J.2 Mandatory Volume Requirements Excel Sheet.xlsx
XLSX spreadsheet 23 KB Posted
- Attached to
- PBGC Primary Paying Agent Federal contract opportunity
- Solicitation number
- 16PBGC-22-R-0008-Solicitation
- Issued by
- Pension Benefit Guaranty Corporation
About this file
This document summarizes a federal solicitation for primary paying agent services. The Pension Benefit Guaranty Corporation seeks a contractor to disburse approximately 860,000 monthly benefit payments totaling around $48.33 million per month, or approximately $5.8 billion annually, to retirees in over 5,000 terminated private-sector single-employer pension plans. The selected contractor will perform gross-to-net payment calculations, manage federal tax withholdings, deposits and reporting, handle exception payments and adjustments, support associated financial management activities, and provide access to payment and self-service systems for PBGC users and retirees. Interested parties should monitor the System for Award Management for information about the forthcoming solicitation under number 16PBGC-22-R-0008.
View the file
Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| 16PBGC22R00080001.pdf | ||
| 16PBGC-22-R-0008 - Final V2.pdf |
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Mandatory Volume Requirements (MVR) Spreadsheet
| "MVR" worksheet |
| 1. The purpose of the "MVR" worksheet is for Offerors to identify the volume of transactions their team has processed in the past 3 years to ensure that this experience meets PBGC's minimum requirement. |
| General instructions |
| Mandatory rows are identified in the first column. |
| Text that is to be edited by the Offeror is in red. |
| PBGC's minimum volume requirements are highlghted in yellow (as indicated by the right-most column). |
Mandatory Volume Requirements
16PBGC22R0008
J.2 Mandatory Volume Requirements
MVR
| <<INSERT OFFEROR's NAME HERE>> | Minimum requirement | 2019 | 2020 | 2021 | |
| EFT credits to retirees/employees | |||||
| Mandatory | Pre-arranged Payment and Deposits for which also did gross-to-net calculation | 0 | 0 | 0 | |
| Mandatory | International ACH Transactions for which also did gross-to-net calculation | 0 | 0 | 0 | |
| Total PPD & IAT credits | 9,000,000 | 0 | 0 | 0 | |
| Optional | <<specify type>> | 0 | 0 | 0 | |
| Optional | <<specify type>> | 0 | 0 | 0 | |
| Optional | <<specify type, insert rows as needed>> | 0 | 0 | 0 |
| Paper checks to retirees/employees | |||||
| Mandatory | **Checks for which also did gross-to-net calculation | 800,000 | 0 | 0 | 0 |
| Optional | <<specify check type>> | 0 | 0 | 0 | |
| Optional | <<specify check type, insert rows as needed>> | 0 | 0 | 0 |
Mandatory Gross payment amount for ** rows above (USD) 4,000,000,000 0 0 0
| Statements to retirees/employees | 500,000 | 0 | 0 | 0 | |
| Mandatory | <<specify statement type>> | 0 | 0 | 0 | |
| Optional | <<specify statement type>> | 0 | 0 | 0 | |
| Optional | <<specify statement type, insert rows as needed>> | 0 | 0 | 0 |
| Federal Income Tax Witholding | |||||
| Mandatory | 1099-R forms printed/mailed | 0 | 0 | 0 | |
| Mandatory | 1042-S forms printed/mailed | 0 | 0 | 0 | |
| Optional | <<specify form type>> | 0 | 0 | 0 | |
| Optional | <<specify form type, insert rows as needed>> | 0 | 0 | 0 | |
| Total tax forms | 500,000 | 0 | 0 | 0 | |
| Mandatory | Total taxes withheld & remitted to IRS (USD) | ERROR:#REF! | 0 | 0 | 0 |
| EFT aftermath | |||||
| Optional | ACH deletions | 0 | 0 | 0 | |
| Mandatory | ACH returns | 10,000 | 0 | 0 | 0 |
| Optional | ACH returns: Issue replacement check | 0 | 0 | 0 | |
| Optional | ACH returns: Resolve returned replacement check | 0 | 0 | 0 | |
| Mandatory | Notices of Change (NOC) | 10,000 | 0 | 0 | 0 |
| Mandatory | ACH reclamation | 10,000 | 0 | 0 | 0 |
| Optional | Written demand for payment | 0 | 0 | 0 | |
| Optional | ACH recovery | 0 | 0 | 0 | |
| Optional | ACH tracer | 0 | 0 | 0 |
| Paper check aftermath | |||||
| Mandatory | Stop payment on checks: Total | 10,000 | 0 | 0 | 0 |
| Mandatory | Stop payment on checks: Issue replacement check | 8,000 | 0 | 0 | 0 |
| Optional | Express delivery of reissued checks | 0 | 0 | 0 | |
| Optional | Provide copy of paid check not available electronically | 0 | 0 | 0 | |
| Optional | Return funds to client Trust account | 0 | 0 | 0 | |
| Optional | Purged / stale-dated checks | 0 | 0 | 0 | |
| Optional | Fraud research | 0 | 0 | 0 |
| Misc | ||||
| Optional | Disburse overpayment refunds | 0 | 0 | 0 |
| Optional | Process tax levies | 0 | 0 | 0 |
| Pension payment system | |||||
| Mandatory | Client users with active accounts | 400 | 0 | 0 | 0 |
| Retiree/employee self service system or alternative | ||||
| Mandatory | Customers with active accounts | 0 | 0 | 0 |
| Optional | View tax form image | 0 | 0 | 0 |
| Optional | View payment history | 0 | 0 | 0 |
| Optional | View check image | 0 | 0 | 0 |
Mandatory Volume Requirements
16PBGC22R0008
J.2 Mandatory Volume Requirements
File details come from the government source that posted it. Updated .