NU Online News Service, March 19, 2003, 11:13 a.m. EST – SHPS Inc., Louisville, Ky., has won a contract from the U.S. Office of Personnel Management to administer a flexible spending account program for 1.8 million federal employees starting this summer.

SHPS will administer dependent care FSA accounts as well as health care FSA accounts, the company says.

SHPS has been administering a separate FSA program for federal judiciary employees for five years.