Contract 16PBGC25C0057

State Street Corporation · Pension Benefit Guaranty Corporation · March 31, 2025

Firm Fixed PriceFull & Open CompetitionNAICS 523991

State Street Corporation was awarded a federal contract by Pension Benefit Guaranty Corporation on March 31, 2025 for $6.86 million of work in trust, fiduciary, and custody activities. Performance is in Washington, DC. It was awarded under full and open competition. The contract has been modified 8 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 $33.03 million.

Obligated to date
$6.86M
$6,862,028
Current value
$6.86M
Potential value
$33.03M
if all options exercised
Modifications
8
Latest April 14, 2026

Contract details

PIID
16PBGC25C0057
Award type
Definitive Contract
Pricing
Firm Fixed Price
Set-aside
No Set Aside Used.
Competition
Full And Open Competition
NAICS
523991 · Trust, Fiduciary, And Custody Activities
Product / service
Support- Management: Accounting
Place of performance
Washington, DC
First action
March 31, 2025
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, 2026
    Mod P00008
    $0
  • April 10, 2026
    Mod P00007
    $0
  • March 25, 2026
    Mod P00006
    THE PURPOSE OF THIS MODIFICATION IS EXERCISE OPTION PERIOD ONE.
    $3.11M
  • March 9, 2026
    Mod P00005
    THE PURPOSE OF THIS MODIFICATION IS TO INCORPORATE ADDITIONAL COUNTRIES TO THE INTERNATIONAL HOLDINGS ASSOCIATED WITH ASSET-BASED FEE AND GLOBAL TRADES ASSOCIAT
    $0
  • September 17, 2025
    Mod P00004
    THE PURPOSE OF THIS MODIFICATION IS TO OBLIGATE REMAINING FY25 FUNDS.
    $634.0K
  • August 19, 2025
    Mod P00003
    THE PURPOSE OF THIS ADMINISTRATIVE MODIFICATION IS TO UPDATE THE CONTRACTING OFFICER'S REPRESENTATIVE IN THE CONTRACT WRITING SYSTEM.
    $0
  • July 24, 2025
    Mod P00002
    SEE SF30 BLOCK 14.
    $0
  • June 25, 2025
    Mod P00001
    THE CONTRACT WILL PROVIDE GLOBAL MASTER CUSTODY SERVICES FOR THE SAFEKEEPING AND ASSET SERVICING OF PLAN ASSETS. GLOBAL CUSTODY SERVICES INCLUDE SETTLEMENT, SAF
    $0
  • March 31, 2025
    Base award
    THE CONTRACT WILL PROVIDE GLOBAL MASTER CUSTODY SERVICES FOR THE SAFEKEEPING AND ASSET SERVICING OF PLAN ASSETS. GLOBAL CUSTODY SERVICES INCLUDE SETTLEMENT, SAF
    $3.11M

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Frequently asked questions

What is contract 16PBGC25C0057?

Contract 16PBGC25C0057 is a federal contract awarded to State Street Corporation by Pension Benefit Guaranty Corporation on March 31, 2025 for $6.86 million of work classified under TRUST, FIDUCIARY, AND CUSTODY ACTIVITIES. It has been modified 8 times since the base award.

Who won contract 16PBGC25C0057?

State Street Corporation won contract 16PBGC25C0057 from Pension Benefit Guaranty Corporation.

How much is contract 16PBGC25C0057 worth?

Contract 16PBGC25C0057 has obligated $6.86 million to date, with a total potential value of $33.03 million if all options are exercised.