Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

This U.S. industry comprises establishments primarily engaged in providing pharmacy benefit management (PBM) services and other third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee benefit plans, and self-insurance funds.

NAICS code 524292 — Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Agencies, Brokerages, and Other Insurance Related Activities space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of $45.5M average annual receipts, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 524292.

What is NAICS code 524292?

NAICS code 524292 is 'Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds', classified under the Finance and Insurance sector (NAICS 52). This U.S. industry comprises establishments primarily engaged in providing pharmacy benefit management (PBM) services and other third party administration services of insurance and pension funds, such

What is the SBA small business size standard for NAICS code 524292?

The SBA defines a small business under NAICS code 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds) as one with $45.5M average annual receipts. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 524292 in SAM.gov?

To register NAICS code 524292 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds) to your NAICS code list. You may designate one code as your Primary NAICS code.