NAICS 524292: Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds is NAICS code 524292. A business is small under it with $45.5 million or less in average annual receipts. 2 federal contracts are open on SAM.gov under this code right now.
- SBA size standard
- $45.5 million or less in average annual receipts
- Open contracts now
- 2
- Federal spending, FY2026
- $1.2 billion
- Share won by small businesses
- 17%
- Small businesses registered
- 215
Open federal contracts for pharmacy benefit management and other third party administration of insurance and pension funds
- TRICARE Medicare Eligible Program Second Generation (TMEP2)
✦ The Defense Health Agency is competing a follow-on contract for TRICARE Medicare Eligible Program Second Generation (TMEP2): processing health care claims and providing customer…
Due in 32 daysNov 6, 2026
- FY26: VISN 8 Pharmacy Emergent First Fill Prescription Services
Due in 87 daysDec 30, 2026
What NAICS 524292 covers
The Census Bureau's NAICS index lists these kinds of work under 524292:
- Claims processing services, insurance, third party
- Employee benefit plans, third party administrative processing services
- Insurance claims processing services, third party
- Insurance fund, third party administrative services (except claims adjusting only)
- Insurance plan administrative services (except claims adjusting only), third party
- Pension fund, third party administrative services
- Pharmacy Benefit Management (PBM) services
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 524292
To count as a small business for a contract assigned NAICS 524292, your business must have $45.5 million or less in average annual receipts. Receipts are averaged over your last five completed fiscal years.
From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.
Who buys pharmacy benefit management and other third party administration of insurance and pension funds
Agencies that awarded the most under NAICS 524292 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Department of Veterans Affairs | $2.2 billion |
| Defense Health Agency | $130.2 million |
| Federal Emergency Management Agency | $84.7 million |
| U.S. Immigration and Customs Enforcement | $50.4 million |
| Office of Personnel Management | $46.4 million |
| Health Resources and Services Administration | $21.4 million |
| Centers for Disease Control and Prevention | $19.1 million |
| Department of the Navy | $17.5 million |
Open notices right now come from Dept of Defense (1) and Department of Veterans Affairs (1).
Set-asides on open 524292 contracts
- No set-aside (full and open): 1
- Service-disabled veteran-owned set-aside: 1
Not sure which set-asides you qualify for? Try the free SBA certification screener, or read set-aside contracts, explained.
Your competition
215 businesses with active SAM.gov registrations are rated small under NAICS 524292, most of them in Texas (28), Virginia (22), Florida (21), Georgia (18) and California (13). Look any of them up with the free CAGE code and UEI lookup.
Federal spending under 524292 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $799.5 million |
| FY2025 | $729.2 million |
| FY2026 | $1.2 billion |
| FY2027 (so far) | $1.3 million |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
- 524210 Insurance Agencies and Brokerages
- 524291 Claims Adjusting
- 524298 All Other Insurance Related Activities
Frequently asked questions
What is NAICS code 524292?
524292 is the 2022 NAICS code for Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds. The Census Bureau's index lists work such as claims processing services, insurance, third party, employee benefit plans, third party administrative processing services, insurance claims processing services, third party under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 524292?
$45.5 million or less in average annual receipts. A business at or under that is small for contracts assigned this code. The current SBA table took effect Mar 17, 2023.
Are there government contracts for pharmacy benefit management and other third party administration of insurance and pension funds?
Yes. 2 federal contract opportunities under NAICS 524292 are open on SAM.gov right now. Agencies obligated about $1.2 billion under this code in fiscal year 2026, according to USAspending.gov.
How do I add NAICS code 524292 to my SAM.gov registration?
Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.
Keep going
- Search other NAICS codes by keyword or company
- How to choose NAICS codes for government contracts
- NAICS codes with the most open federal contracts
FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.