Contract 16PBGC23C0008
State Street Corporation · Pension Benefit Guaranty Corporation · March 30, 2023
State Street Corporation was awarded a federal contract by Pension Benefit Guaranty Corporation on March 30, 2023 for $40.94 million of work in payroll services. Performance is in Boston, MA. It was awarded under full and open competition. The contract has been modified 11 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on April 14, 2026. If all options are exercised, the contract could reach $106.94 million.
Contract details
- PIID
- 16PBGC23C0008
- Award type
- Definitive Contract
- Pricing
- Firm Fixed Price
- Set-aside
- No Set Aside Used.
- Competition
- Full And Open Competition
- NAICS
- 541214 · Payroll Services
- Product / service
- Support- Professional: Other
- Place of performance
- Boston, MA
- First action
- March 30, 2023
- Latest action
- April 14, 2026
Description
THE PURPOSE OF THIS MODIFICATION IS TO IMPLEMENT EXECUTIVE ORDER 14173, "ENDING ILLEGAL DISCRIMINATION AND RESTORING MERIT-BASED OPPORTUNITY."
Modification timeline
-
April 14, 2026Mod P00011$0
-
March 23, 2026Mod P00010THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND OPTION PERIOD 3 FROM APRIL 1, 2026 THROUGH MARCH 31, 2027.$10.44M
-
March 19, 2026Mod P00009THE PURPOSE OF THIS MODIFICATION IS TO INCREASE THE CEILING FOR OPTION PERIOD 2 AND TO ADD $27,960 IN FUNDING TO SUPPORT THE TAX EQUITY AND FISCAL RESPONSIBILIT$28.0K
-
July 28, 2025Mod P00008THE PURPOSE OF THIS MODIFICATION IS TO CORRECT FUNDING INCONSISTENCIES RELATED UNIT OF MEASURE ISSUES IN AMS.$10.31M
-
July 2, 2025Mod P00007THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDS FOR OPTION PERIOD 2 OF THE CONTRACT FOR MAILING THE INTERNAL REVENUE SERVICE (IRS) MANDATED TAX EQUITY AND FISC$-10.31M
-
June 17, 2025Mod P00006THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDS FOR OPTION PERIOD 2 OF THE CONTRACT FOR MAILING THE INTERNAL REVENUE SERVICE (IRS) MANDATED TAX EQUITY AND FISC$24.3K
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March 13, 2025Mod P00005THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND OPTION PERIOD 2 FROM APRIL 1, 2025 TO MARCH 31, 2026 IN THE AMOUNT OF $10,283,760.$10.28M
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March 31, 2024Mod P00004THE PURPOSE OF THIS MODIFICATION IS TO FULLY FUND AND EXERCISE OPTION PERIOD ONE.$10.13M
-
March 29, 2024Mod P00003THE PURPOSE OF THIS MODIFICATION IS TO FUNDING AND TO ADD THE IPP CLAUSE TO THE CONTRACT.$27.4K
-
February 20, 2024Mod P00002ADD MANDATORY CLAUSE TO PRIMARY PAYING AGENT REQUIREMENT.$0
Similar contracts
| Recipient | Agency | Date | Obligated |
|---|---|---|---|
| State Street Corporation | Pension Benefit Guaranty Corporation | September 12, 2024 | $51.64M |
| Gmg Management Consulting Inc. | Pension Benefit Guaranty Corporation | August 16, 2011 | $0 |
| Adp Benefit Services Ky, Inc. | Pension Benefit Guaranty Corporation | September 25, 2008 | $1.2K |
Top contractors in NAICS 541214
Lifetime obligated dollars across all federal contracts in this NAICS code.
| # | Contractor | Contracts | Obligated |
|---|---|---|---|
| 1 | Fci Enterprises Llc | 54 | $122.84M |
| 2 | State Street Corporation | 2 | $92.58M |
| 3 | Michaelson Connor & Boul | 3 | $89.50M |
| 4 | Lyceum Business Services, Llc | 4 | $57.88M |
| 5 | Mbo Partners Inc | 293 | $34.61M |
| 6 | Fm Talent Source, Llc | 107 | $33.12M |
| 7 | Wageworks, Inc. | 1 | $12.44M |
| 8 | Sowing Seeds Of Success, Inc | 4 | $12.03M |
| 9 | Elitebco Llc | 2 | $11.73M |
| 10 | Target Media-Mid Atlantic Inc | 39 | $9.54M |
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Frequently asked questions
What is contract 16PBGC23C0008?
Contract 16PBGC23C0008 is a federal contract awarded to State Street Corporation by Pension Benefit Guaranty Corporation on March 30, 2023 for $40.94 million of work classified under PAYROLL SERVICES. It has been modified 11 times since the base award.
Who won contract 16PBGC23C0008?
State Street Corporation won contract 16PBGC23C0008 from Pension Benefit Guaranty Corporation.
How much is contract 16PBGC23C0008 worth?
Contract 16PBGC23C0008 has obligated $40.94 million to date, with a total potential value of $106.94 million if all options are exercised.