Industries › NAICS 525120
Industry · NAICS 525120 · sector 52 Finance and insurance
Health and Welfare Funds
Federal contract obligations classified under NAICS 525120, the organisations that win them and the agencies that award them.
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.
Federal agencies obligated $7.3M in contracts classified under NAICS 525120, Health and Welfare Funds, in FY2026, and $41M over the five fiscal years since FY2023; the industry ranks 510 of 526 on this site.
Obligations were up 137% on FY2025 ($3.1M), with $0 so far in FY2027.
The largest recipient organisations by the value of $1.0M-plus awards since FY2023 were American Life Insurance Co (dubai Branch) ($5.1M), Sul América Companhia de Seguros Saúde ($2.0M) and National Academy of Sciences ($2.0M).
By place of performance, the most money went to MD.
Contract obligations by fiscal year
Compared with the largest industry FY2026
| Measure | This industry | Aircraft Manufacturing | All contracts |
|---|---|---|---|
| Contract obligations, FY2026 | $7.3M | $45B | $716B |
| Five-year total | $41M | $211B | $3.0T |
| Share of all contract obligations, five years | 0% | 7.1% | 100% |
Top contractors $1.0M+ award value since FY2023
| # | Organisation | Awards | Award value |
|---|---|---|---|
| 1 | American Life Insurance Co (dubai Branch) | 2 | $5.1M |
| 2 | Sul América Companhia de Seguros Saúde | 2 | $2.0M |
| 3 | National Academy of Sciences | 1 | $2.0M |
Buying agencies $1.0M+ awards
Where the work is performed
Largest awards since FY2023
| Recipient | Awarding agency | Type | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| American Life Insurance Co (dubai Branch) | Department of State | ContractDelivery Order | $2.7M | 3 Jan 2025 | — | USAspending |
| American Life Insurance Co (dubai Branch) | Department of State | ContractDelivery Order | $2.4M | 6 Dec 2023 | — | USAspending |
| National Academy of Sciences | Department of Health and Human ServicesOffice of the Assistant Secretary for Financial Resources | ContractDefinitive Contract | $2.0M | 29 Sep 2026 | MD | USAspending |
| Sul América Companhia de Seguros Saúde | Department of State | ContractDelivery Order | $1.0M | 16 Nov 2023 | — | USAspending |
| Sul América Companhia de Seguros Saúde | Department of State | ContractDelivery Order | $1.0M | 15 Mar 2024 | — | USAspending |
Other industries in sector 52: Finance and insurance
- 524114 Direct Health and Medical Insurance Carriers $177B
- 522390 Other Activities Related to Credit Intermediation $5.1B
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds $3.2B
- 523150 Investment Banking and Securities Intermediation $1.2B
- 522110 Commercial Banking $772M
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities $481M
- 524298 All Other Insurance Related Activities $238M
- 523920 Portfolio Management $231M
- 524210 Insurance Agencies and Brokerages $202M
- 523940 Portfolio Management and Investment Advice $54M
- 523910 Miscellaneous Intermediation $50M
Questions and answers
How much does the federal government spend on NAICS 525120?
$7.3M in contract obligations classified under Health and Welfare Funds in FY2026, $41M over the five fiscal years since FY2023. Obligations are commitments, not payments.
Who are the top contractors in Health and Welfare Funds?
American Life Insurance Co (dubai Branch) ($5.1M), Sul América Companhia de Seguros Saúde ($2.0M), National Academy of Sciences ($2.0M), by the value of $1M-plus awards since FY2023.
Which agencies buy in this industry?
By the value of $1.0M-plus contracts since FY2023: Department of State ($7.1M), Department of Health and Human Services ($2.0M).
What is a NAICS code?
In USAspending's words: "NAICS stands for the North American Industrial Classification System. This 6-digit code tells you what industry the work falls into. Each contract record has a NAICS code." Assistance awards (grants, loans, direct payments) carry no NAICS code and are not counted here.
Provenance
Source: USAspending.gov API v2, spending by category (NAICS) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 NAICS list, so small amounts in a state may be missing. See methodology.