UNSPSC 84131800: Retirement funds

UNSPSC 84131800 Retirement funds is a Class code that encompasses the administration, advisory, and consulting services state and local governments procure to manage employee retirement plans, deferred compensation programs, retiree health benefits, and actuarial valuations. Recent solicitations show governments buying actuarial consulting services to value pension and OPEB liabilities, recordkeeping and administrative services for 457(b) deferred compensation plans, financial advisory services tied to retirement accounts, and broker services to design and negotiate retirement-related employee benefits such as retiree Medicare Advantage coverage. The issuing bodies span counties (Orange County, California; Catoosa County, Georgia; Gwinnett County, Georgia; Hall County, Georgia; Greenville County, South Carolina; Brevard County, Florida), cities (New Smyrna Beach, Florida; San Angelo, Texas; Tucson, Arizona; Lubbock, Texas; Orlando, Florida), and special-purpose entities (Citizens Property Insurance Corporation, a Florida governmental entity). Counties and cities each procure core retirement administration services annually or biennially, with no single buyer dominating the market.

The geographic spread includes activity across California, Georgia, Florida, Texas, and Arizona. Representative recent solicitations include Orange County, California's RFP for actuarial consulting services to prepare an Actuarial Valuation Report of the County's Retiree Medical Plan (proposals due October 23, 2026), City of Lubbock, Texas's RFP for 457(b) deferred compensation recordkeeping and administration consolidating $38.2 million in plan assets (proposals due June 11, 2026), and Catoosa County, Georgia's RFQ for employee benefits broker services covering approximately 430 full-time employees (proposals due October 22, 2026). Gwinnett County, Georgia and Hall County, Georgia each issued separate solicitations for retiree Medicare Advantage plan provision in mid-2026. Set-asides and preferences vary by jurisdiction—Orange County applies a 5 percent cost deduction for OCLSB-certified vendors and an 8 percent preference for DVBE-certified vendors; other jurisdictions reference standard insurance licensure, professional credentials, and financial stability requirements rather than enterprise designations.