UNSPSC 64102003: Individual retirement account IRA, corporate

A qualified plan established by employers to which eligible employees may make salary deferral --salary reduction-- contributions on a post-tax and or pretax basis. Employers offering such plans --called 401k plans in the United States--may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis.

UNSPSC 64102003 Individual retirement account IRA, corporate is a Commodity-tier code that covers investment advisory and custodial services for public sector retirement and benefit plan assets held in trust structures, as demonstrated in recent state and local solicitations for investment consulting and management of deferred compensation plans, pension funds, and OPEB trusts. State and local governments are procuring non-discretionary portfolio management, investment policy development, performance monitoring, fund manager selection and evaluation, custodial safekeeping, and compliance reporting for retirement savings vehicles—work that spans defined benefit pension oversight, 457(b) deferred compensation plan administration, 403(b) platforms, endowment management, and short-term investment pools. The issuing bodies include state treasuries and comptroller offices (Texas, Oregon, Georgia, Washington), county clerk-comptroller offices (Hillsborough County, Florida; Galveston County, Texas), cities (Dallas, Charlotte, Salem, Goodyear, Euless), public housing authorities (San Antonio, Opportunity Home), colleges and universities (Texas Southmost, Wharton County Junior College, Collin County Community College, Texas Southern University, West Basin Water District), and state-level boards and authorities managing employee benefits or public funds (Teacher Retirement System of Texas, Texas Prepaid Higher Education Tuition Board, Georgia Housing and Finance Authority). Repeat buyers include the Texas Comptroller of Public Accounts (managing TexPool, bond underwriter pools, and strategic asset programs), state education systems (TRS, WCJC, TSC, Collin County), and municipal finance offices managing both short-term operating reserves and long-term endowments.

Recent activity concentrates in Texas (Texas Comptroller, multiple colleges and counties), Florida (Hillsborough, Sarasota, Okaloosa), California (Ontario International Airport Authority), North Carolina (Charlotte), Georgia (GHFA, College Park), and the Pacific Northwest (Oregon, Washington). Representative recent opportunities include the Texas Comptroller of Public Accounts' RFP 240L for TexPool and TexPool Prime investment management (due September 2, 2026), covering $58.4 billion in combined assets across 3,728 participants with mandatory VetHUB subcontracting plans and requiring a Texas physical office; the City of Sarasota's RFP #26-36HR for OPEB Trust Fund investment consulting services on a $60 million trust (due August 19, 2026); Hillsborough County Clerk's RFP 02/26 for $1.5 billion in fixed-income investment management with a cooperative purchasing vehicle for Florida municipalities (due July 10, 2026); and the City of Charlotte's RFP #269-2026-202 for cloud-based fixed-income investment reporting and accounting integrated with Workday on a $2.8 billion portfolio (due April 6, 2026). Procurement activity is current and steady across the country, with most response deadlines falling between April and September 2026.