Rust Consulting, Inc.

Rust Consulting, Inc., a Minneapolis-based for-profit consulting firm, delivers redress administration, claims processing, and third-party administrative services to federal agencies as a prime contractor (100% of recent awards) competing on a full-and-open, non-set-aside basis. The company specializes in victim identification, claims processing, payment distribution, breach notification, and regulatory compliance reporting for consumer financial protection enforcement actions and federal asset forfeiture cases, with performance executed entirely at its Minneapolis, Minnesota headquarters.

Rust Consulting operates with extreme customer concentration. The Consumer Financial Protection Bureau accounts for 55 awards (80% of award count) and $72.1 million of the combined potential value—85% of the $84.5 million portfolio. The next four customers combined (Department of Justice Criminal Division, Equal Employment Opportunity Commission, Department of Homeland Security U.S. Secret Service, and U.S. Attorney's Offices) represent 18 awards and $4.8 million. This concentration is decision-relevant for competitive positioning: CFPB work dominates the footprint, and recompete or non-renewal of that relationship would create significant revenue risk.

Rust Consulting holds three active indefinite-delivery vehicles as prime. The largest is the CFPB 3rd Party Redress Services multiple-award IDIQ (awarded September 21, 2022, $50 million ceiling, extending through September 20, 2027), against which 25 task orders valued at $9.5 million have been placed for specific enforcement matters—Synapse ($3.04 million, August 2026), Navient ($665.8 thousand, July 2025), Sutherland Matter ($1.04 million, October 2024), CLIMB Credit ($481.6 thousand, September 2025), Integrity Advance ($435.5 thousand, July 2026), and FIP Redress ($598.4 thousand, May 2024). The CFPB Fund and Redress Administration IDIQ (predecessor vehicle) generated 14 task orders worth $3.1 million for similar redress work through March 2024. A $100,000 Department of Justice Criminal Division multiple-award IDC for Federal Forfeiture Claims Administration (awarded March 7, 2023, extending through January 31, 2028) has supported three recent task orders: We Build the Wall case claims ($300.2 thousand, June 2025), TSUI and Western Union claims ($187.4 thousand, December 2024), and Evan Light remission ($59.9 thousand, June 2026). A single-award Federal Trade Commission Blanket Purchase Agreement (awarded November 1, 2023, one-dollar ceiling structure, extending through October 31, 2028) is also in place for FTC redress administration, though task order activity under it is not detailed in the source.

Award activity shows a cyclical pattern: 5 awards in 2022, 12 in 2023, 5 in 2024, 12 in 2025, and 5 in 2026 year-to-date. Combined potential value is $84.5 million against $21.7 million obligated (26% obligation rate), indicating a significant backlog of unstarted or partially started work. Twenty-two awards carrying $8.7 million in combined potential value complete within the next twenty-four months, representing near-term recompete exposure, though most are CFPB task orders under the existing $50 million IDIQ vehicle that Rust Consulting already holds.

Rust Consulting competes across NAICS 561210 (Financial Transactions Processing, Reserve, and Clearinghouse Activities) for 57 awards, and across NAICS 524290 (Pharmacy Benefit Management and Other Third Party Administration) for 15 awards, indicating the vendor's classification as a third-party administrator. PSC coding reflects Support-Management: Banking (53 awards) and Support-Professional: Legal (13 awards). The vendor neither subcontracts nor is subcontracted; 100% of work is performed as a prime at its Minneapolis location.