UNSPSC 84131801: Self directed or employer sponsored retirement funds

UNSPSC 84131801 Self directed or employer sponsored retirement funds is a Commodity code capturing state and local procurement of actuarial analysis, consulting, and administration services for employee retirement and post-employment benefit plans. State and local governments solicit these services to value self-insurance funds, establish reserve requirements under governmental accounting standards, conduct eligibility and funding analyses, and manage ongoing plan administration and compliance. The buying mix spans county commissioners' offices, city finance and HR departments, transit authorities, school districts, state treasury and insurance regulators, and special-purpose funds—with counties and cities predominating. Recent solicitations show a high volume of GASB 75 (other post-employment benefits) valuations, workers' compensation and casualty self-insurance fund actuarial reviews, health plan reserve studies, and investment management and administrative consulting for defined-benefit and defined-contribution retirement programs. Proposers typically must hold Casualty Actuarial Society or Society of Actuaries credentials and demonstrate prior experience with governmental or public-employer benefit programs.

Geographic activity concentrates in the Southeast (Florida, Georgia) and Midwest (Michigan, Ohio, Wisconsin, Missouri, Kentucky), with secondary activity in the Pacific Northwest (Oregon, Washington). Recent representative opportunities include Palm Beach County's RFQ for actuarial studies of its workers' compensation and casualty self-insurance funds (due August 7, 2026), Hillsborough County's RFP for insurance consulting and brokerage services valued at $1 million across a five-year period (due July 24, 2026), Dane County Wisconsin's RFP for GASB 75 OPEB valuations (due June 2, 2026), and Michigan's award recommendation for healthcare and benefit auditing consulting to Willis Towers Watson US LLC totaling $7.71 million across four years with renewal options. The code also captures smaller municipal and county procurements for discrete actuarial studies—Salem Oregon's RFQ for benefits self-insurance fund actuarial review (May 8, 2026) and Jackson County Missouri's OPEB valuation RFP for $24,000 across three years (March 16, 2026)—alongside larger statewide and regional initiatives such as Oregon's automobile insurance rating actuarial services RFP (due July 8, 2026) and Washington's unclaimed property auditing contract (due June 5, 2026). SBE, MBE, and local-vendor preferences are common. Contract values range widely, from under $50,000 for single-jurisdiction valuations to $7+ million for multi-year statewide or large public-employer programs.