The Securities and Exchange Commission awarded a firm fixed-price purchase order to Asset International, Inc. for subscription services to Employee Retirement Income Security Act (ERISA) plan data with a ceiling value of $350,000. The contract, effective October 1, 2023, with an ultimate completion date of September 30, 2025, provides the SEC with access to aggregated Form 5500 retirement plan filings matched to public SEC and Financial Industry Regulatory Authority filings, assets under management data for SEC registrants and private funds, investment advisor information, and investment vehicle and plan details spanning at least five years of historical data. No set-aside designation was used in this award. The contract includes firm fixed-price pricing for the base period and was pursued through a pre-solicitation sources sought notice that identified Asset International as the incumbent contractor.
The contract originally contemplated a base period plus four 12-month option periods; however, option periods II, III, and IV, which would have added $540,000 in value, will not be exercised in accordance with a White House memorandum on radical transparency regarding wasteful spending. Asset International, headquartered in Rockville, Maryland, specializes in providing data, insights, and business intelligence solutions for the financial services industry with particular expertise in ERISA plan data analysis. The company has established itself as a critical federal data provider through multiple contracts with the SEC, Department of Labor's Employee Benefits Security Administration, and related agencies, offering web-based platforms with data query functionality and visualization capabilities to support federal agencies' monitoring and analysis of retirement plan trends, funding, service providers, and investments.