Recompete of contract number 16PBC20C0024 for provides IT and actuarial support services to sustain pbgc's legacy pims that enables prad to model single-employer and multi-employer plans. Projected…
Ended Definitive Contract Awarded Last action
- Contract number
- 16PBGC25C0062
- Awardee
-
Lynchval Systems Worldwide, Inc. UEI V5JDCFMNZK45
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $0
Award facts
- Opportunity
-
- PBGC Legacy Pension Insurance Modeling System Pre-Solicitation · 16PBGC25R0056 · Posted Mar 20, 2025
- Contract value 0% obligated
-
- $982,626.00 Current, with exercised options
- $7,399,809.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541511 Custom Computer Programming Services
- Set-aside
- Total Small Business
- Competition
- Competed under SAP · 14 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20554, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | -$982,626 | |
| Original award | $982,626 |
About this award
Lynchval Systems Worldwide, Inc., a small business specializing in pension and Other Post-Employment Benefits software and consulting, was awarded a definitive contract valued at $7.4 million by the Pension Benefit Guaranty Corporation (PBGC) to provide IT and actuarial support services for the Legacy Pension Insurance Modeling System (L-PIMS). This is a recompete of contract number 16PBC20C0024, with a corrected award effective July 22, 2025, and a period of performance beginning September 1, 2025 through November 6, 2025. The contract is structured as firm fixed price and was set aside for small businesses. Work will be performed in Washington, DC.
The scope of services encompasses comprehensive technical support for L-PIMS, a sophisticated stochastic simulation tool used to model single-employer and multiemployer pension plan universes. Under this contract, Lynchval will provide programming support (C++ and VBA), model management, system evaluation, and actuarial calculations to support PBGC's pension insurance programs. The contractor will develop model runs for PBGC reports, analyze financial and policy changes, respond to Congressional technical assistance requests, and manage the decommissioning of the legacy system. This award reflects PBGC's continued reliance on Lynchval's specialized expertise, as the company has exclusively performed actuarial support services for PBGC since its SAM.gov registration in 2003.
Description
Recompete of contract number 16PBC20C0024 for provides IT and actuarial support services to sustain pbgc's legacy pims that enables prad to model single-employer and multi-employer plans. Projected period of performance start date: 9/1/2025
Quick answers
Who was awarded contract 16PBGC25C0062?
16PBGC25C0062 was awarded to Lynchval Systems Worldwide, Inc. by Pension Benefit Guaranty Corporation on July 22, 2025.
How much is contract 16PBGC25C0062 worth?
The government has obligated $0 on 16PBGC25C0062. Its current value, with exercised options, is $982,626. Its potential value, with all options, is $7,399,809.
Was contract 16PBGC25C0062 competed?
The extent of competition for 16PBGC25C0062 was competed under sap. The government received 14 offers. It was set aside: Total Small Business.
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