime contractors or small businesses actively bidding on contracts under this classification. No agency data is available for this NAICS code, as pension fund operations are typically administered internally by departments such as the Office of Personnel Management, Department of Defense Civilian Retirement Fund, or state-level retirement systems, rather than procured through competitive contracting mechanisms. The market context for NAICS 525110 is characterized by low contractor activity, as pension fund management is largely an internal government function governed by statutory authority rather than outsourced procurement. Opportunities for external contractors are limited and typically arise in ancillary services such as actuarial consulting, investment advisory, or compliance auditing—though these are often classified under other NAICS codes like 523920 or 541219. Contractors should focus on supporting pension fund operations through specialized professional services rather than seeking direct awards under this code.

Top Contractors

Companies with the highest total award value under NAICS 525110, ranked by dollars won.

Ranked by total awards
CompanyTotal AwardsContracts
WILLIS TOWERS WATSON US LLC$218K1
STOREBRAND LIVSFORSIKRING AS$209K1

Top Agencies

Federal agencies directing the most contract spending toward NAICS 525110.

Competition

How many companies historically bid on federal awards in NAICS 525110, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 84 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

71%

Share of reported awards with one bidder

10+ Bidder Awards

0%

Share of reported awards with 10+ bidders

Reported Awards

0

94% of 89 total awards

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
525110This Code
Pension Funds
Usually Single-Bid171%
8494% of 89
52511NAICS Industry
Usually Single-Bid171%
8494% of 89
5251Industry Group
Insurance and Employee Benefit Funds
Usually Single-Bid187%
3,18092% of 3,451
525Subsector
Usually Single-Bid184%
3,65092% of 3,972
52Sector
Finance and Insurance
Usually Single-Bid171%
55,82685% of 65,508

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Pension Funds, by shared sector, subsector, and industry group.

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 525110 FAQ

Frequently Asked Questions

NAICS code 525110 covers Pension Funds. This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide retirement income benefits exclusively for the sponsor's employees or members. Illustrative Examples: Employee benefit plans Retirement plans Pension funds and plans Cross-References. Establishments primarily engaged in--

Recently Posted in Pension Funds

NAICS: 525110
Closed
SLED
Defined Contribution Recordkeeping Provider
Solicitation # 8746
The City of Waterbury, through its Department of Finance, is issuing a request for proposals to select a service provider for administrative recordkeeping services for its four Defined Contribution Retirement Savings Plans, which include a 457(b), a 403(b), and two 401(a) plans. The solicitation, numbered 8746, seeks vendors capable of delivering comprehensive plan services including administrative support, employee recordkeeping, educational resources, and investment and retirement planning advisory services. Proposals must be submitted by the due date of July 29, 2026, with a clarification deadline of July 17, 2026, and the bid was opened for submission on July 9, 2026. No pre-bid meeting is scheduled, and all submissions must be handled offline. The contract falls under multiple bid categories including Consultant, Consulting Services, Financial Services, Human Services, and Management Services, reflecting the broad scope of expertise required. The bid is conducted in U.S. dollars and is currently open with approximately nineteen days remaining until closure. All inquiries and communications should be directed to Kevin McCaffery, the primary point of contact, via email or phone. The award will be made to a single provider solely focused on plan administrative and recordkeeping functions, with no pre-bid information session planned, leaving proposers to rely on the published documentation and direct contact with the agency for clarification.
City of Waterbury

POSTED

about 2 months ago

CLOSED

about 1 month ago
View Details
NAICS: 525110
Closed
SLED
Plan Providers 403(b) and 457(b)
Solicitation # RFP-121245
Suffolk Public Schools in Virginia is seeking qualified Plan Providers to offer services for 403(b) and 457(b) retirement plans for its employees, issuing this request through solicitation RFP-121245. The opportunity is open to vendors capable of delivering comprehensive retirement plan solutions that meet the needs of school district staff, with proposals due by June 11, 2026, at 7:00 PM Eastern Time. The solicitation falls under NAICS code 525110, indicating it relates to insurance and employee benefit funds, and is directed at state and local government entities. All responses must be submitted through the designated portal, and inquiries should be directed to Linda Bates at the provided email or phone number. The plans are intended to support employee financial security through tax-advantaged savings options, and proposers are expected to demonstrate experience in serving educational institutions, compliance with federal regulations, competitive fee structures, and robust participant services including financial education and digital tools. Performance of the contract will be based in Suffolk, Virginia, and providers must be prepared to engage directly with district personnel, offer ongoing administrative support, and ensure seamless integration with existing payroll and human resources systems. There is no set-aside designation specified, meaning all eligible vendors may compete for this contract.
Suffolk Public Schools

POSTED

3 months ago

CLOSED

3 months ago
View Details
NAICS: 525110
Closed
SLED
Itb 20251972 Actuarial Services For Pension Plan
Solicitation # ITB 20251972
The Transit Authority of River City (TARC) is seeking qualified actuarial firms to provide comprehensive actuarial valuation services and prepare formal reports for its closed defined benefit pension plan, which has been inactive to new entrants since September 1, 1991. The primary objective is to ensure accurate assessment of the plan’s financial health, compliance with relevant laws and standards, and support for the Authority’s financial reporting and funding obligations. The contract, anticipated to last five years, will be awarded at the sole discretion of TARC, contingent upon available funding and satisfactory performance by the selected firm. The procurement process involves issuing an Invitation to Bid (ITB), with detailed instructions, scope of work, federal clauses, and submission schedules outlined for prospective bidders. Bidders are required to submit a comprehensive cost proposal using a designated cost form, which includes estimated hourly rates for staff involved in the valuation process and total costs for the five-year term. The contract documentation specifies responsibilities, terms, and conditions, including compensation not to exceed a predetermined amount, service delivery locations, and invoicing procedures. Additionally, the process involves compliance with IRS requirements, such as submitting IRS Form W-9 to certify taxpayer identification information. Overall, the contract aims to secure expert actuarial services to accurately evaluate the pension plan’s financial position, ensure regulatory compliance, and support TARC’s long-term financial planning and reporting needs.
Transit Authority of River City

POSTED

10 months ago

CLOSED

10 months ago
View Details

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