UNSPSC 84131701: Employer administered pension funds

UNSPSC 84131701 Employer administered pension funds is a Commodity code encompassing actuarial valuations, benefit plan administration, compliance support, and related professional services that state and local governments procure to manage pension, OPEB, self-insured health, and deferred compensation programs for public-sector employees and retirees. Recent solicitations show governments buying actuarial valuations and GASB reporting compliance; plan administration and recordkeeping for 457(b) deferred compensation and health plans; independent benefits consulting and broker services for medical, dental, vision, and life insurance; and claims reserve analyses for self-insured funds. Issuing bodies include state departments (Kentucky Department of Revenue, Michigan Department of Insurance and Financial Services, Oregon Department of Consumer and Business Services, Texas A&M University System), counties (Harris County, Orange County, Palm Beach County, Los Alamos County, Hillsborough County), cities (Holly Hill, Salem, Atlanta), and utility and transit authorities (Orlando Utilities Commission, Orange County Transportation Authority). The mix reflects both large state systems managing thousands of active and retired employees and smaller municipal governments with 100–700-person workforces.

Recent activity clusters in Florida, Texas, Michigan, Oregon, and Kentucky. Representative opportunities include the City of Holly Hill, Florida's RFP 26-HR-01 for comprehensive employee benefits broker services (response due April 8, 2026) managing 109 active employees and 53 retirees across medical, dental, vision, firefighter cancer, and life coverage; the Texas A&M University System's RFQ SBA-27-289 for annual actuarial valuations of self-insured health, prescription drug, dental, and OPEB plans (response due October 23, 2026); the Michigan Department of Insurance and Financial Services' pre-qualified vendor-pool RFP 260000002052 for captive insurance company actuarial examinations across 27 licensed entities (June 15, 2026 deadline, nine vendors awarded at $22,222.00 each); the Commonwealth of Kentucky's RFP for actuarial services to the Reclamation Guaranty Fund (April 30, 2026 deadline, extended); and the Incorporated County of Los Alamos' RFP26-71 for employee benefits consulting services covering approximately 700 active employees (October 15, 2026 deadline). Pricing varies widely—fixed-fee annual valuations around $150,000, multi-year actuarial studies ranging from $49,500 to $7.71 million, and consulting retainers such as Hillsborough County's $1,000,000 five-year insurance brokerage contract. Professional liability insurance minimums of $1,000,000 to $3,000,000 per occurrence are standard; many RFPs require demonstrated experience with public-sector or higher-education plans and current actuarial credentials (FSA, ASA, FCAS, ACAS, EA, Enrolled Actuary, or equivalent).