Fiduciary oversight of the federal retirement thrift investment board
Ended Awarded Last action
- Contract number
- 1605C120F00065
- Awardee
-
Kpmg LLP UEI MAA3SBSDQVM1 Part of Kpmg L.L.P.
- Awarding agency
-
Office of the Assistant Secretary for Administration and Management
Department of Labor
- Obligated
- $2,587,987
Award facts
- Opportunity
-
- 1605C120Q00066 Solicitation number
- Contract value 100% obligated
- $2,587,987.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- National Office Employee Benefits Security Administration, Department of Labor
- NAICS code
- 541211 Offices of Certified Public Accountants
- PSC
- R704 Support- Management: Auditing
- Competition
- Full and Open Competition Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20020, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$12,013 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Original award | $2,600,000 |
About this award
KPMG LLP Federal Services was awarded a $2.59 million Firm Fixed Price Blanket Purchase Agreement (BPA) call for fiduciary oversight services to the Federal Retirement Thrift Investment Board, with an ultimate completion date of September 29, 2021. This contract was awarded on September 22, 2020, and is performed in Washington, DC. The engagement involves providing professional oversight and advisory services related to the governance and fiduciary responsibilities of the Federal Retirement Thrift Investment Board, which manages retirement savings plans for federal employees. As a child contract under KPMG's broader BPA vehicle within the Multiple Award Schedule (MAS), this award leverages KPMG's extensive experience in financial management, risk oversight, and federal compliance services.
This award carries no set-aside designation and was issued to KPMG LLP, one of the Big Four global accounting and professional services firms. KPMG's substantial federal contracting presence, which includes over $13 billion in aggregate indefinite delivery vehicle ceiling values across multiple agencies, positions the firm to deliver complex financial oversight and fiduciary advisory services. The Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan covering approximately 6 million federal employees and retirees, benefits from KPMG's specialized expertise in pension plan administration, investment governance, and regulatory compliance within the federal retirement security landscape.
Quick answers
Who was awarded contract 1605C120F00065?
1605C120F00065 was awarded to Kpmg LLP by Office of the Assistant Secretary for Administration and Management (Department of Labor) on September 22, 2020.
How much is contract 1605C120F00065 worth?
The government has obligated $2,587,987 on 1605C120F00065.
Which agency awarded contract 1605C120F00065?
Office of the Assistant Secretary for Administration and Management (Department of Labor) awarded 1605C120F00065, with funding from National Office (Employee Benefits Security Administration).
Is contract 1605C120F00065 an order under another contract?
Yes. 1605C120F00065 is a BPA call under GS00F275CA-1605DC19A0018, a blanket purchase agreement, on Multiple Award Schedule (MAS).
Was contract 1605C120F00065 competed?
The extent of competition for 1605C120F00065 was full and open competition.
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