Contract 16PBGC25P0064
U.S. Bancorp · Pension Benefit Guaranty Corporation · June 12, 2025
U.S. Bancorp was awarded a federal contract by Pension Benefit Guaranty Corporation on June 12, 2025 for $15,000 of work in financial transactions processing, reserve, and clearinghouse activities. Performance is in Minneapolis, MN. It was awarded under full and open competition. The contract has been modified 6 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on April 13, 2026. If all options are exercised, the contract could reach $43,000.
Contract details
- PIID
- 16PBGC25P0064
- Award type
- Purchase Order
- Pricing
- Firm Fixed Price
- Set-aside
- No Set Aside Used.
- Competition
- Competed Under Sap
- NAICS
- 522320 · Financial Transactions Processing, Reserve, And Clearinghouse Activities
- Product / service
- Support- Management: Financial
- Place of performance
- Minneapolis, MN
- First action
- June 12, 2025
- Latest action
- April 13, 2026
Description
THE PURPOSE OF THIS MODIFICATION IS TO IMPLEMENT EXECUTIVE ORDER 14173, "ENDING ILLEGAL DISCRIMINATION AND RESTORING MERIT-BASED OPPORTUNITY."
Modification timeline
-
April 13, 2026Mod P00006$0
-
April 12, 2026Mod P00005$0
-
March 2, 2026Mod P00004THE PURPOSE OF THIS MODIFICATION IS TO UPDATE THE SOW TO REMOVE PAPER CHECKS AS AN ACCEPTABLE FORM OF PAYMENT ACCEPTED BY THE LOCKBOX IAW EO 14247 TITLED "MODER$0
-
February 10, 2026Mod P00003THE PURPOSE OF THIS MODIFICATION IS EXERCISE OPTION PERIOD ONE.$8.8K
-
October 14, 2025Mod P00002THE PURPOSE OF THIS MODIFICATION IS TO CHANGE THE CONTRACTING OFFICER FROM MARY SKAGGS TO MARIUS MORGAN.$0
-
September 18, 2025Mod P00001RECOMPETE OF CONTRACT NUMBER 16PBGC20C0005 FOR LOCKBOX SERVICE FOR THE MISSING PARTICIPANTS PROGRAM. THE SERVICE SHOULD BE IN ACCORDANCE WITH THE CONTRACT TERMS$5.8K
-
June 12, 2025Base awardRECOMPETE OF CONTRACT NUMBER 16PBGC20C0005 FOR LOCKBOX SERVICE FOR THE MISSING PARTICIPANTS PROGRAM. THE SERVICE SHOULD BE IN ACCORDANCE WITH THE CONTRACT TERMS$0
Similar contracts
| Recipient | Agency | Date | Obligated |
|---|---|---|---|
| State Street Corporation | Pension Benefit Guaranty Corporation | June 16, 2011 | $0 |
| Benefit Services Unlimited Inc | Pension Benefit Guaranty Corporation | April 15, 2011 | $167 |
| Jpmorgan Chase Bank, National Association | Pension Benefit Guaranty Corporation | December 18, 2008 | $150.0K |
Top contractors in NAICS 522320
Lifetime obligated dollars across all federal contracts in this NAICS code.
| # | Contractor | Contracts | Obligated |
|---|---|---|---|
| 1 | International Business Machines Corporation | 48 | $803.82M |
| 2 | Bank Of New York Mellon (The) | 1 | $194.82M |
| 3 | F.H. Cann & Associates, Inc. | 5 | $136.89M |
| 4 | Edfinancial Services Llc | 5 | $127.16M |
| 5 | Commuter Check Services Corp. | 9 | $112.32M |
| 6 | State Street Corporation | 2 | $112.08M |
| 7 | Maximus Federal Services, Inc. | 6 | $77.30M |
| 8 | Missouri Higher Education Loan Authority | 5 | $76.05M |
| 9 | U.S. Bancorp | 230 | $68.85M |
| 10 | Dynaxys, Llc | 1 | $68.56M |
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Frequently asked questions
What is contract 16PBGC25P0064?
Contract 16PBGC25P0064 is a federal contract awarded to U.S. Bancorp by Pension Benefit Guaranty Corporation on June 12, 2025 for $15,000 of work classified under FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES. It has been modified 6 times since the base award.
Who won contract 16PBGC25P0064?
U.S. Bancorp won contract 16PBGC25P0064 from Pension Benefit Guaranty Corporation.
How much is contract 16PBGC25P0064 worth?
Contract 16PBGC25P0064 has obligated $15,000 to date, with a total potential value of $43,000 if all options are exercised.