Actuarial Support Services

The Pension Benefit Guaranty Corporation (PBGC) established a Master IDIQ for Actuarial Support Services on November 30, 2016, with a shared ceiling of $173 million and a last order date of November 29, 2019 — this vehicle is closed to new orders as of that deadline, which passed over six years ago.

The vehicle funded actuarial analysis and support services across PBGC's benefit administration operations, including plan complexity assessments, participant database reports, actuarial case reports, small plan analytics, and trustee plan benefit calculations. Task orders were structured by plan complexity level (1–4), with individual orders priced as firm-fixed-price, time-and-materials, or labor-hour arrangements. The portfolio shows 56 total task orders awarded between April 2017 and September 2021, with $108.6 million in combined potential value and $92.8 million obligated (86% of total).

Ordering momentum declined sharply as the vehicle approached and passed its ordering deadline: 19 orders in 2017, dropping to 14 in 2018, 10 in 2019, 8 in 2020, and 5 in 2021. No new orders have been issued since September 2021.

Competition concentrated among a small set of actuarial firms. Bolton Partners D.C., Inc. held 20 orders worth $35.4 million, Milliman, Inc. held 6 orders worth $27.6 million, and Buck Global LLC held 13 orders worth $19.9 million. These three primes accounted for roughly 60% of combined task-order potential value. Milliman Incorporated (listed separately) earned 7 orders worth $12.3 million; Deloitte Consulting LLP and Aon Consulting, Inc. held smaller positions. All 56 task orders were unrestricted (no set-aside designations).

All work was performed for the PBGC as the sole customer agency. Remaining active orders show completion dates extending through March 2026, with several modifications in 2021 explicitly tied to de-obligation of excess fiscal-year funds in preparation for contract closeout. The vehicle is functionally exhausted; no new procurement activity is expected.

The Pension Benefit Guaranty Corporation (PBGC) has awarded a Master IDIQ for Actuarial Support Services.