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.
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
| NAICS Code | 524292 |
|---|---|
| Industry Title | Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds |
| SBA Size Standard | $45,500,000 |
| IRS PBA Code | 524290 (rolled-up match) |
| Sectors Hierarchy | Sector 52 → 524 → 5242 |
| Source / Verified | US Census 2022 NAICS Manual / 2026-06-28 |
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)
Related Resources & Compliance Guides
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.
- 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.
Related Industries in 5242
Frequently Asked Questions (FAQ)
Is 524292 a valid 2022 NAICS code?
NAICS 524292 is 'Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds', a 2022 U.S. national industry under Sector 52 (Finance and Insurance); the SBA small-business size standard is $45,500,000.
What is the SBA size standard for NAICS 524292?
The SBA small business size standard for NAICS 524292 is $45,500,000 (based on receipts).
What is the legacy SIC code mapping for 524292?
NAICS code 524292 maps to the legacy 1987 SIC codes: 6371 - Pension, Health, and Welfare Funds, 6411 - Insurance Agents, Brokers, and Service.