This page summarizes Pension Benefit Guaranty Corporation procurement activity from the last 5 years, including 3,567 award actions and $1.65 billion in total obligations. It highlights the largest vendors, leading NAICS categories, and year-by-year obligated amounts to support FPDS analysis.
Federal Agency
PENSION BENEFIT GUARANTY CORPORATION Federal Contract Obligations (Last 5 Years)
FPDS procurement summary for the Pension Benefit Guaranty Corporation covering the last 5 years of obligated awards, vendors, NAICS activity, and annual trends.
Totals reflect the provided 5-year analysis window and may include award actions recorded under multiple vendors, NAICS codes, or fiscal years.
Agency ID
1665
Total Obligated
1.65 billion
1,654,740,425.50
Award Actions
3,567
Average Action Value
463,902.55
About PENSION BENEFIT GUARANTY CORPORATION federal contract activity
PENSION BENEFIT GUARANTY CORPORATION obligated 1.65 billion across 3,567 awards over the last 5 years, with an average award value of 463,902.55. The profile indicates a concentrated but active procurement base, spanning a mix of investment, portfolio management, technology, consulting, and pension-administration services.
Vendor concentration and leading contractors
SERCO INC. led obligations at 234.42 million across 49 awards, followed by SCIENCE APPLICATIONS INTERNATIONAL CORPORATION at 108.59 million across 72 awards and DELOITTE & TOUCHE LLP at 102.34 million across 109 awards. SALIENT CRGT, INC. and STATE STREET CORPORATION also appear among the top recipients, indicating reliance on a small set of high-value contractors across operational, advisory, and financial service categories.
Industry profile based on NAICS activity
The largest obligation by NAICS was 523920 Portfolio Management at 382.25 million, followed by 541519 Other Computer Related Services at 325.14 million and 541611 Administrative Management and General Management Consulting Services at 259.74 million. Obligations also flowed materially to 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds and 523110 Investment Banking and Securities Dealing, reflecting PBGC’s financial, administrative, and systems support needs.
Annual contract trend over the analysis window
Annual obligations peaked in 2022 at 374.64 million and remained elevated in 2023 at 361.00 million before declining to 289.04 million in 2024 and 259.97 million in 2025. Award counts followed the same general pattern, falling from 857 in 2021 to 492 in 2025, suggesting a downward shift in procurement volume after the 2021-2023 high point.
How to interpret this page
This summary is based on FPDS-observed obligations and award counts for PENSION BENEFIT GUARANTY CORPORATION, Agency ID 1665, over the last 5 years. Top vendors, NAICS categories, and annual totals are ranked by total obligated amount; values are reported as provided and rounded for readability without inferring contract scope beyond the supplied data.
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 5 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. | 234,418,212.87 | 234.42 million | 49 |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION | 108,592,051.37 | 108.59 million | 72 |
| DELOITTE & TOUCHE LLP | 102,335,599.65 | 102.34 million | 109 |
| SALIENT CRGT, INC. | 100,124,876.73 | 100.12 million | 81 |
| STATE STREET CORPORATION | 60,447,305.84 | 60.45 million | 48 |
| DELOITTE CONSULTING LLP | 58,787,101.26 | 58.79 million | 136 |
| NISA INVESTMENT ADVISORS LLC | 58,094,422.43 | 58.09 million | 23 |
| WELLINGTON MANAGEMENT COMPANY LLP | 57,617,258.91 | 57.62 million | 38 |
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 54,270,092.02 | 54.27 million | 21 |
| PRUDENTIAL INVESTMENT MANAGEMENT, INC. | 48,938,349.04 | 48.94 million | 19 |
Insight
Over the last 5 years, PBGC obligated $1.65 billion across 3,567 awards, with an average award value of $463,902.55. Top vendor spending is moderately concentrated: SERCO INC. leads at $234.42 million, while the next nine vendors each received roughly $48.94 million to $108.59 million, indicating a broad mix of recurring service and advisory contractors rather than dependence on a single source. The top 10 vendors include multiple Deloitte entities and several investment management firms, suggesting a portfolio of professional, IT, and financial services obligations spread across a limited set of repeat vendors.
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 5 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 | 382,245,903.75 | 382.25 million | 381 |
| 541519 | OTHER COMPUTER RELATED SERVICES | 325,142,219.50 | 325.14 million | 617 |
| 541611 | ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES | 259,741,219.76 | 259.74 million | 624 |
| 524292 | PHARMACY BENEFIT MANAGEMENT AND OTHER THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS | 148,491,529.72 | 148.49 million | 198 |
| 523110 | INVESTMENT BANKING AND SECURITIES DEALING | 106,174,457.99 | 106.17 million | 91 |
| 541330 | ENGINEERING SERVICES | 105,801,667.69 | 105.80 million | 35 |
| 541612 | HUMAN RESOURCES CONSULTING SERVICES (2007), HUMAN RESOURCES AND EXECUTIVE SEARCH CONSULTING SERVICES (2002) | 45,654,231.71 | 45.65 million | 332 |
| 541214 | PAYROLL SERVICES | 45,227,588.94 | 45.23 million | 20 |
| 541512 | COMPUTER SYSTEMS DESIGN SERVICES | 33,597,532.05 | 33.60 million | 127 |
| 511210 | SOFTWARE PUBLISHERS | 31,292,910.16 | 31.29 million | 119 |
Insight
Over the last 5 years, PBGC obligated $1.65 billion across 3,567 awards, with spending concentrated in a small set of NAICS categories. Portfolio Management (523920) is the largest category at $382.25 million, followed by Other Computer Related Services (541519) at $325.14 million and Administrative Management and General Management Consulting Services (541611) at $259.74 million; these three categories account for a substantial share of total obligations. The remaining top NAICS codes are more distributed, with smaller but still significant obligations across insurance/pension administration, investment banking, engineering, human resources consulting, payroll, computer systems design, and software publishing.
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 5 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 |
| 2024 | 289,037,938.06 | 289.04 million | 695 |
| 2023 | 360,999,853.91 | 361.00 million | 719 |
| 2022 | 374,639,992.54 | 374.64 million | 804 |
| 2021 | 370,092,887.55 | 370.09 million | 857 |
Insight
Over the last 5 years, the Pension Benefit Guaranty Corporation obligated $1.65 billion across 3,567 awards, averaging $463.9 thousand per award. Annual obligations were highest in 2021-2022 at about $370.1 million to $374.6 million, then declined each year to $361.0 million in 2023, $289.0 million in 2024, and $260.0 million in 2025. Award counts also trended downward from 857 in 2021 to 492 in 2025, indicating a contraction in both procurement volume and obligated dollars over the period.
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