Data / Federal awards / NAICS 523940 / Pension Benefit Guaranty Corporation
Pension Benefit Guaranty Corporation contracts under NAICS 523940 Portfolio Management and Investment Advice: $46.6 million to 19 recipients (FY2024 to FY2027)
Updated October 6, 2026. Source: USAspending.gov.
Pension Benefit Guaranty Corporation obligated $46.6 million under NAICS 523940, Portfolio Management and Investment Advice, across 22 contract awards to 19 named recipients in fiscal years 2024 to 2027. The largest recipients are PACIFIC INVESTMENT MANAGEMENT COMPANY LLC ($5.5 million), PGIM, INC. ($4.6 million), WELLINGTON MANAGEMENT COMPANY LLP ($3.2 million).
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- Agency
- Pension Benefit Guaranty Corporation
- NAICS code
- 523940 Portfolio Management and Investment Advice
- Contract awards
- 22
- Obligated
- $46.6 million
- Named recipients
- 19
- Small business share of obligations
- 33%
- Full and open competition share
- 31%
- Set aside share
- 0%
- Latest action
- 2026-09-25
Incumbents at this agency
Ranked by dollars obligated in fiscal years 2024 to 2027.
| Recipient | Business size | Awards | Obligated | Share |
|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Other Than Small Business | 1 | $5.5 million | 11.8% |
| PGIM, INC. | Other Than Small Business | 1 | $4.6 million | 9.9% |
| WELLINGTON MANAGEMENT COMPANY LLP | Other Than Small Business | 1 | $3.2 million | 6.9% |
| COLCHESTER GLOBAL INVESTORS LIMITED | Other Than Small Business | 1 | $3.2 million | 6.8% |
| PUGH CAPITAL MANAGEMENT INC | Small Business | 2 | $3 million | 6.5% |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $3 million | 6.4% |
| AQR CAPITAL MANAGEMENT LLC | Other Than Small Business | 1 | $3 million | 6.4% |
| MERGANSER CAPITAL MANAGEMENT, LLC | Small Business | 1 | $2.9 million | 6.1% |
| ALLSPRING GLOBAL INVESTMENTS, LLC | Other Than Small Business | 1 | $2.6 million | 5.5% |
| NEW CENTURY ADVISORS LLC | Small Business | 2 | $2.5 million | 5.4% |
| LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | Small Business | 2 | $2.5 million | 5.3% |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P | Other Than Small Business | 1 | $2.4 million | 5.1% |
| RAMIREZ ASSET MANAGEMENT, INC. | Small Business | 1 | $2.3 million | 5.0% |
| SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Other Than Small Business | 1 | $2.2 million | 4.7% |
| NATIONAL INVESTMENT SERVICES OF AMERICA, LLC | Small Business | 1 | $1.4 million | 3.0% |
| NINETY ONE NORTH AMERICA, INC. | Other Than Small Business | 1 | $1.2 million | 2.6% |
| J. P. MORGAN INVESTMENT MANAGEMENT INC. | Other Than Small Business | 1 | $650,000 | 1.4% |
| CORPORATE REPAIR AND GROWTH STRATEGIES, INC | Small Business | 1 | $602,958 | 1.3% |
| CSM ADVISORS LLC | Small Business | 1 | $-69,334 | -0.1% |
Offices buying
| Sub agency | Awards | Obligated |
|---|---|---|
| Pension Benefit Guaranty Corporation | 22 | $46.6 million |
Obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2024 | $7.1 million |
| FY2025 | $5.5 million |
| FY2026 | $34 million |
Products and services bought
| Code | Product or service | Awards | Obligated |
|---|---|---|---|
| R710 | Support- Management: Financial | 22 | $46.6 million |
Largest contract awards
| Award ID | Recipient | Agency | Type | NAICS | What it buys | Obligated in window | Award value | Starts | Ends | Place of performance | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16PBGC26P0010 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC. - (PBGC01CT160020) BRIDGE | $5,500,000 | $5,500,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC26P0011 | PGIM, INC. | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | PGIM, INC. - (PBGC01CT160015) BRIDGE | $4,600,000 | $4,600,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC26P0008 | WELLINGTON MANAGEMENT COMPANY LLP | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | WELLINGTON MANAGEMENT COMPANY LLP - (PBGC01CT160019) BRIDGE | $3,200,000 | $3,200,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0040 | COLCHESTER GLOBAL INVESTORS LIMITED | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | INVESTMENT MANAGEMENT | $3,163,817 | $3,163,817 | January 26, 2024 | July 25, 2025 | Washington, DC | usaspending.gov |
| 16PBGC24C0034 | PUGH CAPITAL MANAGEMENT INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $3,043,474 | $3,043,474 | January 1, 2024 | December 31, 2026 | Seattle, WA | usaspending.gov |
| 16PBGC26C0004 | LOS ANGELES CAPITAL MANAGEMENT LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $3,000,000 | $3,000,000 | March 27, 2026 | March 29, 2027 | Los Angeles, CA | usaspending.gov |
| 16PBGC26C0006 | AQR CAPITAL MANAGEMENT LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $3,000,000 | $3,000,000 | March 27, 2026 | March 29, 2027 | Greenwich, CT | usaspending.gov |
| 16PBGC24C0036 | MERGANSER CAPITAL MANAGEMENT, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $2,859,454 | $2,859,454 | January 1, 2024 | July 29, 2026 | Boston, MA | usaspending.gov |
| 16PBGC24C0037 | NEW CENTURY ADVISORS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $2,551,997 | $2,551,997 | January 1, 2024 | July 29, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26P0012 | ALLSPRING GLOBAL INVESTMENTS, LLC | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | ALLSPRING GLOBAL - (PBGC01CT160023) BRIDGE | $2,550,000 | $2,550,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0033 | LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT & INVESTMENT ADVICE | $2,494,442 | $2,494,442 | January 1, 2024 | December 31, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26P0009 | GOLDMAN SACHS ASSET MANAGEMENT, L.P | Pension Benefit Guaranty Corporation | Purchase Order | 523940 | GOLDMAN SACHS ASSET MANAGEMENT, LP - (PBGC01CT160016) BRIDGE | $2,400,000 | $2,400,000 | September 25, 2026 | June 30, 2027 | Washington, DC | usaspending.gov |
| 16PBGC24C0035 | RAMIREZ ASSET MANAGEMENT, INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $2,309,134 | $2,309,134 | January 1, 2024 | July 29, 2026 | New York, NY | usaspending.gov |
| 16PBGC26C0003 | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $2,213,650 | $2,213,650 | March 27, 2026 | November 29, 2026 | New York, NY | usaspending.gov |
| 16PBGC24C0038 | NATIONAL INVESTMENT SERVICES OF AMERICA, LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | PORTFOLIO MANAGEMENT SERVICES | $1,411,191 | $1,411,191 | January 1, 2024 | July 29, 2026 | Milwaukee, WI | usaspending.gov |
| 16PBGC26C0005 | NINETY ONE NORTH AMERICA, INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | EMERGING MARKETS EQUITY BRIDGE CONTRACT | $1,214,286 | $1,214,286 | March 27, 2026 | November 29, 2026 | New York, NY | usaspending.gov |
| 16PBGC26C0001 | J. P. MORGAN INVESTMENT MANAGEMENT INC. | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | THE INVESTMENT MANAGEMENT ORGANIZATION RETAINED UNDER CONTRACT BY PBGC IS RESPONSIBLE FOR MONITORING INHERITED PRIVATE ASSET LIMITED PARTNER | $650,000 | $650,000 | December 23, 2025 | December 31, 2026 | Washington, DC | usaspending.gov |
| 16PBGC26C0002 | CORPORATE REPAIR AND GROWTH STRATEGIES, INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | SPECIAL SITUATION INVESTMENT MANAGEMENT SERVICES (SSIMS) | $602,958 | $602,958 | February 24, 2026 | February 28, 2027 | Montgomery, OH | usaspending.gov |
| 16PBGC23C0017 | PUGH CAPITAL MANAGEMENT INC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | ASSET MANAGEMENT SERVICES | $-16,868 | $383,132 | July 1, 2023 | December 31, 2023 | Seattle, WA | usaspending.gov |
| 16PBGC23C0019 | NEW CENTURY ADVISORS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | ASSET MANAGEMENT SERVICES | $-17,773 | $382,227 | July 1, 2023 | December 31, 2023 | Chevy Chase, MD | usaspending.gov |
| 16PBGC23C0018 | LONGFELLOW INVESTMENT MANAGEMENT CO., LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | ASSET MANAGEMENT SERVICES | $-29,120 | $320,880 | July 1, 2023 | December 31, 2023 | Washington, DC | usaspending.gov |
| 16PBGC23C0016 | CSM ADVISORS LLC | Pension Benefit Guaranty Corporation | Definitive Contract | 523940 | ASSET MANAGEMENT SERVICES | $-69,334 | $130,666 | July 1, 2023 | December 31, 2023 | Pittsburgh, PA | usaspending.gov |
Public U.S. federal spending data (U.S. Department of the Treasury). Obligations are the contract actions dated in fiscal years 2024 to 2027 of the USAspending.gov award archive of 2026-10-06; a contract's total value is its current value as USAspending reports it, including earlier years. Recipients are matched on their SAM.gov UEI, never on the name, and are shown as the government prints them. Sole proprietorships and opted-out entities count in the totals and are not named. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.