Pension Benefit Guaranty Corporation

The Pension Benefit Guaranty Corporation is an independent civilian agency that administers the federal insurance programs for private-sector defined-benefit pension plans and procures actuarial, consulting, and plan-administration support services to manage its insurance liabilities and oversight obligations.

PBGC has awarded 3,497 federal contracts since 1989, with cumulative potential value of $10.03 billion and $6.48 billion obligated to date. Contract awards have averaged 76 per year over the last five years—85 in 2022, 79 in 2023, 99 in 2024, 58 in 2025, and 61 year-to-date in 2026—indicating modest but steady procurement activity. The agency transacts with 970 distinct prime contractors across the portfolio history. Competitive concentration is highly fragmented in recent years: over the last five years, the top five primes by award count (Fcn, Inc.; Salient Crgt, Inc.; and the Deloitte entities) hold 14 percent of recent awards, while the top five by potential value (the same mix plus CGI Federal Inc. and Bolton Partners, Inc.) account for just 5 percent of combined potential value. Deloitte Consulting LLP and Deloitte & Touche LLP each hold nine recent awards with combined potential value around $120–128 million, followed by Salient Crgt, Inc. with eleven awards worth $114.6 million. Most PBGC procurements carry no set-aside designation: 88 percent of awards are open competition, with the remainder split between small-business set-asides (8 percent), 8(a) sole source (2 percent), and smaller allocations to service-disabled veteran-owned, HUBZone, and woman-owned small-business categories.

Recent contract opportunities reflect PBGC's core actuarial and modeling work. A Complexity Level IV Plan Services solicitation (16PBGC26Q0045), posted October 7, 2026 with due date October 9, 2026, sought actuarial support for three large pension plans, including benefit statements, actuarial case reports, post-valuation support, and program management. A companion sole-source special notice identified Bolton Partners DC, Inc. as the proposed contractor, citing extensive institutional knowledge and methodologies specific to the three plans that cannot be replicated without significant re-engineering. PBGC also solicited a peer review of its Pension Insurance Modeling System (16PBGC26Q0037), posted August 6, 2026, requiring an independent contractor to review the assumptions and methods used by PBGC's Single-Employer and Multiemployer PIMS models that support the agency's annual 10-year financial projections and long-term solvency evaluations. The most recent recorded award date is October 15, 2026.

Funded by the insurance premiums it collects and other investments, the Pension Benefit Guaranty Corporation insures and guarantees private sector workers' pensions. The contact information below is primarily for workers or retirees. If you are a plan sponsor or administrator, use the contact link below to find the appropriate information.