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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: Methodology →

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 yearAll contract obligationsNot competedCompetedShare not competed
FY2024Oct 1 – Sep 30, 2024$309M$12.2M$297M3.9%
FY2025Oct 1 – Sep 30, 2025$292M$21.4M$270M7.3%
FY2026Oct 1 – Sep 30, 2026$241M$37.3M$204M15.5%

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, FY2026 (obligated to date)
Source
16PBGC26P0010PACIFIC INVESTMENT MANAGEMENT COMPANY LLC. - (PBGC01CT160020) BRIDGEPACIFIC INVESTMENT MANAGEMENT COMPANY LLCSep 25, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$5,500,000USAspending
16PBGC26P0011PGIM, INC. - (PBGC01CT160015) BRIDGEPGIM, INC.Sep 25, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$4,600,000USAspending
16PBGC26P0008WELLINGTON MANAGEMENT COMPANY LLP - (PBGC01CT160019) BRIDGEWELLINGTON MANAGEMENT COMPANY LLPSep 25, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$3,200,000USAspending
16PBGC26C0006EMERGING MARKETS EQUITY BRIDGE CONTRACTAQR CAPITAL MANAGEMENT LLCMar 27, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$3,000,000USAspending
16PBGC26C0004EMERGING MARKETS EQUITY BRIDGE CONTRACTLOS ANGELES CAPITAL MANAGEMENT LLCMar 27, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$3,000,000USAspending
16PBGC26P0012ALLSPRING GLOBAL - (PBGC01CT160023) BRIDGEALLSPRING GLOBAL INVESTMENTS, LLCSep 25, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$2,550,000USAspending
16PBGC26P0009GOLDMAN SACHS ASSET MANAGEMENT, LP - (PBGC01CT160016) BRIDGEGOLDMAN SACHS ASSET MANAGEMENT, L.PSep 25, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$2,400,000USAspending
16PBGC26C0003EMERGING MARKETS EQUITY BRIDGE CONTRACTSCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INCMar 27, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$2,213,650USAspending
16PBGC26C0005EMERGING MARKETS EQUITY BRIDGE CONTRACTNINETY ONE NORTH AMERICA, INC.Mar 27, 2026FY2026Not competedOnly one source-other (FAR 6.302-1 other)$1,214,286USAspending

Largest non-competed awards from Pension Benefit Guaranty Corporation, FY2026 (obligated to date)

The 9 largest non-competed awards of $1M+ signed in FY2026 (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.