This task order is issued to offset (buydown) part of the administrative fee charged to agencies for benefit year 2025 with funding from OPM's risk reserve account. For benefit year 2025, OPM will…
Ended Awarded Last action
- Contract number
- 24362525F0005
- Awardee
-
Healthequity, Inc. UEI JHYDEGZ72RH3
- Awarding agency
-
Office of Personnel Management
- Obligated
- $14,860,000
Award facts
- Contract value 100% obligated
- $14,860,000.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Draper, UT 84020, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $1,559,344 | |
| Original award | $13,300,656 |
About this award
This is a delivery order contract awarded by the Office of Personnel Management (OPM) to Healthequity, Inc., a for-profit organization based in Draper, Utah, that specializes in administering flexible spending accounts (FSAs) for federal government agencies. The contract, valued at $14,860,000, is intended to offset a portion of the administrative fee charged to agencies for the Federal Flexible Spending Account Program (FSAFEDS) in benefit year 2025. The contract is a firm fixed-price delivery order with an ultimate completion date of December 31, 2025. Healthequity, Inc. holds a significant $250 million Government-Wide Acquisition Contract (GWAC) with OPM, which serves as the primary vehicle for delivering third-party administrative services for FSAFEDS. This contract award does not have a set-aside designation, indicating that Healthequity, Inc. competed for it on a full and open competitive basis.
Description
This task order is issued to offset (buydown) part of the administrative fee charged to agencies for benefit year 2025 with funding from OPM's risk reserve account. For benefit year 2025, OPM will reduce fsafeds administrative fee charged to age
Quick answers
Who was awarded contract 24362525F0005?
24362525F0005 was awarded to Healthequity, Inc. by Office of Personnel Management on January 1, 2025.
How much is contract 24362525F0005 worth?
The government has obligated $14,860,000 on 24362525F0005.
Is contract 24362525F0005 an order under another contract?
Yes. 24362525F0005 is a delivery order under 24361820D0002, a government wide acquisition contract (GWAC).
Was contract 24362525F0005 competed?
The extent of competition for 24362525F0005 was full and open competition. The government received 1 offer.
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