The Pension Benefit Guaranty Corporation recorded 492 award actions in 2025 with total obligations of $259,969,753.44, or $259.97 million. Spending was concentrated in portfolio management, engineering services, consulting, and computer-related services, with SERCO Inc. and Deloitte & Touche LLP among the largest vendors.
Federal Agency
PENSION BENEFIT GUARANTY CORPORATION Federal Contract Obligations (Last Year)
Last full year FPDS procurement profile for the Pension Benefit Guaranty Corporation, showing $259.97 million obligated across 492 award actions in 2025.
Figures reflect the last full year analysis window and are based on the provided FPDS obligations and award counts for agency ID 1665.
Agency ID
1665
Total Obligated
259.97 million
259,969,753.44
Award Actions
492
Average Action Value
528,393.80
About PENSION BENEFIT GUARANTY CORPORATION federal contract activity
During the last full year, the PENSION BENEFIT GUARANTY CORPORATION obligated 259.97 million across 492 awards, for an average award value of 528,393.8. Spending was concentrated in a relatively small set of contracts and services, reflecting a mix of investment management, advisory, engineering, and IT-related support.
Vendor concentration and leading contractors
SERCO INC. was the largest vendor by obligation at 47.79 million across 2 awards, followed by DELOITTE & TOUCHE LLP at 24.17 million across 24 awards and SALIENT CRGT, INC. at 16.64 million across 13 awards. STATE STREET CORPORATION and PACIFIC INVESTMENT MANAGEMENT COMPANY LLC also ranked among the top recipients, indicating that a limited group of firms accounted for a meaningful share of total obligations.
Industry profile based on NAICS activity
The largest NAICS category was 523920 PORTFOLIO MANAGEMENT at 63.24 million across 39 awards, followed by 541330 ENGINEERING SERVICES at 49.75 million across 7 awards. Other major categories included 541611 ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES, 541519 OTHER COMPUTER RELATED SERVICES, and 523110 INVESTMENT BANKING AND SECURITIES DEALING, showing that PBGC’s obligations were weighted toward investment, consulting, engineering, and technology services.
Annual contract trend over the analysis window
The annual trend data provided covers 2025, which matches the last full year analysis window, and shows 259.97 million in total obligations across 492 awards. With only one year in the window, this view establishes the current baseline but does not support a multi-year comparison or directional trend analysis.
How to interpret this page
This summary is based on FPDS Query obligation data for agency ID 1665 over the last full year. Totals, award counts, vendor rankings, and NAICS rankings reflect obligations recorded in the dataset; no additional normalization, inflation adjustment, or contract-level reconciliation was applied.
Top Vendors
SELECT
vendor_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__vendor__vendorHeader__vendorName AS vendor_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__purchaserInformation__contractingOfficeAgencyID = '1665'
AND content__award__vendor__vendorHeader__vendorName IS NOT NULL
AND content__award__vendor__vendorHeader__vendorName != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY vendor_name
)
ORDER BY total_obligated DESC
LIMIT 10| Vendor | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| SERCO INC. | 47,789,730.44 | 47.79 million | 2 |
| DELOITTE & TOUCHE LLP | 24,169,129.39 | 24.17 million | 24 |
| SALIENT CRGT, INC. | 16,641,007.70 | 16.64 million | 13 |
| STATE STREET CORPORATION | 14,188,913.56 | 14.19 million | 12 |
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 10,540,000.00 | 10.54 million | 2 |
| NISA INVESTMENT ADVISORS LLC | 10,500,000.00 | 10.50 million | 1 |
| ARROWSTREET CAPITAL LTD PARTNERSHIP | 9,800,000.00 | 9.80 million | 2 |
| PRUDENTIAL INVESTMENT MANAGEMENT, INC. | 8,900,000.00 | 8.90 million | 3 |
| WELLINGTON MANAGEMENT COMPANY LLP | 7,800,000.00 | 7.80 million | 4 |
| WELLS CAPITAL MANAGEMENT INCORPORATED | 7,400,000.00 | 7.40 million | 3 |
Insight
In the last full year, PBGC obligated $259.97 million across 492 awards, with activity concentrated among a small number of vendors. SERCO INC. was the largest recipient at $47.79 million across 2 awards, followed by DELOITTE & TOUCHE LLP at $24.17 million across 24 awards and SALIENT CRGT, INC. at $16.64 million across 13 awards. The remaining top vendors each received between $7.40 million and $14.19 million, indicating a broad distribution of obligations after the leading awardees, with several high-dollar vendors supported by relatively few awards.
Top NAICS
SELECT
naics_code,
naics_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__productOrServiceInformation__principalNAICSCode AS naics_code,
anyHeavy(content__award__productOrServiceInformation__principalNAICSCode__description) AS naics_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__purchaserInformation__contractingOfficeAgencyID = '1665'
AND content__award__productOrServiceInformation__principalNAICSCode IS NOT NULL
AND content__award__productOrServiceInformation__principalNAICSCode != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY naics_code
)
ORDER BY total_obligated DESC
LIMIT 10| NAICS Code | Description | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 523920 | PORTFOLIO MANAGEMENT | 63,240,384.25 | 63.24 million | 39 |
| 541330 | ENGINEERING SERVICES | 49,747,193.07 | 49.75 million | 7 |
| 541611 | ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES | 40,231,370.14 | 40.23 million | 106 |
| 541519 | OTHER COMPUTER RELATED SERVICES | 36,186,045.55 | 36.19 million | 81 |
| 523110 | INVESTMENT BANKING AND SECURITIES DEALING | 18,575,326.14 | 18.58 million | 8 |
| 541214 | PAYROLL SERVICES | 10,308,012.00 | 10.31 million | 4 |
| 511210 | SOFTWARE PUBLISHERS | 6,856,174.36 | 6.86 million | 11 |
| 523940 | PORTFOLIO MANAGEMENT AND INVESTMENT ADVICE | 6,423,817.27 | 6.42 million | 11 |
| 541219 | OTHER ACCOUNTING SERVICES | 6,197,291.38 | 6.20 million | 11 |
| 523991 | TRUST, FIDUCIARY, AND CUSTODY ACTIVITIES | 3,783,181.09 | 3.78 million | 15 |
Insight
For the last full year, PENSION BENEFIT GUARANTY CORPORATION obligated $259.97 million across 492 awards, with spending concentrated in a small set of financial and professional services NAICS codes. The largest shares went to 523920 Portfolio Management ($63.24 million), 541330 Engineering Services ($49.75 million), 541611 Administrative Management and General Management Consulting Services ($40.23 million), and 541519 Other Computer Related Services ($36.19 million). These four categories account for about 73 percent of total obligations, indicating a relatively concentrated spending profile, while the remaining top NAICS are materially smaller and more fragmented.
Annual Trend
SELECT
year,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__purchaserInformation__contractingOfficeAgencyID = '1665'
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY year
)
ORDER BY year DESC| Year | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| 2025 | 259,969,753.44 | 259.97 million | 492 |
Insight
For the last full year, the Pension Benefit Guaranty Corporation obligated $259.97 million across 492 awards, for an average award value of about $528.4 thousand. With only one year of data in this 1-year window, no year-over-year trend can be assessed; the available view reflects the agency’s current annual obligation level and award distribution.
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