Services to underwrite and administer group life insurance for OCC's active and retired employees and their eligible dependents, as well as the active employees and eligible dependents of the OFR.
Active Definitive Contract Awarded Last action
- Contract number
- 2031JW26C00004
- Awardee
-
Metropolitan Life Insurance Co UEI XN1CSKV5KNR8
- Awarding agency
-
Office of the Comptroller of the Currency
Department of the Treasury
- Obligated
- $4,919,771
Award facts
- Opportunity
-
- OCC Group Life Insurance (OGLI) Services (RFP) Solicitation · 2031JW26R00001 · Posted Oct 10, 2025
- Contract value 19% obligated
-
- $4,919,770.54 Current, with exercised options
- $26,261,952.50 Potential, with all options
- Completion date 18% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 524113 Direct Life Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Bridgewater, NJ 08807, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$140,474 | |
| Original award | $5,060,244 |
About this award
The Office of the Comptroller of the Currency (OCC) awarded a $26.3 million firm-fixed-price definitive contract to Metropolitan Life Insurance Company (MetLife) on December 1, 2025, to underwrite and administer group life insurance for OCC and Office of Financial Research (OFR) active and retired employees and their eligible dependents. The five-year contract, which runs through December 31, 2030, encompasses basic life insurance coverage for all eligible participants, optional supplemental coverage for employees and their family members, and accidental death and dismemberment insurance. The covered population includes approximately 2,577 active OCC employees, 2,743 OCC retirees, and up to 350 OFR employees with their dependents. This civilian federal contract was awarded through an unrestricted, full and open competitive process using lowest price technically acceptable source selection methodology, with no small business set-aside designation.
The contract requires MetLife to deliver comprehensive administrative capabilities including electronic enrollment systems, detailed claims processing, and extensive reporting functionality, all supported by stringent security compliance measures such as U.S.-based operations, SOC 2 Type II certification, FIPS 140-3 compliant encryption, and established incident reporting protocols. Performance will occur at MetLife's Bridgewater, New Jersey location, serving as the primary operational hub for nationwide administration. MetLife is an established federal contractor with significant experience in employee benefits and insurance solutions across multiple civilian agencies, currently maintaining several high-value federal contracts including supplemental benefits programs and dental insurance arrangements.
Quick answers
Who was awarded contract 2031JW26C00004?
2031JW26C00004 was awarded to Metropolitan Life Insurance Co by Office of the Comptroller of the Currency (Department of the Treasury) on December 1, 2025.
How much is contract 2031JW26C00004 worth?
The government has obligated $4,919,771 on 2031JW26C00004. Its potential value, with all options, is $26,261,953.
Was contract 2031JW26C00004 competed?
The extent of competition for 2031JW26C00004 was full and open competition. The government received 2 offers.
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