01 / NAICS Market Profile
NAICS 541214 Payroll Services Federal Contracts
North American Industry Classification System code 541214
Federal contract activity classified under Payroll Services across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the NAICS 541214 federal market?
03 / Spending Trend
NAICS 541214 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$20.98M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $18.14M | 88 | 21 | 18 | — |
| FY 2021 | $19.15M | 59 | 20 | 14 | +5.6% |
| FY 2022 | $21.83M | 72 | 22 | 15 | +14.0% |
| FY 2023 | $14.71M | 60 | 22 | 15 | −32.6% |
| FY 2024 | $15.47M | 85 | 20 | 12 | +5.1% |
| FY 2025 | $25.15M | 70 | 22 | 13 | +62.6% |
| FY 2026 | $20.98M | 66 | 21 | 17 | −16.6% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2020–FY 2026.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $74.42M | 32 | 1 | 54.9% |
| OFFICE OF THE ASSISTANT SECRETARY FOR ADMINISTRATION (ASA) | 7570 | $33.23M | 29 | 2 | 24.5% |
| STATE, DEPARTMENT OF | 1900 | $9.62M | 105 | 8 | 7.1% |
| AGENCY FOR INTERNATIONAL DEVELOPMENT | 7200 | $4.82M | 15 | 2 | 3.6% |
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | $4.27M | 116 | 5 | 3.2% |
| ENERGY, DEPARTMENT OF | 8900 | $2.96M | 8 | 1 | 2.2% |
| UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | 9568 | $1.59M | 23 | 2 | 1.2% |
| OFFICE OF THE ASSISTANT SECRETARY FOR FINANCIAL RESOURCES (ASFR) | 7571 | $1.47M | 4 | 1 | 1.1% |
| DEPT OF THE NAVY | 1700 | $867.8K | 10 | 3 | 0.6% |
| INDIAN HEALTH SERVICE | 7527 | $675.7K | 11 | 2 | 0.5% |
05 / Contracting Offices
Which contracting offices buy in NAICS 541214?
Ranked by net obligations during FY 2020–FY 2026.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $74.42M | 32 | 1 | 54.9% |
| PROGRAM SUPPORT CENTER ACQ MGMT SVC | 75P001 | OFFICE OF THE ASSISTANT SECRETARY FOR ADMINISTRATION (ASA) | $33.23M | 29 | 2 | 24.5% |
| ACQUISITIONS - RPSO FRANKFURT | 19GE50 | STATE, DEPARTMENT OF | $5.06M | 18 | 2 | 3.7% |
| USAID M/OAA | 7200AA | AGENCY FOR INTERNATIONAL DEVELOPMENT | $4.81M | 14 | 1 | 3.5% |
| SC OAK RIDGE OFFICE | 892431 | ENERGY, DEPARTMENT OF | $2.96M | 8 | 1 | 2.2% |
| 245-NETWORK CONTRACT OFFICE 5 (36C245) | 36C245 | VETERANS AFFAIRS, DEPARTMENT OF | $2.27M | 80 | 1 | 1.7% |
| 247-NETWORK CONTRACT OFFICE 7 (36C247) | 36C247 | VETERANS AFFAIRS, DEPARTMENT OF | $1.75M | 8 | 1 | 1.3% |
| AMERICAN EMBASSY TEL AVIV | 191S70 | STATE, DEPARTMENT OF | $1.67M | 11 | 1 | 1.2% |
| OFFICE OF CONTRACTS | 951700 | UNITED STATES AGENCY FOR GLOBAL MEDIA, BBG | $1.57M | 22 | 1 | 1.2% |
| U.S. EMBASSY PARIS | 19FR63 | STATE, DEPARTMENT OF | $1.18M | 15 | 2 | 0.9% |
06 / Top Vendors
Which contractors lead the NAICS 541214 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| STATE STREET CORPORATION | $74.42M | 32 | 1 | 54.9% | Sep 8, 2026 |
| LYCEUM BUSINESS SERVICES, LLC | $29.71M | 21 | 2 | 21.9% | Sep 28, 2026 |
| FM TALENT SOURCE LLC | $5.61M | 67 | 7 | 4.1% | Sep 28, 2026 |
| ELITEBCO LLC | $4.81M | 14 | 1 | 3.5% | Jun 13, 2025 |
| ESCIENCE & TECHNOLOGY SOLUTIONS, INC. | $4.75M | 26 | 1 | 3.5% | May 1, 2026 |
| PALISADE-HERITAGE JV, LLC | $4.02M | 88 | 1 | 3.0% | Jul 1, 2026 |
| CHICKASAW BUSINESS SOLUTIONS, LLC | $2.96M | 8 | 1 | 2.2% | Jul 13, 2026 |
| KPMG AG WIRTSCHAFTSPRUFUNGSGESELLSCHAFT | $2.63M | 11 | 1 | 1.9% | Aug 11, 2026 |
| PAYCOM PAYROLL, LLC | $1.57M | 22 | 1 | 1.2% | Sep 28, 2026 |
| VALUE + | $986.2K | 10 | 1 | 0.7% | Dec 6, 2024 |
07 / Product and Service Mix
What products and services are purchased under NAICS 541214?
| PSC | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| R499 | SUPPORT- PROFESSIONAL: OTHER | $45.11M | 63 | 9 | 33.3% |
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $34.74M | 59 | 7 | 25.6% |
| R711 | SUPPORT- MANAGEMENT: BANKING | $33.50M | 18 | 1 | 24.7% |
| R431 | SUPPORT- PROFESSIONAL: HUMAN RESOURCES | $5.88M | 62 | 11 | 4.3% |
| Q517 | MEDICAL- PHARMACOLOGY | $4.05M | 90 | 2 | 3.0% |
| R699 | SUPPORT- ADMINISTRATIVE: OTHER | $3.50M | 56 | 7 | 2.6% |
| R428 | SUPPORT- PROFESSIONAL: INDUSTRIAL HYGIENICS | $3.00M | 4 | 1 | 2.2% |
| V302 | TRANSPORTATION/TRAVEL/RELOCATION- RELOCATION: TRAVEL AGENT | $2.96M | 8 | 1 | 2.2% |
| R703 | SUPPORT- MANAGEMENT: ACCOUNTING | $2.90M | 63 | 10 | 2.1% |
| R799 | SUPPORT- MANAGEMENT: OTHER | $495.1K | 9 | 1 | 0.4% |
08 / Buying Pattern
How does the government buy in NAICS 541214?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $14.47M | 159 |
| PURCHASE ORDER | $4.41M | 130 |
| DEFINITIVE CONTRACT | $113.88M | 117 |
| BPA CALL | $2.68M | 94 |
09 / Recent Contract Awards
What was awarded most recently in NAICS 541214?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $135.43M market as addressable.