Use this page to review federal contract obligations for NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) for last 5 years. The analysis is based on FPDS award-action data.
NAICS Industry
NAICS 524292 Federal Contract Obligations (Last 5 Years)
This page summarizes federal contract obligations for NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) for last 5 years, including award volume and market trend context.
All figures on this page are based on FPDS award-action obligation data for completed calendar years only within the last 5 years analysis window.
NAICS Code
524292
Industry
THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS
Total Obligated
3.26 billion
3,264,478,330.86
Award Actions
2,148
Average Action Value
1,519,775.75
About NAICS 524292 federal contract activity
This page summarizes last 5 years of federal contract activity associated with NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS). Based on the current FPDS Query dataset, this industry shows 3.26 billion in visible obligations across 2,148 award actions, with an average action value of 1,519,775.75. This view is designed to help users quickly understand scale, buyer concentration, contractor concentration, and overall market direction before moving into deeper procurement analysis.
Agency demand and leading federal buyers
Demand for NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) appears concentrated among a relatively small group of federal buyers over the last 5 years. The visible agency ranking is led by VETERANS AFFAIRS, DEPARTMENT OF, with 2.18 billion in obligations, followed by DEFENSE HEALTH AGENCY (DHA). This kind of concentration is useful context for business development, bid targeting, and understanding where the strongest federal demand appears to sit.
Vendor concentration and leading contractors
The vendor distribution helps show which contractors capture the largest visible share of obligations in NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) over the last 5 years. The current ranking is led by TRIWEST HEALTHCARE ALLIANCE CORP., with 1.15 billion in obligations, followed by OPTUMRX ADMINISTRATIVE SERVICES, LLC. This gives users a practical view of the competitive landscape and the visible concentration at the top of the market.
Annual contract trend over the analysis window
The annual trend table provides a year-based view of how visible obligations and award actions have evolved for NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) across the last 5 years, from 2021 through 2025. This is useful for spotting periods of expansion, relative stability, or softening activity in this federal industry segment.
How to interpret this page
The tables and trend blocks on this page are generated from FPDS-derived procurement records prepared offline for fast public delivery. They are intended to give a practical summary of industry-scale obligations, top buying agencies, leading vendors, and visible year-over-year movement within last 5 years. Users who need deeper filtering, custom SQL, or cross-market comparison can continue the analysis directly inside FPDS Query.
Top Agencies
SELECT
agency_id,
agency_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__purchaserInformation__contractingOfficeAgencyID AS agency_id,
anyHeavy(content__award__purchaserInformation__contractingOfficeAgencyID__name) AS agency_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '524292'
AND content__award__purchaserInformation__contractingOfficeAgencyID IS NOT NULL
AND content__award__purchaserInformation__contractingOfficeAgencyID != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY agency_id
)
ORDER BY total_obligated DESC
LIMIT 10| Agency ID | Agency Name | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 3600 | VETERANS AFFAIRS, DEPARTMENT OF | 2,179,075,600.31 | 2.18 billion | 610 |
| 97DH | DEFENSE HEALTH AGENCY (DHA) | 312,073,803.23 | 312.07 million | 141 |
| 7526 | HEALTH RESOURCES AND SERVICES ADMINISTRATION | 223,264,046.52 | 223.26 million | 49 |
| 7022 | FEDERAL EMERGENCY MANAGEMENT AGENCY | 178,142,096.99 | 178.14 million | 86 |
| 1665 | PENSION BENEFIT GUARANTY CORPORATION | 148,491,529.72 | 148.49 million | 198 |
| 7523 | CENTERS FOR DISEASE CONTROL AND PREVENTION | 38,441,681.93 | 38.44 million | 22 |
| 2400 | OFFICE OF PERSONNEL MANAGEMENT | 31,464,293.66 | 31.46 million | 35 |
| 1700 | DEPT OF THE NAVY | 25,484,149.99 | 25.48 million | 17 |
| 1145 | PEACE CORPS | 19,107,691.11 | 19.11 million | 27 |
| 2100 | DEPT OF THE ARMY | 15,218,085.17 | 15.22 million | 62 |
Insight
NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) appears to be concentrated among a relatively small group of major buying agencies over the last 5 years. The visible ranking is led by VETERANS AFFAIRS, DEPARTMENT OF, followed by DEFENSE HEALTH AGENCY (DHA), which suggests that agency demand in this industry is not evenly distributed.
Top Vendors
SELECT
vendor_name,
cage_code,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__vendor__vendorHeader__vendorName AS vendor_name,
anyHeavy(content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode) AS cage_code,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '524292'
AND content__award__vendor__vendorHeader__vendorName IS NOT NULL
AND content__award__vendor__vendorHeader__vendorName != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY vendor_name
)
ORDER BY total_obligated DESC
LIMIT 10| Vendor | CAGE Code | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| TRIWEST HEALTHCARE ALLIANCE CORP. | 07TQ3 | 1,154,229,984.53 | 1.15 billion | 73 |
| OPTUMRX ADMINISTRATIVE SERVICES, LLC | 6YEK4 | 424,607,611.37 | 424.61 million | 17 |
| SIGNATURE CHOICE LLC | 84TE2 | 374,257,904.48 | 374.26 million | 28 |
| WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION | 2R921 | 253,050,887.99 | 253.05 million | 117 |
| SIGNATURE CHOICE II, LLC | 93RY7 | 202,450,536.60 | 202.45 million | 14 |
| SERCO INC. | 022Q2 | 138,624,041.43 | 138.62 million | 45 |
| OPTUMSERVE TECHNOLOGY SERVICES, INC. | 1TPV6 | 131,378,303.29 | 131.38 million | 28 |
| TORRENT TECHNOLOGIES, INC. | 71LW1 | 102,051,581.92 | 102.05 million | 29 |
| UNITED HEALTHCARE SERVICES, INC. | 3CRH1 | 88,267,466.83 | 88.27 million | 16 |
| HEALTHEQUITY, INC. | 8L0Q7 | 78,047,051.12 | 78.05 million | 718 |
Insight
Within NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS), visible obligations over the last 5 years appear concentrated among a relatively small set of leading vendors. TRIWEST HEALTHCARE ALLIANCE CORP. ranks first, followed by OPTUMRX ADMINISTRATIVE SERVICES, LLC, which helps define the current competitive landscape in this industry slice.
Annual Trend
SELECT
year,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '524292'
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 5 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY year
)
ORDER BY year DESC| Year | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| 2025 | 677,418,599.03 | 677.42 million | 410 |
| 2024 | 902,255,999.39 | 902.26 million | 430 |
| 2023 | 624,575,462.70 | 624.58 million | 460 |
| 2022 | 612,974,031.20 | 612.97 million | 460 |
| 2021 | 447,254,238.54 | 447.25 million | 388 |
Insight
The annual trend shows how obligations in NAICS 524292 (THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS) moved across the last 5 years, from 2021 through 2025. This helps users judge whether visible contract activity in this industry appears stable, rising, or easing over time.
Use FPDS Query for deeper industry analysis
Explore federal procurement data with custom SQL, fast filtering, and deeper industry analysis across agencies, vendors, and annual trends.
Continue from this last 5 years view into full FPDS Query workflows with deeper filtering, custom SQL, saved queries, and broader market comparison.