Payroll Services — NAICS 541214
Browse federal contract opportunities classified under NAICS code 541214 (Payroll Services). Find active solicitations on SAM.gov, understand size standards, and discover set-aside opportunities for your business.
About NAICS 541214
Payroll Services. This industry falls under the Professional, Scientific, and Technical Services sector (NAICS codes beginning with 54).
Federal agencies use NAICS code 541214 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the payroll services space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.
How to Use NAICS 541214 in Federal Contracting
To compete for federal contracts under NAICS 541214, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for payroll services work, they reference this code to determine the applicable small business size standard and any set-aside eligibility.
If you hold certifications such as 8(a), HUBZone, SDVOSB, or WOSB, you may be eligible for set-aside contracts under this NAICS code. These set-asides limit competition to certified small businesses, giving you a significant advantage in winning federal work.
FedOverwatch monitors SAM.gov daily and can automatically match you with new opportunities under NAICS 541214. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.
NAICS 541214 Market Intelligence
Based on 3 years of federal award data from USAspending.gov, the payroll services market has seen 124 contract awards totaling $75.0M in value. The median contract size is $50K, with approximately 3 new awards per month.
Total Awards (3yr)
124
Total Value
$75.0M
Median Contract
$50K
Competitors
24
Contract value distribution
51 small business awards ($28.3M total value,$75K median)
24 companies compete for NAICS 541214 contracts
See who's winning, their award values, and where you fit in the market
Explore CompetitorsSize Standards
The SBA establishes size standards for each NAICS code to define what qualifies as a "small business" for federal contracting purposes. For NAICS 541214 (Payroll Services), the size standard is based on either average annual receipts or number of employees, depending on the specific industry. Meeting the size standard for your primary NAICS code is required to qualify for small business set-aside contracts.
Visit the SBA Size Standards Table to find the current threshold for NAICS 541214.
Recent NAICS 541214 Opportunities
View all →No active opportunities found for NAICS 541214 right now.
Try searching all contracts →Frequently Asked Questions
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Set up your profile with your NAICS codes and certifications, and FedOverwatch will automatically match you with relevant payroll services opportunities as they're posted on SAM.gov.