MBA Actuaries LLC

MBA Actuaries LLC, a minority-owned, Black American-owned limited liability company based in Princeton, New Jersey, provides federal crop insurance expert actuarial and underwriting review services to the Department of Agriculture as a prime contractor exclusively under blanket purchase agreements. The vendor operates 100% as a prime on federal contracts, with no subcontract activity, and competes entirely in full-and-open procurements without set-aside designations across its active portfolio—though recent task orders have included Total Small Business set-aside language on specific BPA calls.

MBA Actuaries' federal footprint is narrow and specialized. The vendor holds a single-award $250,000 Blanket Purchase Agreement with USDA's Risk Management Agency (RMA), running from October 1, 2023, through September 30, 2028, that serves as the parent vehicle for nearly all task orders. The BPA authorizes labor-hour-based actuarial and underwriting expert review of crop insurance policies, plans of insurance, and related submissions required under the Federal Crop Insurance Act. Representative task orders include a $16,400 BPA call awarded June 5, 2026, for FCIC Board expert review of confidential May 2026 submissions (completion August 10, 2026); a $32,000 call awarded June 5, 2025, for Federal Crop Insurance Corporation board review of confidential insurance-product submissions (completion July 7, 2025); a $24,000 call issued August 27, 2025, for hybrid wheat seed insurance expert review (completion September 30, 2025); and a $16,400 call awarded March 23, 2026, for expert review of proposed Livestock Gross Margin insurance products for cattle and swine (completion April 10, 2026). Earlier calls covered Dairy Revenue Protection, Shellfish modification, Weaned Calf Revenue, and Whole Farm Revenue Protection reviews, with task order values ranging from $8,000 to $32,800.

Customer concentration is absolute: USDA Risk Management Agency accounts for 26 of 33 awards and $1.3 million of the $1.8 million combined potential value across all awards. The vendor also holds task orders under two additional USDA BPAs (Farm Service Agency Kansas City Commodity Office, five awards, $127 thousand; Farm Service Agency Alaska, one award, $15 thousand) and carries a single award from the Department of the Treasury Internal Revenue Service valued at $326 thousand. Awards per year have trended downward, from four annually in 2022 and 2023 to two in both 2025 and 2026, with only one award facing completion within the next twenty-four months (combined potential value $16 thousand). Work is performed at the contractor's offices in Parsippany and Princeton, New Jersey, with no identified subcontractors across the entire award portfolio.