01 / NAICS Market Profile
NAICS 541214 Payroll Services Federal Contracts
North American Industry Classification System code 541214
Federal contract activity classified under Payroll Services across FY 2019–FY 2025. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 541214 federal market?
03 / Spending Trend
NAICS 541214 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2019–FY 2025 profile window.
Latest closed fiscal year$25.15M
FY 2025| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2019 | $20.66M | 85 | 20 | 15 | — |
| FY 2020 | $18.14M | 88 | 21 | 18 | −12.2% |
| FY 2021 | $19.15M | 59 | 20 | 14 | +5.6% |
| FY 2022 | $21.83M | 72 | 22 | 15 | +14.0% |
| FY 2023 | $14.71M | 60 | 22 | 15 | −32.6% |
| FY 2024 | $15.47M | 85 | 20 | 12 | +5.1% |
| FY 2025 | $25.15M | 70 | 22 | 13 | +62.6% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2019–FY 2025.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $73.03M | 32 | 1 | 54.1% |
| OFFICE OF THE ASSISTANT SECRETARY FOR ADMINISTRATION (ASA) | 7570 | $33.53M | 35 | 2 | 24.8% |
| STATE, DEPARTMENT OF | 1900 | $8.65M | 96 | 7 | 6.4% |
| AGENCY FOR INTERNATIONAL DEVELOPMENT | 7200 | $7.00M | 17 | 2 | 5.2% |
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | $4.35M | 104 | 5 | 3.2% |
| ENERGY, DEPARTMENT OF | 8900 | $2.54M | 5 | 1 | 1.9% |
| UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | 9568 | $1.41M | 20 | 2 | 1.0% |
| AGRICULTURAL RESEARCH SERVICE | 12H2 | $1.34M | 4 | 1 | 1.0% |
| FOOD AND NUTRITION SERVICE | 12F2 | $1.08M | 60 | 2 | 0.8% |
| BUREAU OF THE FISCAL SERVICE | 2036 | $909.2K | 28 | 1 | 0.7% |
05 / Contracting Offices
Which contracting offices buy in NAICS 541214?
Ranked by net obligations during FY 2019–FY 2025.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $73.03M | 32 | 1 | 54.1% |
| PROGRAM SUPPORT CENTER ACQ MGMT SVC | 75P001 | OFFICE OF THE ASSISTANT SECRETARY FOR ADMINISTRATION (ASA) | $33.53M | 35 | 2 | 24.8% |
| USAID M/OAA | 7200AA | AGENCY FOR INTERNATIONAL DEVELOPMENT | $6.99M | 16 | 1 | 5.2% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $5.15M | 17 | 2 | 3.8% |
| 245-NETWORK CONTRACT OFFICE 5 (36C245) | 36C245 | VETERANS AFFAIRS, DEPARTMENT OF | $2.86M | 72 | 1 | 2.1% |
| SC OAK RIDGE OFFICE | 892431 | ENERGY, DEPARTMENT OF | $2.54M | 5 | 1 | 1.9% |
| OFFICE OF CONTRACTS | 951700 | UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | $1.40M | 19 | 1 | 1.0% |
| USDA ARS AFM APD | 1232SA | AGRICULTURAL RESEARCH SERVICE | $1.34M | 4 | 1 | 1.0% |
| 247-NETWORK CONTRACT OFFICE 7 (36C247) | 36C247 | VETERANS AFFAIRS, DEPARTMENT OF | $1.27M | 6 | 1 | 0.9% |
| U.S. EMBASSY PARIS | 19FR63 | STATE, DEPARTMENT OF | $1.18M | 15 | 2 | 0.9% |
06 / Top Vendors
Which contractors lead the NAICS 541214 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| STATE STREET CORPORATION | $73.03M | 32 | 1 | 54.1% | Jul 28, 2025 |
| LYCEUM BUSINESS SERVICES, LLC | $25.34M | 21 | 1 | 18.8% | Sep 23, 2025 |
| FM TALENT SOURCE LLC | $11.10M | 109 | 7 | 8.2% | Jul 15, 2025 |
| ELITEBCO LLC | $6.99M | 16 | 1 | 5.2% | Jun 13, 2025 |
| ESCIENCE & TECHNOLOGY SOLUTIONS, INC. | $4.50M | 26 | 1 | 3.3% | Mar 26, 2025 |
| PALISADE-HERITAGE JV, LLC | $4.13M | 78 | 1 | 3.1% | Jul 23, 2025 |
| CHICKASAW BUSINESS SOLUTIONS, LLC | $2.54M | 5 | 1 | 1.9% | Sep 25, 2025 |
| KPMG AG WIRTSCHAFTSPRUFUNGSGESELLSCHAFT | $2.14M | 8 | 1 | 1.6% | Jun 16, 2025 |
| PAYCOM PAYROLL, LLC | $1.40M | 19 | 1 | 1.0% | Sep 30, 2025 |
| VALUE + | $986.2K | 10 | 1 | 0.7% | Dec 6, 2024 |
07 / Product and Service Mix
What products and services are purchased under NAICS 541214?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| R711 | SUPPORT- MANAGEMENT: BANKING | $42.56M | 23 | 1 | 31.5% |
| R499 | SUPPORT- PROFESSIONAL: OTHER | $36.28M | 68 | 9 | 26.9% |
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $32.68M | 59 | 8 | 24.2% |
| R431 | SUPPORT- PROFESSIONAL: HUMAN RESOURCES | $6.69M | 67 | 10 | 4.9% |
| R428 | SUPPORT- PROFESSIONAL: INDUSTRIAL HYGIENICS | $4.28M | 5 | 1 | 3.2% |
| Q517 | MEDICAL- PHARMACOLOGY | $4.17M | 80 | 2 | 3.1% |
| R699 | SUPPORT- ADMINISTRATIVE: OTHER | $3.59M | 75 | 6 | 2.7% |
| R703 | SUPPORT- MANAGEMENT: ACCOUNTING | $3.57M | 56 | 9 | 2.6% |
| V302 | TRANSPORTATION/TRAVEL/RELOCATION- RELOCATION: TRAVEL AGENT | $2.54M | 5 | 1 | 1.9% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $303.7K | 9 | 2 | 0.2% |
08 / Buying Pattern
How does the government buy in NAICS 541214?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $17.26M | 177 |
| PURCHASE ORDER | $4.00M | 119 |
| BPA CALL | $4.07M | 112 |
| DEFINITIVE CONTRACT | $109.78M | 111 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 541214?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $135.11M market as addressable.