Agencies · awarding agency 1602 · PBGC

Pension Benefit Guaranty Corporation

Share of this agency’s prime contract dollars that it coded “not competed”, by fiscal year, from USAspending’s agency totals.

FY2024

3.9%

of contract dollars were not competed: $12.2M of $309M

USAspendingas of Oct 3

FY2025

7.3%

of contract dollars were not competed: $21.4M of $292M

USAspendingas of Oct 3

FY2026

15.5%

of contract dollars were not competed: $37.3M of $241M

USAspendingas of Oct 3

Source: USAspending.govCoverage: Agency contract totals FY2024–FY2026 · Contract awards FY2024–FY2026Updated: Oct 3, 2026, 6:55 PM ETMethodology →

Contract dollars by fiscal year

All prime contract obligations of the agency, split by the agency's competition code. Every figure is from USAspending's agency totals.

Contract obligations, non-competed and competed, by fiscal year
Fiscal year	All contract obligations	Not competed	Competed	Share not competed
FY2024Oct 1 – Sep 30, 2024	$309M	$12.2M	$297M	3.9%
FY2025Oct 1 – Sep 30, 2025	$292M	$21.4M	$270M	7.3%
FY2026Oct 1 – Sep 30, 2026	$241M	$37.3M	$204M	15.5%

Source: USAspending.gov agency totals, prime contract types A–D, by contract-action date; fetched Oct 3, 2026. “Not competed” = extent-competed code not available for competition, not competed, not competed under simplified acquisition, or non-competitive delivery order. Orders placed under a competed contract keep its code, so they count as competed.

Largest non-competed awards in our records

A look at the biggest individual awards behind the share. These rows do not add up to the totals above.

Largest non-competed awards from Pension Benefit Guaranty Corporation, FY2024–26 (obligated to date)
					Source
16PBGC25C0004THIS IS A BRIDGE CONTRACT IN REPLACEMENT OF 16PBGC20T002 (TO1) OF THE ITIOSS CONTRACT THAT EXPIRES ON DECEMBER 31, 2024. THIS SHORT-TERM CONTRACT IS IN PLACE WHILE THE LONG-TERM RECOMPETE IS COMPLETED. IGCE AMOUNTS: $20,671,276.82 PROGRAM OFFIC	SCIENCE APPLICATIONS INTERNATIONAL CORPORATION	Dec 26, 2024FY2025	Not competedOnly one source-other (FAR 6.302-1 other)	$11,085,863	USAspending
16PBGC26P0010PACIFIC INVESTMENT MANAGEMENT COMPANY LLC. - (PBGC01CT160020) BRIDGE	PACIFIC INVESTMENT MANAGEMENT COMPANY LLC	Sep 25, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$5,500,000	USAspending
16PBGC24C0031TRUSTED ACCOUNTING SYSTEM APPLICATION SUPPORT	EAGLE INVESTMENT SYSTEMS LLC	Nov 28, 2023FY2024	Not competedOnly one source-other (FAR 6.302-1 other)	$4,971,516	USAspending
16PBGC26P0011PGIM, INC. - (PBGC01CT160015) BRIDGE	PGIM, INC.	Sep 25, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$4,600,000	USAspending
16PBGC26P0008WELLINGTON MANAGEMENT COMPANY LLP - (PBGC01CT160019) BRIDGE	WELLINGTON MANAGEMENT COMPANY LLP	Sep 25, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$3,200,000	USAspending
16PBGC24C0040INVESTMENT MANAGEMENT	COLCHESTER GLOBAL INVESTORS LIMITED	Jan 24, 2024FY2024	Not competedFollow-on contract (FAR 6.302-1(a)(2)(ii/iii))	$3,163,817	USAspending
16PBGC26C0006EMERGING MARKETS EQUITY BRIDGE CONTRACT	AQR CAPITAL MANAGEMENT LLC	Mar 27, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$3,000,000	USAspending
16PBGC26C0004EMERGING MARKETS EQUITY BRIDGE CONTRACT	LOS ANGELES CAPITAL MANAGEMENT LLC	Mar 27, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$3,000,000	USAspending
16PBGC24P0015THIS AWARD IS MADE TO THE WASHINGTON METROPOLITAN TRANSIT AUTHORITY (WMATA) TO PROVIDE ACCESS TO THE WMATA AUTOMATED SMART BENEFITS SYSTEM.	WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY	Apr 22, 2024FY2024	Not competedOnly one source-other (FAR 6.302-1 other)	$2,750,407	USAspending
16PBGC26P0012ALLSPRING GLOBAL - (PBGC01CT160023) BRIDGE	ALLSPRING GLOBAL INVESTMENTS, LLC	Sep 25, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$2,550,000	USAspending
16PBGC26P0009GOLDMAN SACHS ASSET MANAGEMENT, LP - (PBGC01CT160016) BRIDGE	GOLDMAN SACHS ASSET MANAGEMENT, L.P	Sep 25, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$2,400,000	USAspending
16PBGC26C0003EMERGING MARKETS EQUITY BRIDGE CONTRACT	SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC	Mar 27, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$2,213,650	USAspending
16PBGC25C0001BLOOMBERG ANYWHERE-PBGC ENCOUNTERED A FUNDING OBLIGATION ISSUE ON CONTRACT 16PBGC24C0048. TO CORRECT THIS ISSUE, PBGC PERFORMED A CORRECTIVE ACTION CHANGING THE CONTRACT FROM 16PBGC24C0048 TO 16PBGC25C0001.	BLOOMBERG FINANCE LP	Oct 21, 2024FY2025	Not competedOnly one source-other (FAR 6.302-1 other)	$1,501,556	USAspending
16PBGC25C0064THIS CONTRACT SHALL PROVIDE TECHNICAL AND PROCESSING DATA-RELATED SERVICES, AND ADMINISTRATIVE SUPPORT TO THE PBGC HEADQUARTER STAFF IN WASHINGTON, D.C. AND TO THE ACTUARIAL AND BENEFIT ADMINISTRATION CONTRACTOR OFFICES LOCATED THROUGHOUT THE UNITED	CLJ CONSULTING & CONTRACTING LLC	Aug 27, 2025FY2025	Not competed under SAPSAP non-competition (FAR 13)	$1,330,776	USAspending
16PBGC26C0005EMERGING MARKETS EQUITY BRIDGE CONTRACT	NINETY ONE NORTH AMERICA, INC.	Mar 27, 2026FY2026	Not competedOnly one source-other (FAR 6.302-1 other)	$1,214,286	USAspending
16PBGC25P0065BLOOMBERG LAW	BLOOMBERG INDUSTRY GROUP, INC.	Sep 25, 2025FY2025	Not competedUnique source (FAR 6.302-1(b)(1))	$1,160,668	USAspending

Largest non-competed awards from Pension Benefit Guaranty Corporation, FY2024–26 (obligated to date)

16PBGC25C0004THIS IS A BRIDGE CONTRACT IN REPLACEMENT OF 16PBGC20T002 (TO1) OF THE ITIOSS CONTRACT THAT EXPIRES ON DECEMBER 31, 2024. THIS SHORT-TERM CONTRACT IS IN PLACE WHILE THE LONG-TERM RECOMPETE IS COMPLETED. IGCE AMOUNTS: $20,671,276.82 PROGRAM OFFIC
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Signed
Dec 26, 2024FY2025
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$11,085,863
USAspending
16PBGC26P0010PACIFIC INVESTMENT MANAGEMENT COMPANY LLC. - (PBGC01CT160020) BRIDGE
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
Signed
Sep 25, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$5,500,000
USAspending
16PBGC24C0031TRUSTED ACCOUNTING SYSTEM APPLICATION SUPPORT
EAGLE INVESTMENT SYSTEMS LLC
Signed
Nov 28, 2023FY2024
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$4,971,516
USAspending
16PBGC26P0011PGIM, INC. - (PBGC01CT160015) BRIDGE
PGIM, INC.
Signed
Sep 25, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$4,600,000
USAspending
16PBGC26P0008WELLINGTON MANAGEMENT COMPANY LLP - (PBGC01CT160019) BRIDGE
WELLINGTON MANAGEMENT COMPANY LLP
Signed
Sep 25, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$3,200,000
USAspending
16PBGC24C0040INVESTMENT MANAGEMENT
COLCHESTER GLOBAL INVESTORS LIMITED
Signed
Jan 24, 2024FY2024
Competition
Not competedFollow-on contract (FAR 6.302-1(a)(2)(ii/iii))
Obligated to date
$3,163,817
USAspending
16PBGC26C0006EMERGING MARKETS EQUITY BRIDGE CONTRACT
AQR CAPITAL MANAGEMENT LLC
Signed
Mar 27, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$3,000,000
USAspending
16PBGC26C0004EMERGING MARKETS EQUITY BRIDGE CONTRACT
LOS ANGELES CAPITAL MANAGEMENT LLC
Signed
Mar 27, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$3,000,000
USAspending
16PBGC24P0015THIS AWARD IS MADE TO THE WASHINGTON METROPOLITAN TRANSIT AUTHORITY (WMATA) TO PROVIDE ACCESS TO THE WMATA AUTOMATED SMART BENEFITS SYSTEM.
WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY
Signed
Apr 22, 2024FY2024
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$2,750,407
USAspending
16PBGC26P0012ALLSPRING GLOBAL - (PBGC01CT160023) BRIDGE
ALLSPRING GLOBAL INVESTMENTS, LLC
Signed
Sep 25, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$2,550,000
USAspending
16PBGC26P0009GOLDMAN SACHS ASSET MANAGEMENT, LP - (PBGC01CT160016) BRIDGE
GOLDMAN SACHS ASSET MANAGEMENT, L.P
Signed
Sep 25, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$2,400,000
USAspending
16PBGC26C0003EMERGING MARKETS EQUITY BRIDGE CONTRACT
SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC
Signed
Mar 27, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$2,213,650
USAspending
16PBGC25C0001BLOOMBERG ANYWHERE-PBGC ENCOUNTERED A FUNDING OBLIGATION ISSUE ON CONTRACT 16PBGC24C0048. TO CORRECT THIS ISSUE, PBGC PERFORMED A CORRECTIVE ACTION CHANGING THE CONTRACT FROM 16PBGC24C0048 TO 16PBGC25C0001.
BLOOMBERG FINANCE LP
Signed
Oct 21, 2024FY2025
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$1,501,556
USAspending
16PBGC25C0064THIS CONTRACT SHALL PROVIDE TECHNICAL AND PROCESSING DATA-RELATED SERVICES, AND ADMINISTRATIVE SUPPORT TO THE PBGC HEADQUARTER STAFF IN WASHINGTON, D.C. AND TO THE ACTUARIAL AND BENEFIT ADMINISTRATION CONTRACTOR OFFICES LOCATED THROUGHOUT THE UNITED
CLJ CONSULTING & CONTRACTING LLC
Signed
Aug 27, 2025FY2025
Competition
Not competed under SAPSAP non-competition (FAR 13)
Obligated to date
$1,330,776
USAspending
16PBGC26C0005EMERGING MARKETS EQUITY BRIDGE CONTRACT
NINETY ONE NORTH AMERICA, INC.
Signed
Mar 27, 2026FY2026
Competition
Not competedOnly one source-other (FAR 6.302-1 other)
Obligated to date
$1,214,286
USAspending
16PBGC25P0065BLOOMBERG LAW
BLOOMBERG INDUSTRY GROUP, INC.
Signed
Sep 25, 2025FY2025
Competition
Not competedUnique source (FAR 6.302-1(b)(1))
Obligated to date
$1,160,668
USAspending

The 16 largest non-competed awards of $1M+ signed in FY2024–26 (rule r5-v1). “Obligated to date” is the total committed on the award so far, including later modifications, not spending in a fiscal year. Source: USAspending.gov award records.