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Subcontracting in NAICS 524292: Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

Large federal prime contractors must adopt a small-business subcontracting plan on contracts above $900,000 ($2 million for construction) under FAR 19.702, with goals for small, women-owned, HUBZone, veteran-owned and service-disabled veteran-owned businesses. SBA's directory lists 9 primes with such plans on 38 contracts in NAICS 524292 (FY2023 and FY2024), 0 of them still active, with $989,936,137 in total contract value. These are the companies to approach about subcontracting work in this industry.

524292 size standard · how to find teaming partners

Prime contractors with subcontracting plans

Sorted by the value of active contracts. Look up each prime's small-business or supplier diversity page and register in its supplier portal.

Prime contractorLocationContracts (active)Contract valueMain agenciesLatest end
Triwest Healthcare Alliance Corp.
Parent: Triwest Healthcare Alliance Corp
Phoenix, Arizona19 (0)$706,374,975Department of Veterans AffairsSep 30, 2024
Optumrx Administrative Services, LLC
Parent: Optumrx Administrative Services LLC
Eden Prairie, Minnesota6 (0)$199,263,227Department of Veterans AffairsSep 30, 2024
Torrent Technologies, Inc.
Parent: Marsh & Mclennan Companies Inc.
Kalispell, Montana1 (0)$21,291,763Federal Emergency Management AgencySep 29, 2024
International Medical Group Inc
Parent: Sirius International Insurance Group LTD
Indianapolis, Indiana1 (0)$17,072,958Bureau of the Fiscal ServiceSep 29, 2025
Serco Inc.
Parent: Serco Inc
Herndon, Virginia2 (0)$15,928,492Pension Benefit Guaranty CorporationJul 3, 2024
Healthequity, Inc.
Parent: Healthequity Inc.
Draper, Utah6 (0)$14,630,717Office of Personnel Management; Department of Veterans Affairs; Defense Finance and Accounting Service (Dfas)Dec 31, 2024
Wisconsin Physicians Service Insurance Corporation
Parent: Wisconsin Physicians Service Insurance Corp.
Madison, Wisconsin1 (0)$13,231,172Defense Health Agency (DHA)Apr 30, 2024
Novitas Solutions, Inc
Parent: Novitas Solutions Inc.
Mechanicsburg, Pennsylvania1 (0)$1,306,377Centers for Medicare and Medicaid ServicesSep 8, 2025
Paragon Strategic Solutions Inc.Minneapolis, Minnesota1 (0)$836,456Departmental OfficesFeb 19, 2023

About this data

Primes: SBA's Directory of Federal Government Prime Contractors with Subcontracting Plans (FY2023 and FY2024 editions, the latest SBA has published), built from FPDS-NG. The agency that entered each record owns the data; questions about a contract go to that agency. "Active" means the listed completion date is today or later. Contract value is the base and all options value. We group contracts by the prime's UEI. Open opportunities: SBA SubNet, checked Oct 18, 2026 and weekly. AwardWatchdog is not affiliated with SBA or any prime listed here.

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