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Pension Benefit Guaranty Corporation Awarded a Contract to U.S. BANCORP for $36,464.62

Signed on

12/13/2019, 12:00 AM

U.S. BANCORP Government Contract #16PBGC20C0005

U.S. BANCORP was awarded a contract with the United States Government for $36,464.62. 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 U.S. Bancorp, a U.S.-owned business in Minneapolis, Minnesota. The contract is for lockbox service for the Missing Participants Program, funded by the Pension Benefit Guaranty Corporation, with a total obligation of $33,749.15. Notable spending patterns include a total account obligation of $41,026.93 and using a firm-fixed price contract pricing.

Contract Details

Contract ID16PBGC20C0005
Contract TypeD
Total Obligation$33,749.15
Exercised Options$33,749.15
Base Amount + Options$36,464.62
Date Signed2019-12-13
Contract DescriptionLOCKBOX SERVICE FOR MISSING PARTICIPANTS PROGRAM.
Start Date2019-12-15
End Date2025-06-13

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

RecipientU.S. BANCORP
Recipient Location800 NICOLLET MALL STE 1500 MINNEAPOLIS MINNESOTA, 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 #P00010$-17,163.38September 4, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-17,163.38 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009$2,800.00February 13, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,800.00 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$1,400.00November 19, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,400.00 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$0.00March 11, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006$9,885.60December 13, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $9,885.60 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$-2,715.47September 25, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-2,715.47 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$9,885.60November 28, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $9,885.60 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$9,885.60November 10, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $9,885.60 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$0.00November 9, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001$9,885.60November 19, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $9,885.60 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.

Transaction #0$9,885.60December 13, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $9,885.60 to U.S. BANCORP. The payment included a Subsidy Cost of $0.00.