UNSPSC 84131700: Pension funds

UNSPSC 84131700 Pension funds is a Class code that covers state and local procurement of advisory, administrative, and recordkeeping services related to employee retirement plans, deferred compensation arrangements, retiree health benefits, and associated insurance products. State and local governments use this code to solicit brokers, consultants, third-party administrators, and plan service providers who manage or advise on pension assets, plan consolidation, compliance, participant education, and benefit design. Recent solicitations show cities and counties purchasing insurance consultant services to review coverage allocations and manage RFPs for liability insurance; broker-of-record services to design and administer employee health benefits and stop loss coverage; and recordkeeping vendors for 457(b) deferred compensation plan consolidation. The issuing bodies are typically county human resources departments, city benefits functions, and municipal finance offices overseeing benefits for 400–2,700 full-time employees and retirees. Counties and cities are the primary buyers, with no state pension agencies visible in the recent activity block.

Geographic activity spans Florida, Georgia, South Carolina, Texas, and Arizona. The City of New Smyrna Beach, Florida issued an RFP for insurance consultant services due November 6, 2026, to review the city's allocation of insurance assets and develop annual premium allocations for a self-insured pool; Catoosa County, Georgia released an RFQ for broker services due October 22, 2026, to design and negotiate employee benefit coverage for approximately 430 full-time employees; and the City of Tucson, Arizona solicited specific stop loss insurance proposals due May 19, 2026 (now past), covering approximately 4,508 employees and retirees with approximately $43.5 million in recent plan claims. The City of Lubbock, Texas sought a 457(b) deferred compensation plan recordkeeper through RFP due June 11, 2026, to consolidate $38.2 million in plan assets across three currently separate providers. Hall County, Georgia and Gwinnett County, Georgia both solicited Medicare Advantage plan vendors in May–June 2026. Contract terms typically run one to three years with optional one-year renewals; fees are usually fixed or based on hourly rates or per-employee per-month structures, with some arrangements bearing no guaranteed minimum contract value.