Award to segal group for actuarial audit services.
Active Definitive Contract Awarded Last action
- Contract number
- 60RRBH26C1006
- Awardee
-
The Segal Group, Inc. UEI SM31NB842JC7
- Awarding agency
-
Railroad Retirement Board
- Obligated
- $56,237
Award facts
- Opportunity
-
- RRB-OIG Actuarial Audit Services Solicitation · 60RRBH26R0002 · Posted Mar 5, 2026
- Contract value 18% obligated
-
- $56,237.00 Current, with exercised options
- $316,974.00 Potential, with all options
- Completion date 11% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541618 Other Management Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 1 offer Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Chicago, IL 60611, USA
Award details come from SAM.gov/FPDS.
About this award
The Railroad Retirement Board (RRB) Office of Inspector General awarded a definitive firm fixed-price contract to The Segal Group, Inc. on May 1, 2026, for limited-scope actuarial audit services valued at $316,974. The contract, which is not set-aside designated, supports the RRB's financial oversight of the Railroad Retirement program by providing independent evaluation of actuarial valuation methodologies, assumptions, data completeness, estimate reasonableness, and disclosure adequacy for the program's financial statements. The work will be performed in Chicago, Illinois, where the RRB OIG is co-located with RRB headquarters, and extends through October 31, 2030, with a base performance period from May 1 through October 31, 2026, followed by four optional one-year renewal periods.
The Segal Group was selected using Lowest Price Technically Acceptable (LPTA) evaluation criteria following an unrestricted solicitation posted in March 2026. As the incumbent contractor, Segal met the stringent technical requirements, including assignment of a principal actuary who is both a Fellow of the Society of Actuaries and an Enrolled Actuary with demonstrated experience auditing retirement plans exceeding $1 billion in assets. Under the contract structure, the contractor will deliver separate draft and final written reports during each performance period, with all direct wages, fringe benefits, overhead, general and administrative costs, and travel expenses included in the firm fixed pricing.
Quick answers
Who was awarded contract 60RRBH26C1006?
60RRBH26C1006 was awarded to The Segal Group, Inc. by Railroad Retirement Board on May 1, 2026.
How much is contract 60RRBH26C1006 worth?
The government has obligated $56,237 on 60RRBH26C1006. Its potential value, with all options, is $316,974.
Was contract 60RRBH26C1006 competed?
The extent of competition for 60RRBH26C1006 was competed under sap. The government received 1 offer.
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