Federal NAICS Codes

NAICS 525120

Health and Welfare Funds

Explore obligations, trends, recent awards, and incumbent contractors for NAICS 525120.

NAICS 525120 federal market metrics

Total obligations
$161.7M
Total awards
803 awards
Active obligations
$563.8K
Size standard
$40,000,000 receipts

What this NAICS covers

NAICS 525120 covers administration and management of employer-sponsored health and welfare benefit funds, including plan recordkeeping, benefit disbursement, trust accounting, and fiduciary oversight for funds that provide medical, dental, vision, and related welfare benefits.

Federal opportunities under 525120 typically involve third-party administration of participant eligibility and claims processing, periodic trust accounting and financial reporting, plan compliance support, and vendor payment and reconciliation services tied to a health and welfare fund.

FY2025 snapshot

Obligations
$5.6M
Awards
35
Average award
$159.1K
Change from FY2024
-39.6%

Recent awards

Search contractors

$6,000

HEALTHEQUITY, INC.

District of Columbia Courts

PIID
95C67826P0231
PSC
AN14 - HEALTH R&D SERVICES; HEALTH CARE SERVICES; R&D ADMINISTRATIVE EXPENSES

$51,621

NY HAVANA

Department of State

PIID
19MA1026F0032
PSC
G007 - SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS

$45,217

NY HAVANA

Department of State

PIID
19MA1026F0017
PSC
G007 - SOCIAL- GOVERNMENT HEALTH INSURANCE PROGRAMS

FAQ

What work fits NAICS 525120?
  • Third-party administration of participant enrollment, eligibility determination, and claims adjudication for a health and welfare fund.
  • Processing benefit payments, participant reimbursements, and vendor remittances with trust accounting and reconciliation for fund assets.
  • Preparing periodic fiduciary financial reports, ledgers, and audit-ready trust accounting deliverables for a health and welfare fund.
  • Performing actuarial support and benefit reserve valuations tied to fund liabilities and recorded in fund financial statements.
When is NAICS 525120 a weak fit?
  • Pension fund management - focuses on retirement income investment and pension plan administration rather than health and welfare benefit disbursement and trust accounting.
  • Healthcare provider services - clinical care delivery, medical treatment, or practitioner services that do not include fund administration or claims processing.
  • Insurance underwriting and risk-bearing carriers - entities that underwrite policies and assume insurance risk rather than administering health and welfare benefit funds.
What solicitation language points to NAICS 525120?
  • Scope requests a third-party administrator role with eligibility systems, claims adjudication throughput, and COBRA or continuation coverage processing.
  • Deliverables include monthly or quarterly trust accounting statements, participant transaction reports, and reconciliations with supporting ledgers.
  • Evaluation criteria ask for fiduciary reporting, audit support, actuarial valuation deliverables, and vendor payment/reconciliation processes.

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