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New awards
971
Obligated
$3.1B
Median award
$371,907
Median offers
3
  • Agencies signed about 94 new awards a year from FY2016 to FY2025, 26 of them in FY2025 (down 83% from FY2016).
  • The median award was $371,907; 363 different companies won at least one award.
  • 22% of awards that report a set-aside were set aside for small businesses or a socioeconomic program, most often small business set-asides.
  • 52 of these awards reach their potential end date (all options exercised) in the next 12 months, so most of that work comes up for re-bid.

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Awards per fiscal year

New Pension Benefit Guaranty Corporation awards of $25,000 or more by the fiscal year they were signed (October to September), with the amount obligated on them to date.

New Pension Benefit Guaranty Corporation awards per fiscal year
Fiscal yearAwardsObligated
FY2016
157
$761M
FY2017
120
$330M
FY2018
122
$347M
FY2019
132
$393M
FY2020
96
$346M
FY2021
91
$153M
FY2022
78
$250M
FY2023
63
$124M
FY2024
51
$226M
FY2025
26
$87.3M
FY2026*
35
$45.5M

* FY2026 is still filling in: the Department of Defense reports its awards 90 days late. Full years run to FY2025.

How competitive are these contracts?

78% of awards were competed. Competed awards drew a median of 3 offers, against 3 offers across all federal contracts; 31% got a single offer.

Competed awards by number of offers received
Offers receivedCompeted awards
1 (single offer)
194 (31%)
2
99 (16%)
3-4
171 (27%)
5-9
108 (17%)
10+
57 (9%)

629 competed awards with an offer count. Not competed: 217 awards (sole source, follow-on or not available for competition).

Set-asides

22% of the 452 awards that report a set-aside were reserved for small businesses or a socioeconomic program.

Awards by set-aside type
Set-asideAwards
No set-aside
351 (78%)
Small business
72 (16%)
8(a)
25 (6%)
HUBZone
4 (1%)

Orders placed under an existing contract vehicle often leave the set-aside blank (it is recorded on the vehicle), so they are left out here.

How big are the awards?

The median award was $371,907. 27% were under $100,000, the range where agencies often use simplified acquisition.

Awards by amount obligated
Amount obligatedAwards
Under $100K
266 (27%)
$100K-$1M
399 (41%)
$1M-$10M
236 (24%)
$10M+
70 (7%)

Where is the work done?

Awards by place of performance.

Where is the work done?
AwardsObligated
District of Columbia
812
$1.8B
Virginia
37
$300M
New York
35
$59.2M
Maryland
23
$46.1M
California
13
$208M
Massachusetts
12
$301M
Washington
7
$26.2M
Illinois
5
$44.2M

Largest awards

The five awards with the most obligated, as described by the contracting office. Each links to its record on USAspending.gov.

  1. Field office support servicesPension Benefit Guaranty Corporation, FY2019$141M
  2. This to is to improve customer service scores reported by a 3rd-party vendor who completes a quarterly...Pension Benefit Guaranty Corporation, FY2024$136M
  3. O&m and dm&e workPension Benefit Guaranty Corporation, FY2020$131M
  4. Portfolio management servicesPension Benefit Guaranty Corporation, FY2016$118M
  5. Portfolio management servicesPension Benefit Guaranty Corporation, FY2016$112M

Coming up for re-bid

52 of these awards reach their potential end date (every option exercised) in the 12 months after November 5, 2026. Agencies usually post the follow-on solicitation, or a sources-sought notice, months before that.

Falkview US watches SAM.gov for the follow-on notices under your NAICS codes, checks set-aside eligibility against your UEI, and drafts the response for your team to review. For janitorial, landscaping and facilities support, the recompete calendar lists the individual contracts.

See how Falkview handles a re-bid

Questions

How many bids do Pension Benefit Guaranty Corporation contracts get?

Competed awards drew a median of 3 offers (FY2016-FY2026, 629 awards with an offer count). 31% got a single offer and 26% got five or more. Across all federal contracts the median is 3 offers.

What does the Pension Benefit Guaranty Corporation buy most?

By number of new awards in FY2016-FY2026: NAICS 541519 Other Computer Related Services (207), NAICS 541611 Administrative Management and General Management Consulting Services (152), NAICS 541612 Human Resources Consulting Services (91), NAICS 511210 Software Publishers (52).

How many Pension Benefit Guaranty Corporation contracts are set aside for small business?

22% of the awards that report a set-aside were reserved for small businesses or a socioeconomic program: small business set-asides 16%, 8(a) 6%, HUBZone 1%. Orders under existing contract vehicles often leave the field blank, so those are not counted.

Where the numbers come from

Every new federal contract award of $25,000 or more signed from October 1, 2015 to September 30, 2026 (FY2016 to FY2026), as reported to USAspending.gov from the Federal Procurement Data System: definitive contracts, purchase orders, delivery orders and BPA calls. Amounts are what has been obligated on each award to date, options and modifications included. Place is the place of performance.

Offer counts are FPDS's “number of offers received” on competed awards. Award recipients are counted but not named here. Pages with fewer than 150 awards (500 for one code in one state) are left out of search engines, because a handful of awards can swing the numbers.

Compiled by Falkview US from public data, updated November 5, 2026. Free to reuse under CC BY 4.0 with a link to the page.

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