UNSPSC 84131800: Retirement funds

UNSPSC 84131800 Retirement funds is a Class code covering recordkeeping, administration, compliance, and related fiduciary services for governmental and municipal retirement and deferred compensation plans. State and local governments are actively soliciting for 457(b) deferred compensation plan administration, defined-benefit plan actuarial valuations, retiree health plan management (Medicare Advantage and Medicare Supplement), stop-loss insurance for self-funded health plans, and bundled benefits administration services spanning medical, pharmacy, COBRA, and FSA accounts. Issuing bodies include cities (Lubbock, Tucson, Round Rock, Orlando, New Smyrna Beach, Wheat Ridge, San Marcos), counties (Orange, Volusia, Gwinnett, Hall, Jackson, Crisp, Clarke), and large school districts (St. Louis Public Schools). Repeat buyers include Volusia County and Orange County, Florida, both soliciting across multiple retirement and retiree benefit categories within the same timeframe. The work is broadly distributed across procurement types—RFPs dominate for plan administration and brokerage services, while RFQs and RFIs appear for actuarial and consulting work.

Geographic activity is concentrated in Florida (Volusia, Orange, Tucson, and smaller municipalities) and Georgia (Gwinnett, Hall, Crisp, Clarke), with secondary activity in Texas (Lubbock, Round Rock, San Marcos), Colorado (Wheat Ridge), Missouri (Jackson, St. Louis), and scattered other states. Representative recent opportunities include the City of Lubbock's RFP 26-19659-KM (posted May 17, 2026, due June 11, 2026) seeking consolidation of three existing 457(b) deferred compensation plans representing $38.2 million in assets under a single recordkeeping and administration vendor; the City of Tucson's IFB 260220 (posted May 12, 2026, due May 19, 2026) for specific stop-loss insurance coverage on a $43.5 million annual self-funded health plan; Gwinnett County's competitive sealed proposal PE77023NONST2026000000590 (posted May 6, 2026, due June 8, 2026) for Medicare Advantage plan provision; and Jackson County, Missouri's RFP 26004 (posted February 17, 2026, revised deadline March 16, 2026) for OPEB actuarial valuation services under GASB 75, with an anticipated contract value of $8,000 annually. The code captures ongoing, steady demand from jurisdictions managing employee benefits and retiree health programs, with recent activity shifting toward plan consolidation, vendor transition, and cost containment through stop-loss and defined-benefit actuarial work.