FIRM FIXED PRICENO SET ASIDE USED.

BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION - IGF::CT::IGF

PIID: PBGC01CT160005Solicitation ID: PBGC01-RP-15-0013

Signed Date: Jan 2, 2026Effective Date: Nov 1, 2015End Date: Closed on Dec 15, 2025

Award $

$14.0M

Vendor

BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION

NAICS

523920

Signed Date

Jan 2, 2026

Key Details

Dollars Obligated

$14.0M

Base & All Options

$-970,576.61

Awarding Agency

Pension Benefit Guaranty Corporation

Awarding Sub-Agency

Pension Benefit Guaranty Corporation

NAICS Code

523920 - PORTFOLIO MANAGEMENT

Product Service Code

R710 - SUPPORT- MANAGEMENT: FINANCIAL

Extent Competed

FULL AND OPEN COMPETITION

Number of Offers

Place of Performance

SAN FRANCISCO, CA, 941050002, CD-CA-11

Description

IGF::CT::IGF

Context & Analysis

On Jan 2, 2026, Pension Benefit Guaranty Corporation obligated $13,988,883.91 to BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION for igf::ct::igf. The award is classified under NAICS 523920 — PORTFOLIO MANAGEMENT and issued as a firm fixed price contract. Competition extent: full and open competition with 3 offers received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in SAN FRANCISCO, CA. This award is one of several similar procurements from Pension Benefit Guaranty Corporation under NAICS 523920 — related awards are listed below.

Market context

Recompete outlook: Ended Dec 15, 2025 (10 months ago). Recompete signal as of Oct 12, 2026: 25/100, combining time to the end date, the incumbent's history with this agency, whether the award was competed, and its size.
Competition: Competed, with 3 offers. 100% of 23 awards in this market (Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years) were competed; median 22 offers.
Award size: At $14.0M, this award is smaller than three in four of the 23 priced Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years (median $30.6M).
Incumbent at this agency: BLACKROCK INSTITUTIONAL TRUST COMPANY NATIONAL ASSOCIATION has 1 other award from Pension Benefit Guaranty Corporation, totalling $1.5M, in 2026.
Largest vendors in this market: By obligations, Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years.
PGIM, INC. — 2 awards, $224.3M
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC — 2 awards, $219.2M
ARROWSTREET CAPITAL LP — 2 awards, $115.7M
WELLINGTON MANAGEMENT COMPANY LLP — 1 award, $87.5M
AQR CAPITAL MANAGEMENT LLC — 2 awards, $61.2M