U.S. BANCORP - RECOMPETE OF CONTRACT NUMBER 16PBGC20C0005 FOR LOCKBOX SERVICE FOR THE MISSING PARTICIPANTS PROGRAM. THE SERVICE SHOULD BE IN ACCORDANCE WITH THE CONTRACT TERMS AND CONDITIONS, THE STATEMENT OF WORK (SOW) AND THE CONTRACTOR'S QUOTE.

PIID: 16PBGC25P0064Solicitation ID: 16PBGC25Q0060

Signed Date: Mar 2, 2026Effective Date: Jun 17, 2025End Date: Closes in 248 days

Award $

$15K

Vendor

U.S. BANCORP

NAICS

522320

Signed Date

Mar 2, 2026

Key Details

Dollars Obligated

$14,617.6

Base & All Options

Awarding Agency

Pension Benefit Guaranty Corporation

Awarding Sub-Agency

Pension Benefit Guaranty Corporation

NAICS Code

522320 - FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES

Product Service Code

R710 - SUPPORT- MANAGEMENT: FINANCIAL

Extent Competed

COMPETED UNDER SAP

Number of Offers

Place of Performance

MINNEAPOLIS, MN, 554027014, CD-MN-05

Description

RECOMPETE OF CONTRACT NUMBER 16PBGC20C0005 FOR LOCKBOX SERVICE FOR THE MISSING PARTICIPANTS PROGRAM. THE SERVICE SHOULD BE IN ACCORDANCE WITH THE CONTRACT TERMS AND CONDITIONS, THE STATEMENT OF WORK (SOW) AND THE CONTRACTOR'S QUOTE.

Context & Analysis

On Mar 2, 2026, Pension Benefit Guaranty Corporation obligated $14,617.6 to U.S. BANCORP for recompete of contract number 16pbgc20c0005 for lockbox service for the missing participants program. the service should be in accordance with the contract terms and conditions, the statement of work (…. The award is classified under NAICS 522320 — FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES and issued as a firm fixed price contract. Competition extent: competed under sap with 5 offers received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in MINNEAPOLIS, MN. The contract is scheduled through Feb 13, 2027 — approximately 8 months remaining.