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Department of the Treasury Awarded a Contract to CHARLES SCHWAB & CO., INC for $486,000.00

Signed on

11/20/2023, 12:00 AM

CHARLES SCHWAB & CO., INC Government Contract #2031JW24C00003

CHARLES SCHWAB & CO., INC was awarded a contract with the United States Government for $486,000.00. The contract was awarded by the agency office COMPTROLLER OF CURRENCY ACQS, which is a division with the Office of the Comptroller of the Currency within the Department of the Treasury.

Summary of Award

The recipient of the federal contract is Charles Schwab & Co., Inc., a U.S.-owned business based in San Francisco, California. The contract, funded by the Department of the Treasury's Office of the Comptroller of the Currency, is for financial management support services totaling $486,000. Notable transactions include an initial obligation of $110,400 and a subsequent transaction of -$81,396.5.

Contract Details

Contract ID2031JW24C00003
Contract TypeD
Total Obligation$110,400.00
Exercised Options$213,900.00
Base Amount + Options$486,000.00
Date Signed2023-11-20
Contract DescriptionHQ - 2022-NOV-08 - THIS REQUISITION IS FOR THE 401(K) CONTRACT RECOMPETE. THE CONTRACT ENDS 12/31/2023. THIS WILL BE A 2-YEAR BASE PERIOD WITH 4, 2-YEAR OPTION PERIODS. JUSTIFICATION OF THE SERVICE
Start Date2024-01-01
End Date2027-12-31

Agency Details

Awarding AgencyDepartment of the Treasury
Awarding Sub AgencyOffice of the Comptroller of the Currency
Awarding OfficeCOMPTROLLER OF CURRENCY ACQS
Funding AgencyDepartment of the Treasury
Funding Sub AgencyOffice of the Comptroller of the Currency
Funding OfficeOFFICE OF MANAGEMENT / CFO

Recipient Details

RecipientCHARLES SCHWAB & CO., INC
Recipient Location211 MAIN ST SAN FRANCISCO CALIFORNIA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00001 | $0.00November 13, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $0.00 to CHARLES SCHWAB & CO., INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $110,400.00November 20, 2023

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $110,400.00 to CHARLES SCHWAB & CO., INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $-81,396.50April 1, 2026

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $-81,396.50 to CHARLES SCHWAB & CO., INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $0.00November 13, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $0.00 to CHARLES SCHWAB & CO., INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $110,400.00November 20, 2023

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $110,400.00 to CHARLES SCHWAB & CO., INC. The payment included a Subsidy Cost of $0.00.