16PBGC23C0008↗

Name: 16PBGC23C0008: Primary Paying Agent Services
Creator: SpendQuery
License: https://www.usa.gov/government-works

PRIMARY PAYING AGENT SERVICES

Definitive Contract · Pension Benefit Guaranty Corporation · to State Street Corporation (UEI ESYMEX6MH9K7) · data as of 2026-10-21

Obligated to date$40.92M14 actions

Current value$40.92Mwith options exercised

Potential value$106.91Mif every option is used

Period2023-04-01 → 2027-03-31up to 2033-03-31 with options

Up for re-bid: ends 2027-03-31. Recompete brief →

What it is

Product or service: Support- Professional: Other (PSC R499)
Industry: Payroll Services (NAICS 541214)
Contracting office: Pension Benefit Guaranty Corp (16PBGC)
Competition: Full and open competition · 1 offer received
Pricing: Firm fixed price
How it was bought: Standalone contract
Solicitation: 16PBGC22R0008
Where the work is: Suffolk, MA · district MA-08

Obligations by fiscal year

FY2023$10.00M

FY2024$10.16M

FY2025$10.31M

FY2026$10.45M

SpendQuery holds FY2023 on; earlier years are on USAspending.gov.

Subcontractors: where the money went next

No subawards reported for this award. Primes report subawards of $30,000 or more; many awards have none.

Every action

14 actions since 2023-03-30. Each is a modification or amendment with the money it added or took back.

Date	Modification	Kind	Amount	What the agency wrote
2026-09-08	P00013	Funding only	-$20.5K	THE PURPOSE OF THIS MODIFICATION IS TO DE-OBLIGATE FY23 FUNDS IN THE AMOUNT OF $20,494.24 (CLIN 0003).
2026-05-29	P00012	Supplemental agreement (work within scope)	$0	THE PURPOSE OF THIS MODIFICATION IS TO IMPLEMENT EXECUTIVE ORDER 14398, "ADDRESSING DEI DISCRIMINATION BY FEDERAL CONTRACTORS."
2026-04-14	P00011	Administrative change	$0	THE PURPOSE OF THIS MODIFICATION IS TO IMPLEMENT EXECUTIVE ORDER 14173, "ENDING ILLEGAL DISCRIMINATION AND RESTORING MERIT-BASED OPPORTUNITY."
2026-03-23	P00010	Option exercised	$10.44M	THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND OPTION PERIOD 3 FROM APRIL 1, 2026 THROUGH MARCH 31, 2027.
2026-03-19	P00009	Supplemental agreement (work within scope)	$28.0K	THE PURPOSE OF THIS MODIFICATION IS TO INCREASE THE CEILING FOR OPTION PERIOD 2 AND TO ADD $27,960 IN FUNDING TO SUPPORT THE TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) NOTICES AND THE 2025 1099 R TAX FORMS.
2025-07-28	P00008	Administrative change	$10.31M	THE PURPOSE OF THIS MODIFICATION IS TO CORRECT FUNDING INCONSISTENCIES RELATED UNIT OF MEASURE ISSUES IN AMS.
2025-07-02	P00007	Administrative change	-$10.31M	THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDS FOR OPTION PERIOD 2 OF THE CONTRACT FOR MAILING THE INTERNAL REVENUE SERVICE (IRS) MANDATED TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) NOTICES.
2025-06-17	P00006	Supplemental agreement (work within scope)	$24.3K	THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDS FOR OPTION PERIOD 2 OF THE CONTRACT FOR MAILING THE INTERNAL REVENUE SERVICE (IRS) MANDATED TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) NOTICES.
2025-03-13	P00005	Option exercised	$10.28M	THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND OPTION PERIOD 2 FROM APRIL 1, 2025 TO MARCH 31, 2026 IN THE AMOUNT OF $10,283,760.
2024-03-31	P00004	Option exercised	$10.13M	THE PURPOSE OF THIS MODIFICATION IS TO FULLY FUND AND EXERCISE OPTION PERIOD ONE.
2024-03-29	P00003	Administrative change	$27.4K	THE PURPOSE OF THIS MODIFICATION IS TO FUNDING AND TO ADD THE IPP CLAUSE TO THE CONTRACT.
2024-02-20	P00002	Administrative change	$0	ADD MANDATORY CLAUSE TO PRIMARY PAYING AGENT REQUIREMENT.
2023-09-25	P00001	Funding only	$20.5K	THE PURPOSE OF THIS MODIFICATION WAS TO ADD FUNDS TO THE BASE PERIOD.
2023-03-30	0		$9.98M	PRIMARY PAYING AGENT SERVICES

Source: USAspending.gov prime award transactions and FSRS subaward reports, as loaded by SpendQuery (data as of 2026-10-21). Amounts are obligations (money committed), not outlays. The official record on USAspending.gov ↗

Putting the award page together from the records…