Contracting office · Pension Benefit Guaranty Corporation

PENSION BENEFIT GUARANTY CORP

PENSION BENEFIT GUARANTY CORP obligated $236.5M on federal contracts in FY2026 across 804 contract actions (−19% vs FY2025). Its largest recipient was SERCO INC ($40.7M).

Obligations · FY2026
$236.5M
Actions
804
New awards: 40
Sole-source
15%
Small business
—
Open in the contracts explorerFederal contracts

Spending by fiscal year

Obligations per federal fiscal year (October–September).

  1. 305.1MFY2017
  2. 310MFY2018
  3. 337.8MFY2019
  4. 359.2MFY2020
  5. 375.8MFY2021
  6. 394.4MFY2022
  7. 344.2MFY2023
  8. 309.3MFY2024
  9. 291.6MFY2025
  10. 236.5MFY2026
  11. 0FY2027

Top recipients

Obligations in FY2026.

  1. SERCO INC$40.7M17%
  2. SALIENT CRGT, INC.$18.7M7.9%
  3. DELOITTE & TOUCHE LLP$14.8M6.3%
  4. STATE STREET CORPORATION$14.4M6.1%
  5. PACIFIC INVESTMENT MANAGEMENT COMPANY LLC$13.5M5.7%
  6. DELOITTE CONSULTING LLP$13.5M5.7%
  7. ARROWSTREET CAPITAL LP$12.3M5.2%
  8. PGIM, INC.$10.6M4.5%
  9. WELLINGTON MANAGEMENT COMPANY LLP$9.8M4.2%
  10. NISA INVESTMENT ADVISORS LLC$6.9M2.9%

What was bought · Where the work was performed

Obligations in FY2026.

What was bought

  1. Professional services$212.8M90%
  2. IT & telecom$19.5M8.2%
  3. Transportation & logistics$2M0.8%
  4. Equipment maintenance$1.9M0.8%
  5. Construction & real property$206.7K0.1%
  6. Other equipment & supplies$110.2K0.0%

Where the work was performed

  1. District of Columbia$92.9M39%
  2. Virginia$60.9M26%
  3. Massachusetts$32.8M14%
  4. California$19.7M8.3%
  5. Missouri$6.9M2.9%
  6. New Jersey$6M2.5%
  7. Washington$4.3M1.8%
  8. Maryland$3.7M1.6%
  9. Abroad$2.7M1.1%
  10. Connecticut$2.3M1.0%

Integrity signals

Shares of the year's obligations, next to the country's.

  • Low competition49%
    US 39% · $115.9M
  • Sole-source awards15%
    US 30% · $36.3M
  • Single-offer competitions34%
    US 8.7% · $79.5M
  • Urgency justifications0.0%
    US 5.1% · $0
  • Year-end rush14%
    US 6.0% · $32.4M
  • Undefinitized contracts0.0%
    US 5.0% · $0
  • Time-and-materials pricing12%
    US 4.2% · $28.9M

A signal is a reason to look closer, not evidence of wrongdoing: most sole-source awards are lawful and justified.

Largest awards

  1. THIS TO IS TO IMPROVE CUSTOMER SERVICE SCORES REPORTED BY A 3RD-PARTY VENDOR WHO COMPLETES A QUARTERLY PARTICIPANT CALLER SURVEY. PSD SEEKS TO IMPROVE CX BY REDUCING THE NUMBER OF CONTACTS & PAPER FORMS CUSTOMERS COMPLETE TO FULFILL REQUESTS.$136.5M
    SERCO INC· Fairfax County, VA· Professional services· Jun 14, 2024 – Sep 22, 2026· 16PBGC24F0050
  2. PORTFOLIO MANAGEMENT SERVICES$117.6M
    PGIM, INC.· Essex County, NJ· Professional services· Oct 20, 2016 – May 19, 2026· PBGC01CT160015
  3. PORTFOLIO MANAGEMENT SERVICES$112.4M
    PACIFIC INVESTMENT MANAGEMENT COMPANY LLC· Orange County, CA· Professional services· Oct 20, 2016 – May 13, 2026· PBGC01CT160020
  4. PORTFOLIO MANAGEMENT SERVICES$89.2M
    WELLINGTON MANAGEMENT COMPANY LLP· Suffolk County, MA· Professional services· Oct 20, 2016 – Jul 13, 2026· PBGC01CT160019
  5. LDI FIXED INCOME INVESTMENT MANAGEMENT SERVICES$83.9M
    NISA INVESTMENT ADVISORS LLC· St. Louis County, MO· Professional services· Dec 19, 2017 – Jul 21, 2026· 16PBGC18C0006
  6. INVESTMENT MANAGEMENT SERVICES$65.1M
    ARROWSTREET CAPITAL LP· Suffolk County, MA· Professional services· Mar 30, 2017 – Aug 18, 2026· PBGC01CT170029
  7. PORTFOLIO MANAGEMENT SERVICES$44.3M
    TCW ASSET MANAGEMENT COMPANY LLC· Los Angeles County, CA· Professional services· Oct 20, 2016 – Sep 29, 2026· PBGC01CT160022
  8. PRIMARY PAYING AGENT SERVICES$40.9M
    STATE STREET CORPORATION· Suffolk County, MA· Professional services· Mar 30, 2023 – Sep 8, 2026· 16PBGC23C0008

Committees that oversee and fund it

Congressional committees whose jurisdiction includes this agency, and the appropriations subcommittees that write its spending bill (Analisa's reading of the House and Senate rules; committees share jurisdiction). Leaders as currently published.

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Source: Federal contract transactions (Federal Procurement Data System) (U.S. Department of the Treasury, USAspending.gov), data current to Oct 9, 2026, loaded Oct 9, 2026.