524292 — Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Description
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 (as defined in the official U.S. Census Bureau 2022 NAICS Manual).
Exclusions & Cross-References
- Managing the portfolio assets (i.e., funds) of others--are classified in Industry 523940, Portfolio
- Management and Investment Advice;
- Initially underwriting health and medical insurance policies--are classified in U.S. Industry 524114, Direct
- Health and Medical Insurance Carriers;
- Retailing prescription and nonprescription drugs and medicines--are classified in Industry 456110,
- Pharmacies and Drug Retailers;
- Providing insurance actuarial services--are classified in U.S. Industry 524298, All Other Insurance Related
- Activities; and
- Providing actuarial consulting services--are classified in U.S. Industry 541612, Human Resources
- Consulting Services.
Overview Facts
Legacy SIC Concordance
Trace the historical mapping chain from the 1987 Standard Industrial Classification (SIC) to the modern 2022 NAICS code format.
- SIC 6371 - Pension, Health, and Welfare Funds (via SIC1987:6371→NAICS1997:524292→2002:524292→2007:524292→2012:524292→2017:524292→2022:524292)
- SIC 6411 - Insurance Agents, Brokers, and Service (via SIC1987:6411→NAICS1997:524292→2002:524292→2007:524292→2012:524292→2017:524292→2022:524292)
Suggested Product Service Codes (Advisory)
The following Product Service Codes (PSCs) are advisory suggestions aligned with this NAICS code. Note: NAICS and PSC codes map to different dimensions of procurement (industry vs. product/service). There is no official binding 1:1 crosswalk.
- PSC G009 — Non-Government Insurance Programs
Source: DoD DPCAP PSC Selection Tool (Ingested: 2026-06-29)
Frequently Asked Questions (FAQ)
Is NAICS code 524292 valid in 2022? ▾
Yes, 524292 is a valid 6-digit 2022 NAICS national industry code representing 'Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds' under Sector 52 in the official classification index.
What is the SBA size standard for NAICS code 524292? ▾
The Small Business Administration (SBA) has established a small business size standard of $45,500,000 for NAICS code 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds), calculated based on receipts.
What is the legacy SIC equivalent for NAICS 524292? ▾
According to official Census Bureau concordance tables, NAICS code 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds) maps to legacy 1987 Standard Industrial Classification (SIC) codes: 6371 - Pension, Health, and Welfare Funds, 6411 - Insurance Agents, Brokers, and Service.
Related Pages & Tools
Further regulatory reference links for NAICS code 524292:
- Sector 52 Directory Hub — List of related industries in the Finance and Insurance sector.
- SIC ↔ NAICS Crosswalk Tool — Look up mappings between legacy SIC codes and modern classifications.
- NAICS 524292 to SIC Crosswalk — Bidirectional mapping to legacy SIC codes (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds).
- SBA Size Standards Guide — Complete rules and averaging periods for small business classifications.
- Calculating Annual Receipts Guide — Detailed worked example of revenue calculation rules.
- IRS Principal Business Activity Guide — How NAICS codes map to corporate and entity tax filings.