Top 100 Pension Benefit Guaranty Corporation Contractors, FY2022

Full ranking

Rank	Contractor	Net obligations	Share	Trend
1	Serco North America (Holdings) Inc Through Serco Inc. Top NAICS codes 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds	$29,037,228	6.5%	Rank history: #2 in FY2021, #2 in FY2023 and not on the FY2024–FY2025 lists; up 1 since FY2021.
2	Science Applications International Corporation Top NAICS codes 541990 All Other Professional, Scientific, and Technical Services	$28,543,472	6.4%	Rank history: #3 in FY2021, #1 in FY2023, #3 in FY2024 and #2 in FY2025; up 1 since FY2021.
3	Marathon Asset Management Limited Top NAICS codes 523920 Portfolio Management	$23,213,130	5.2%	Rank history: not on the FY2021 list, #17 in FY2023, #42 in FY2024 and #16 in FY2025; new.
4	Deloitte LLP 3 awardees, including Deloitte & Touche LLP and Deloitte Financial Advisory Services LLP Top NAICS codes 541519 Other Computer Related Services 541612 Human Resources Consulting Services 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services	$20,272,149	4.5%	Rank history: #1 in FY2021, #4 in FY2023 and not on the FY2024–FY2025 lists; down 3 since FY2021.
5	State Street Corporation Top NAICS codes 541214 Payroll Services 523991 Trust, Fiduciary, and Custody Activities	$17,705,047	3.9%	Rank history: #7 in FY2021, #7 in FY2023, #4 in FY2024 and #6 in FY2025; up 2 since FY2021.
6	Serco Inc. Top NAICS codes 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds	$17,613,338	3.9%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
7	Deloitte Consulting LLP 2 awardees Top NAICS codes 541611 Administrative Management and General Management Consulting Services 541612 Human Resources Consulting Services	$14,386,923	3.2%	Rank history: not on the FY2021 list, #12 in FY2023 and not on the FY2024–FY2025 lists; new.
8	Pacific Investment Management Company LLC Top NAICS codes 523920 Portfolio Management	$14,242,517	3.2%	Rank history: #9 in FY2021, #9 in FY2023, #13 in FY2024 and not on the FY2025 list; up 1 since FY2021.
9	Wellington Management Group LLP Through Wellington Management Company LLP Top NAICS codes 523920 Portfolio Management 523110 Investment Banking and Securities Dealing	$13,167,919	2.9%	Rank history: #6 in FY2021, #8 in FY2023, #5 in FY2024 and not on the FY2025 list; down 3 since FY2021.
10	Thomas Scientific LLC Through Unison Software Inc. Top NAICS codes 511210 Software Publishers	$12,191,333	2.7%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
11	Prudential Financial Inc. Through Pgim, Inc. Top NAICS codes 523920 Portfolio Management	$11,473,027	2.6%	Rank history: #8 in FY2021, #10 in FY2023, #7 in FY2024 and #14 in FY2025; down 3 since FY2021.
12	Nisa Investment Advisors LLC Top NAICS codes 523110 Investment Banking and Securities Dealing	$11,125,329	2.5%	Rank history: #11 in FY2021, #6 in FY2023, #6 in FY2024 and #12 in FY2025; down 1 since FY2021.
13	Governmentcio LLC Through Salient Crgt, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$10,950,281	2.4%	Rank history: not on the FY2021 list, not on the FY2023–FY2024 lists and #5 in FY2025; new.
14	Salient Crgt, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$10,157,091	2.3%	Rank history: not on the FY2021 list, #83 in FY2023, #8 in FY2024 and not on the FY2025 list; up 110 since FY2021.
15	Grant Thornton International Ltd 2 awardees, including Grant Thornton LLP and Grant Thornton Public Sector LLC Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$8,815,705	2.0%	Rank history: #10 in FY2021, #11 in FY2023, #67 in FY2024 and not on the FY2025 list; down 5 since FY2021.
16	Bolton Partners, Inc. 2 awardees, including Bolton Partners D.c., Inc. Top NAICS codes 541612 Human Resources Consulting Services 541611 Administrative Management and General Management Consulting Services	$8,671,974	1.9%	Rank history: #18 in FY2021, #14 in FY2023, #15 in FY2024 and #10 in FY2025; up 2 since FY2021.
17	Arrowstreet Capital LP Top NAICS codes 523920 Portfolio Management	$7,640,251	1.7%	Rank history: #13 in FY2021, #15 in FY2023, #16 in FY2024 and #13 in FY2025; down 4 since FY2021.
18	CGI Technologies and Solutions Inc. Through CGI Federal Inc. Top NAICS codes 541519 Other Computer Related Services	$7,496,935	1.7%	Rank history: #15 in FY2021, #13 in FY2023, #31 in FY2024 and not on the FY2025 list; down 3 since FY2021.
19	The Goldman Sachs Group Inc Through Goldman Sachs Asset Management, L.P Top NAICS codes 523920 Portfolio Management	$7,152,946	1.6%	Rank history: #47 in FY2021, #20 in FY2023, #34 in FY2024 and not on the FY2025 list; up 28 since FY2021.
20	Franklin Resources Inc. Through Western Asset Management Co, LLC Top NAICS codes 523920 Portfolio Management	$6,999,062	1.6%	Rank history: #19 in FY2021, #16 in FY2023, #17 in FY2024 and not on the FY2025 list; down 1 since FY2021.
21	Investec Asset Management North America Inc. 2 awardees, including Ninety One North America, Inc. and Invesco Trust Company Top NAICS codes 523920 Portfolio Management	$6,562,648	1.5%	Rank history: #14 in FY2021, #25 in FY2023 and not on the FY2024–FY2025 lists; down 7 since FY2021.
22	Conduent Federal Solutions LLC Through Buck Global LLC Top NAICS codes 541612 Human Resources Consulting Services	$5,029,482	1.1%	Rank history: #35 in FY2021, #23 in FY2023, #87 in FY2024 and not on the FY2025 list; up 13 since FY2021.
23	Wells Fargo & Company Through Allspring Global Investments, LLC Top NAICS codes 523920 Portfolio Management	$4,919,582	1.1%	Rank history: #33 in FY2021, #19 in FY2023, #19 in FY2024 and not on the FY2025 list; up 10 since FY2021.
24	AQR Capital Management LLC Top NAICS codes 523920 Portfolio Management	$4,789,211	1.1%	Rank history: #21 in FY2021, not on the FY2023–FY2024 lists and #51 in FY2025; down 3 since FY2021.
25	Cerberus Cyber Sentinel Corporation Through Talatek, LLC Top NAICS codes 541519 Other Computer Related Services	$4,347,305	1.0%	Rank history: not on the FY2021 list, #30 in FY2023, #25 in FY2024 and #23 in FY2025; new.
26	TCW Asset Management Company LLC Top NAICS codes 523920 Portfolio Management	$4,184,250	0.9%	Rank history: #16 in FY2021, #22 in FY2023, #21 in FY2024 and not on the FY2025 list; down 10 since FY2021.
27	Schroder Investment Management North America Inc. Top NAICS codes 523920 Portfolio Management	$3,909,398	0.9%	Rank history: #24 in FY2021, #47 in FY2023 and not on the FY2024–FY2025 lists; down 3 since FY2021.
28	Dell Federal Systems L.P. 2 awardees Top NAICS codes 541519 Other Computer Related Services	$3,893,635	0.9%	Rank history: #22 in FY2021, #18 in FY2023, #35 in FY2024 and not on the FY2025 list; down 6 since FY2021.
29	Principal Real Estate Investors LLC Top NAICS codes 523920 Portfolio Management	$3,749,493	0.8%	Rank history: #30 in FY2021, #31 in FY2023 and not on the FY2024–FY2025 lists; up 1 since FY2021.
30	Nuveen Asset Management, LLC Top NAICS codes 523920 Portfolio Management	$3,324,592	0.7%	Rank history: #39 in FY2021, #42 in FY2023, not on the FY2024 list and #32 in FY2025; up 9 since FY2021.
31	Martek Global Services, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$3,305,840	0.7%	Rank history: not on the FY2021 list, #21 in FY2023, #20 in FY2024 and #40 in FY2025; new.
32	Virtus Investment Partners, Inc. Through Duff & Phelps Investment Management Co Top NAICS codes 523920 Portfolio Management	$3,114,008	0.7%	Rank history: #43 in FY2021, #32 in FY2023 and not on the FY2024–FY2025 lists; up 11 since FY2021.
33	Blackrock Inc. 2 awardees, including Blackrock Institutional Trust Company National Association and Blackrock Financial Management Inc. Top NAICS codes 523920 Portfolio Management 541519 Other Computer Related Services	$3,105,840	0.7%	Rank history: #26 in FY2021, #28 in FY2023 and not on the FY2024–FY2025 lists; down 7 since FY2021.
34	Neuberger Berman Investment Advisers LLC Top NAICS codes 523920 Portfolio Management	$3,103,281	0.7%	Rank history: #23 in FY2021, #44 in FY2023 and not on the FY2024–FY2025 lists; down 11 since FY2021.
35	BAE Systems PLC 2 awardees, including BAE Systems Technology Solutions & Services Inc. Top NAICS codes 541219 Other Accounting Services	$3,032,378	0.7%	Rank history: #32 in FY2021, #26 in FY2023, #22 in FY2024 and not on the FY2025 list; down 3 since FY2021.
36	Lumen Technologies Government Solutions, Inc. Top NAICS codes 517110 Wired Telecommunications Carriers	$2,772,576	0.6%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
37	Colchester Global Investors Limited Top NAICS codes 523110 Investment Banking and Securities Dealing	$2,762,286	0.6%	Rank history: #42 in FY2021, #35 in FY2023, #23 in FY2024 and not on the FY2025 list; up 5 since FY2021.
38	Chickasaw Health Consulting, LLC Top NAICS codes 541990 All Other Professional, Scientific, and Technical Services 541611 Administrative Management and General Management Consulting Services	$2,721,567	0.6%	Rank history: #17 in FY2021, not on the FY2023 list, #62 in FY2024 and not on the FY2025 list; down 21 since FY2021.
39	Carahsoft Technology Corp Top NAICS codes 511210 Software Publishers 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services	$2,649,290	0.6%	Rank history: #46 in FY2021, #37 in FY2023, #24 in FY2024 and #39 in FY2025; up 7 since FY2021.
40	LOS Angeles Capital Management LLC Top NAICS codes 523920 Portfolio Management	$2,647,009	0.6%	Rank history: #25 in FY2021, #27 in FY2023, not on the FY2024 list and #48 in FY2025; down 15 since FY2021.
41	Sterling Computers Corporation Top NAICS codes 334111 Electronic Computer Manufacturing	$2,559,140	0.6%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; up 96 since FY2021.
42	Arrowpoint Technologies Inc. Through Lynchval Systems Worldwide, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$2,557,346	0.6%	Rank history: #38 in FY2021, #36 in FY2023 and not on the FY2024–FY2025 lists; down 4 since FY2021.
43	Emergent, LLC Top NAICS codes 541519 Other Computer Related Services	$2,316,244	0.5%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
44	Pioneer Corporate Services, Inc. Top NAICS codes 541512 Computer Systems Design Services	$2,235,896	0.5%	Rank history: #45 in FY2021, #39 in FY2023 and not on the FY2024–FY2025 lists; up 1 since FY2021.
45	Perella Weinberg Partners LP Top NAICS codes 523930 Investment Advice	$2,100,000	0.5%	Rank history: #31 in FY2021 and not on the FY2023–FY2025 lists; down 14 since FY2021.
46	Fcn, Inc. Top NAICS codes 541519 Other Computer Related Services	$2,066,433	0.5%	Rank history: #41 in FY2021 and not on the FY2023–FY2025 lists; down 5 since FY2021.
47	Baillie Gifford & Co Through Baillie Gifford Overseas Limited Top NAICS codes 523920 Portfolio Management	$2,045,635	0.5%	Rank history: #29 in FY2021, #41 in FY2023 and not on the FY2024–FY2025 lists; down 18 since FY2021.
48	Valiant Solutions, LLC Top NAICS codes 541519 Other Computer Related Services	$2,017,767	0.4%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
49	Hana-Procon JV, LLC Top NAICS codes 541330 Engineering Services	$1,976,870	0.4%	Rank history: not on the FY2021 list, #45 in FY2023, #39 in FY2024 and #42 in FY2025; new.
50	Ernst & Young LLP Top NAICS codes 541211 Offices of Certified Public Accountants	$1,924,650	0.4%	Rank history: #37 in FY2021, not on the FY2023 list, #27 in FY2024 and not on the FY2025 list; down 13 since FY2021.
51	Marsh & Mclennan Companies Inc. 3 awardees, including Mercer Investments LLC and Mercer (Us) LLC Top NAICS codes 523930 Investment Advice 541611 Administrative Management and General Management Consulting Services	$1,914,621	0.4%	Rank history: #60 in FY2021, #49 in FY2023, not on the FY2024 list and #43 in FY2025; up 9 since FY2021.
52	Brmi Holdings Corporation Through Brmi Corporation Top NAICS codes 541511 Custom Computer Programming Services	$1,542,342	0.3%	Rank history: #52 in FY2021, #55 in FY2023, #65 in FY2024 and not on the FY2025 list; unchanged since FY2021.
53	Chainbridge Solutions Incorporated Top NAICS codes 561210 Facilities Support Services 541512 Computer Systems Design Services	$1,500,878	0.3%	Rank history: #50 in FY2021, #48 in FY2023, #47 in FY2024 and #60 in FY2025; down 3 since FY2021.
54	The Bank of New York Mellon Corporation Through Eagle Investment Systems LLC Top NAICS codes 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services	$1,433,400	0.3%	Rank history: #51 in FY2021, #43 in FY2023, #41 in FY2024 and not on the FY2025 list; down 3 since FY2021.
55	Thomson Reuters (Tax & Accounting) Inc. Through West Publishing Corporation Top NAICS codes 519130 Internet Publishing and Broadcasting and Web Search Portals	$1,353,527	0.3%	Rank history: #63 in FY2021, #64 in FY2023 and not on the FY2024–FY2025 lists; up 8 since FY2021.
56	MFS Institutional Advisors Inc Top NAICS codes 523110 Investment Banking and Securities Dealing	$1,282,420	0.3%	Rank history: #61 in FY2021, #53 in FY2023, #45 in FY2024 and not on the FY2025 list; up 5 since FY2021.
57	Cameo Consulting Group LLC 2 awardees Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$1,123,255	0.3%	Rank history: #73 in FY2021, #65 in FY2023, #86 in FY2024 and not on the FY2025 list; up 16 since FY2021.
58	J.p. Morgan Investment Management Inc. Top NAICS codes 523930 Investment Advice 523991 Trust, Fiduciary, and Custody Activities	$1,119,413	0.2%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
59	Castro & Company, LLC Top NAICS codes 541219 Other Accounting Services	$1,085,254	0.2%	Rank history: #55 in FY2021, #58 in FY2023, #55 in FY2024 and #37 in FY2025; down 4 since FY2021.
60	Pugh Capital Management Inc. Top NAICS codes 523920 Portfolio Management	$1,076,434	0.2%	Rank history: not on the FY2021 list, #75 in FY2023, #52 in FY2024 and #50 in FY2025; up 42 since FY2021.
61	Spectrum International, Incorporated Top NAICS codes 523991 Trust, Fiduciary, and Custody Activities	$1,044,884	0.2%	Rank history: #58 in FY2021, #50 in FY2023, #37 in FY2024 and #49 in FY2025; down 3 since FY2021.
62	New Century Advisors LLC Top NAICS codes 523920 Portfolio Management	$933,517	0.2%	Rank history: #92 in FY2021, #51 in FY2023, #59 in FY2024 and #57 in FY2025; up 30 since FY2021.
63	Longfellow Investment Management Co., LLC Top NAICS codes 522298 All Other Nondepository Credit Intermediation 523920 Portfolio Management	$884,255	0.2%	Rank history: #99 in FY2021, #68 in FY2023, #64 in FY2024 and #59 in FY2025; up 36 since FY2021.
64	T. White Parker Associates, Incorporated Top NAICS codes 541512 Computer Systems Design Services 541611 Administrative Management and General Management Consulting Services	$863,409	0.2%	Rank history: #82 in FY2021, #46 in FY2023, #40 in FY2024 and #62 in FY2025; up 18 since FY2021.
65	VG Systems LLC Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$832,808	0.2%	Rank history: #62 in FY2021, #56 in FY2023, #30 in FY2024 and #33 in FY2025; down 3 since FY2021.
66	Towers Watson Delaware Inc. Through Willis Towers Watson US LLC Top NAICS codes 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds	$830,586	0.2%	Rank history: #36 in FY2021, not on the FY2023 list, #97 in FY2024 and not on the FY2025 list; down 30 since FY2021.
67	Nana Regional Corporation Inc Through Talu LLC Top NAICS codes 337215 Showcase, Partition, Shelving, and Locker Manufacturing	$826,405	0.2%	Rank history: #5 in FY2021 and not on the FY2023–FY2025 lists; down 62 since FY2021.
68	Advanced Technology Systems Inc. Through Salient Crgt, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$799,995	0.2%	Rank history: #4 in FY2021, #3 in FY2023, #9 in FY2024 and not on the FY2025 list; down 64 since FY2021.
69	Eagle Health, LLC Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$782,784	0.2%	Rank history: #64 in FY2021, #59 in FY2023 and not on the FY2024–FY2025 lists; down 5 since FY2021.
70	Mcgraw Hill Financial Inc. 3 awardees, including S&P Global Market Intelligence LLC and Capital IQ, Inc. Top NAICS codes 519130 Internet Publishing and Broadcasting and Web Search Portals 511120 Periodical Publishers	$758,785	0.2%	Rank history: #65 in FY2021, #57 in FY2023, #88 in FY2024 and #54 in FY2025; down 5 since FY2021.
71	Pac Solutions LLC Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$716,324	0.2%	Rank history: #70 in FY2021, not on the FY2023 list, #60 in FY2024 and #99 in FY2025; down 1 since FY2021.
72	Immixtechnology Inc. Top NAICS codes 541519 Other Computer Related Services	$708,720	0.2%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
73	Four LLC Top NAICS codes 541519 Other Computer Related Services 511210 Software Publishers	$652,888	0.1%	Rank history: #56 in FY2021, #62 in FY2023, #53 in FY2024 and #65 in FY2025; down 17 since FY2021.
74	Kpmg L.L.P. Top NAICS codes 541211 Offices of Certified Public Accountants	$650,139	0.1%	Rank history: #48 in FY2021 and not on the FY2023–FY2025 lists; down 26 since FY2021.
75	At&T Inc. 2 awardees, including Att Mobility LLC Top NAICS codes 541519 Other Computer Related Services	$628,885	0.1%	Rank history: #79 in FY2021, #71 in FY2023 and not on the FY2024–FY2025 lists; up 4 since FY2021.
76	Softconcept, Inc. Top NAICS codes 541512 Computer Systems Design Services	$628,318	0.1%	Rank history: #54 in FY2021 and not on the FY2023–FY2025 lists; down 22 since FY2021.
77	General Motors Company 2 awardees, including Performance Equity Management, LLC and General Motors Investment Management Corp Top NAICS codes 523110 Investment Banking and Securities Dealing	$550,267	0.1%	Rank history: #78 in FY2021, #52 in FY2023, #51 in FY2024 and #45 in FY2025; up 1 since FY2021.
78	Saliense Consulting LLC Top NAICS codes 541511 Custom Computer Programming Services	$548,043	0.1%	Rank history: #75 in FY2021, not on the FY2023–FY2024 lists and #75 in FY2025; down 3 since FY2021.
79	Four Points Technology, L.L.C. Top NAICS codes 541519 Other Computer Related Services	$546,600	0.1%	Rank history: #80 in FY2021, #77 in FY2023, #71 in FY2024 and #70 in FY2025; up 1 since FY2021.
80	Bloomberg Industry Group, Inc. Top NAICS codes 511130 Book Publishers	$536,626	0.1%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
81	The Northridge Group, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$536,624	0.1%	Rank history: #74 in FY2021, #76 in FY2023, #68 in FY2024 and #80 in FY2025; down 7 since FY2021.
82	Fedwriters, Inc. Top NAICS codes 541330 Engineering Services	$530,528	0.1%	Rank history: not on the FY2021 list, #70 in FY2023, #58 in FY2024 and #63 in FY2025; new.
83	The Clearing, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$522,216	0.1%	Rank history: #86 in FY2021, #78 in FY2023, #80 in FY2024 and not on the FY2025 list; up 3 since FY2021.
84	Milliman, Inc. 2 awardees Top NAICS codes 541612 Human Resources Consulting Services	$476,971	0.1%	Rank history: #34 in FY2021, #24 in FY2023, #10 in FY2024 and #7 in FY2025; down 50 since FY2021.
85	Bloomberg LP 3 awardees, including Bloomberg Finance LP Top NAICS codes 519130 Internet Publishing and Broadcasting and Web Search Portals 541990 All Other Professional, Scientific, and Technical Services	$439,634	0.1%	Rank history: #57 in FY2021, #63 in FY2023, #48 in FY2024 and #44 in FY2025; down 28 since FY2021.
86	Gartner, Inc. Top NAICS codes 541519 Other Computer Related Services	$421,665	0.1%	Rank history: #81 in FY2021, #79 in FY2023, #78 in FY2024 and not on the FY2025 list; down 5 since FY2021.
87	ATP Gov, LLC Top NAICS codes 541519 Other Computer Related Services	$390,215	0.1%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
88	Truetandem, LLC Top NAICS codes 313311 Broadwoven Fabric Finishing Mills	$378,643	0.1%	Rank history: not on the FY2021 list, #81 in FY2023, #76 in FY2024 and #90 in FY2025; new.
89	Man-Machine Systems Assessment (Msa), Incorporated Top NAICS codes 541330 Engineering Services	$377,274	0.1%	Rank history: #83 in FY2021 and not on the FY2023–FY2025 lists; down 6 since FY2021.
90	Creative Business Solutions, Inc. Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$364,124	0.1%	Rank history: #68 in FY2021 and not on the FY2023–FY2025 lists; down 22 since FY2021.
91	Terrence M. Deneen Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$364,000	0.1%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
92	Alvarez LLC Top NAICS codes 541519 Other Computer Related Services	$363,599	0.1%	Rank history: not on the FY2021 list, not on the FY2023 list, #75 in FY2024 and #81 in FY2025; up 21 since FY2021.
93	Aderas Inc. Top NAICS codes 541519 Other Computer Related Services	$317,870	0.1%	Rank history: #87 in FY2021, #84 in FY2023, #91 in FY2024 and #79 in FY2025; down 6 since FY2021.
94	CSM Advisors LLC Top NAICS codes 523920 Portfolio Management	$312,408	0.1%	Rank history: not on the FY2021 list, #85 in FY2023 and not on the FY2024–FY2025 lists; up 9 since FY2021.
95	West 4TH Strategy, LLC Top NAICS codes 541611 Administrative Management and General Management Consulting Services	$307,162	0.1%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; new.
96	Reed Elsevier Inc. 2 awardees, including Relx Inc. and Portfolio Media Inc. Top NAICS codes 511120 Periodical Publishers 519130 Internet Publishing and Broadcasting and Web Search Portals	$271,611	0.1%	Rank history: #89 in FY2021 and not on the FY2023–FY2025 lists; down 7 since FY2021.
97	Siemens Aktiengesellschaft Through Siemens Industry Inc. Top NAICS codes 561210 Facilities Support Services	$271,459	0.1%	Rank history: #91 in FY2021 and not on the FY2023–FY2025 lists; down 6 since FY2021.
98	LM Capital Group, LLC Top NAICS codes 523920 Portfolio Management	$257,702	0.1%	Rank history: not on the FY2021 list and not on the FY2023–FY2025 lists; up 25 since FY2021.
99	Lightfeather IO LLC Top NAICS codes 541512 Computer Systems Design Services	$248,774	0.1%	Rank history: not on the FY2021 list, #90 in FY2023, #94 in FY2024 and #84 in FY2025; new.
100	Lumen Technologies, Inc. Through Lumen Technologies Government Solutions, Inc. Top NAICS codes 517110 Wired Telecommunications Carriers	$247,929	0.1%	Rank history: #28 in FY2021, #73 in FY2023, #32 in FY2024 and #28 in FY2025; down 72 since FY2021.

How this ranking works

• Source: every contract action FPDS records (as published on SAM.gov) in the period, as GovTribe received it.
• Amounts are net obligations: what was obligated, less what was deobligated. Shares are of $449 million obligated before deobligations, so they never pass 100%.
• Parent companies: each action counts under the ultimate parent its award record names, or under the awardee when it names none, so no dollar counts twice. Parents of the same name (Inc., LLC and the like aside) count as one company, since FPDS records a company's parent under more than one UEI over time. GovTribe corrects a few parents and names by hand; see the corrections.
• Fiscal year 2022 ran Oct 1, 2021 – Sep 30, 2022. The Department of Defense reports its contract actions to FPDS about 90 days late, so a fiscal year is ranked once they're in, in February, and the list doesn't change after.
• Rank changes compare with FY2021. "New" marks a company outside that period's top 500, and "Returned" one of those that was on an earlier fiscal year's list.
• Rank lines show each company's rank on every fiscal year's list since FY2021, #1 at the top, on a scale that gives the top of the list more room. A dashed stretch spans years it wasn't on the list. The step from FY2021 takes the color of the rank change beside it.
• Placeholder recipients FPDS uses when it names no company ("Miscellaneous Foreign Contractors" and the like) aren't ranked.

Quick answers