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Pension Benefit Guaranty Corporation Awarded a Contract to GENERAL MOTORS INVESTMENT MANAGEMENT CORP for $1,650,000.00

Signed on

10/1/2019, 12:00 AM

GENERAL MOTORS INVESTMENT MANAGEMENT CORP Government Contract #16PBGC20C0002

GENERAL MOTORS INVESTMENT MANAGEMENT CORP was awarded a contract with the United States Government for $1,650,000.00. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

The recipient of the federal contract is General Motors Investment Management Corp, specializing in financial asset administration. The contract, funded by the Pension Benefit Guaranty Corporation, is worth $1,062,500 and involves management support services in financial areas. Notable transactions include several payments to the recipient, with some transactions valued at $150,000 and others at $125,00 or $0.

Contract Details

Contract ID16PBGC20C0002
Contract TypeD
Total Obligation$1,062,500.00
Exercised Options$1,062,500.00
Base Amount + Options$1,650,000.00
Date Signed2019-10-01
Contract DescriptionFINANCIAL ASSETS ADMIN
Start Date2019-10-01
End Date2026-10-31

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientGENERAL MOTORS INVESTMENT MANAGEMENT CORP
Recipient Location1345 AVE OF THE AMERICAS NEW YORK NEW YORK, 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 #P00012$0.00April 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$0.00February 18, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010$150,000.00October 27, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$150,000.00October 28, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$0.00April 10, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$150,000.00October 30, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$150,000.00October 17, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$12,500.00September 29, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $12,500.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$150,000.00December 20, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00August 23, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$150,000.00December 10, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00August 28, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$150,000.00October 1, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$0.00April 13, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012$0.00April 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$0.00February 18, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010$150,000.00October 27, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$150,000.00October 28, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$0.00April 10, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$150,000.00October 30, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$150,000.00October 17, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$12,500.00September 29, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $12,500.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$150,000.00December 20, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00August 23, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$150,000.00December 10, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00August 28, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$150,000.00October 1, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $150,000.00 to GENERAL MOTORS INVESTMENT MANAGEMENT CORP. The payment included a Subsidy Cost of $0.00.