Plan Asset Evaluation And Participant Data Review Support Services

Award Date 8/18/2022
Last Date To Order 8/17/2027
Shared Ceiling $224M
Contract Type
Master BPA
Predecessor
Not listed
Successors

The Master Blanket Purchase Agreement (BPA) for Plan Asset Evaluation and Participant Data Review Support Services is designed to provide comprehensive professional services to the Pension Benefit Guaranty Corporation (PBGC). The vehicle focuses on delivering personnel and non-personal services related to plan asset evaluation and participant data review across government pension systems. With a total shared ceiling of $224 million, the BPA enables PBGC to rapidly acquire specialized professional services for complex data analysis and review tasks through multiple pre-qualified contractors.

The Master BPA has been awarded to multiple prime contractors, including prominent professional services firms such as Grant Thornton LLP and Deloitte & Touche LLP. Task orders under this vehicle are typically Time and Materials contracts with ceiling values ranging from approximately $13 million to $18 million and performance periods of around three to five years. The current task orders demonstrate a pattern of supporting PBGC's participant data review and plan asset evaluation needs, with no specific small business set-aside designations. Both observed task orders were awarded in September (2022 and 2023), suggesting an annual or semi-annual procurement cycle. Notably, one task order (Deloitte's contract) includes a subcontract with Ark Solutions, Inc., a small disadvantaged and woman-owned business, which indicates potential opportunities for smaller firms within this contract vehicle.

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