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Pension Benefit Guaranty Corporation Awarded a Contract to KPMG LLP for $10,367,251.00

Signed on

1/8/2025, 12:00 AM

KPMG LLP Government Contract #140D0425F0074

KPMG LLP was awarded a contract with the United States Government for $10,367,251.00. The contract was awarded by the agency office IBC ACQ SVCS DIRECTORATE (00004), which is a division with the Departmental Offices within the Department of the Interior.

Summary of Award

KPMG LLP, a U.S.-owned business based in Virginia, was awarded a $2,165,028 contract by the General Services Administration through the Federal Acquisition Service for conducting an integrated audit. The contract was funded by the Pension Benefit Guaranty Corporation and involves auditing services. Notable spending patterns include various transactions, such as a $1,983,355 payment and a $50,000 negative transaction.

Contract Details

Contract ID140D0425F0074
Contract TypeC
Total Obligation$2,165,028.00
Exercised Options$2,165,028.00
Base Amount + Options$10,367,251.00
Date Signed2025-01-08
Contract DescriptionTHE PBGC HAS A REQUIREMENT FOR CONDUCTING THE INTEGRATED AUDIT IN ACCORDANCE WITH AUDITING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAS), GOVERNMENT AUDITING STANDARDS, ISSUED BY THE COMPTROLLER GENERAL OF THE UNITED STATES (GAG
Start Date2025-02-01
End Date2026-01-31

Agency Details

Awarding AgencyDepartment of the Interior
Awarding Sub AgencyDepartmental Offices
Awarding OfficeIBC ACQ SVCS DIRECTORATE (00004)
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientKPMG LLP
Recipient Location8350 BROAD ST STE 900 MC LEAN VIRGINIA, UNITED STATES
Business CategoriesCategory Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00003$0.00November 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$118,329.00September 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $118,329.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00February 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$2,046,699.00January 8, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,046,699.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$1,984,355.00January 27, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,984,355.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00November 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$118,329.00September 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $118,329.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00February 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$2,046,699.00January 8, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,046,699.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$-50,000.00March 10, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-50,000.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$1,984,355.00January 27, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,984,355.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00November 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$118,329.00September 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $118,329.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00February 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$2,046,699.00January 8, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,046,699.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$165,222.40April 14, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $165,222.40 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$-50,000.00March 10, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-50,000.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$1,984,355.00January 27, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,984,355.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00November 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$118,329.00September 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $118,329.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00February 3, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$2,046,699.00January 8, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,046,699.00 to KPMG LLP. The payment included a Subsidy Cost of $0.00.