What was the dollar value of contract PBGC01CT170027?

The total obligated amount for contract PBGC01CT170027 is $29,693,784.

When was contract PBGC01CT170027 awarded?

Contract PBGC01CT170027 was first awarded on March 30, 2017.

What NAICS code does contract PBGC01CT170027 fall under?

Contract PBGC01CT170027 is classified under NAICS code 523920.

What agency awarded contract PBGC01CT170027?

Contract PBGC01CT170027 was awarded by Pension Benefit Guaranty Corporation.

Contract PBGC01CT170027

Name: Contract PBGC01CT170027 — federal award record
Creator: BesaGov
License: https://www.usa.gov/government-works

Neuberger Berman Investment Advisers Llc · Pension Benefit Guaranty Corporation · March 30, 2017

Firm Fixed PriceFull & Open CompetitionNAICS 523920

Neuberger Berman Investment Advisers Llc was awarded a federal contract by Pension Benefit Guaranty Corporation on March 30, 2017 for $29.69 million of work in portfolio management. Performance is in Washington, DC. It was awarded under full and open competition. The contract has been modified 26 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on April 13, 2026.

Obligated to date

$29.69M

$29,693,784

Current value

$30.14M

Potential value

$34.55M

if all options exercised

Modifications

Latest April 13, 2026

Contract details

PIID: PBGC01CT170027
Award type: Definitive Contract
Pricing: Firm Fixed Price
Set-aside: No Set Aside Used.
Competition: Full And Open Competition
NAICS: 523920 · Portfolio Management
Product / service: Support- Management: Financial
Place of performance: Washington, DC
First action: March 30, 2017
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, 2026

Mod P00027

$0
April 10, 2026

Mod P00026

$0
March 2, 2026

Mod P00025
THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OPTION PERIOD 9 (MARCH 31, 2026 - MARCH 30, 2027) AND OBLIGATE FUNDING IN THE AMOUNT OF $3,500,000.

$3.50M
January 20, 2026

Mod P00024
THE PURPOSE OF THIS MODIFICATION IS TO DE-OBLIGATE EXPIRED FY23 AND FY24 FUNDS.

$-1.38M
September 17, 2025

Mod P00023
ADDITIONAL FUNDING FOR MANAGEMENT FEES

$200.0K

February 25, 2025

Mod P00022
EXERCISE OPTION PERIOD 8

$2.70M
July 11, 2024

Mod P00021
DEOBLIGATION OF FY22 FUNDS FROM OPTION PERIOD 5

$-978.9K
March 20, 2024

Mod P00020
THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OP7, ADD FUNDING,, INCORPORATE NEW CLAUSES TO THE CONTRACT.

$3.00M
April 6, 2023

Mod P00019
ASSET MANAGEMENT SERVICES

$-1.13M
March 20, 2023

Mod P00018
ASSET MANAGEMENT

$3.00M

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Recipient	Agency	Date	Obligated
Arrowstreet Capital Lp	Pension Benefit Guaranty Corporation	March 31, 2026	$63.99M
Wellington Management Company Llp	Pension Benefit Guaranty Corporation	March 12, 2026	$89.47M
Allspring Global Investments, Llc	Pension Benefit Guaranty Corporation	March 12, 2026	$32.32M
Pgim, Inc.	Pension Benefit Guaranty Corporation	March 12, 2026	$117.60M
Tcw Asset Management Company Llc	Pension Benefit Guaranty Corporation	March 9, 2026	$45.12M
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Top contractors in NAICS 523920

Lifetime obligated dollars across all federal contracts in this NAICS code.

#	Contractor	Contracts	Obligated
1	Pacific Investment Management Company Llc	3	$146.05M
2	Pgim, Inc.	2	$135.45M
3	Wellington Management Company Llp	1	$89.47M
4	Blackrock Institutional Trust Company National Association	3	$72.33M
5	Marathon Asset Management Llp	2	$71.42M
6	Arrowstreet Capital Lp	1	$63.99M
7	Goldman Sachs Asset Management, L.P	2	$58.14M
8	Western Asset Management Co, Llc	2	$55.17M
9	Neuberger Berman Investment Advisers Llc	3	$55.00M
10	Tcw Asset Management Company Llc	1	$45.12M

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Frequently asked questions

What is contract PBGC01CT170027?

Contract PBGC01CT170027 is a federal contract awarded to Neuberger Berman Investment Advisers Llc by Pension Benefit Guaranty Corporation on March 30, 2017 for $29.69 million of work classified under PORTFOLIO MANAGEMENT. It has been modified 26 times since the base award.

Who won contract PBGC01CT170027?

Neuberger Berman Investment Advisers Llc won contract PBGC01CT170027 from Pension Benefit Guaranty Corporation.

How much is contract PBGC01CT170027 worth?

Contract PBGC01CT170027 has obligated $29.69 million to date, with a total potential value of $34.55 million if all options are exercised.