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Pension Benefit Guaranty Corporation Awarded a Contract to GRANT THORNTON LLP for $5,461,368.02

Signed on

8/17/2021, 12:00 AM

GRANT THORNTON LLP Government Contract #16PBGC21M0013

GRANT THORNTON LLP was awarded a contract with the United States Government for $5,461,368.02. 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 Grant Thornton LLP, a U.S.-owned business providing professional support services. The contract, funded by the Pension Benefit Guaranty Corporation, is for retirement plan participant data review support services totaling $5,461,368.02. Notable transactions include a payment of $593,232.88 in May 2026, and a significant payment of $2,260,629.69 in February 2024 to Grant Thornton LLP for the same contract. Other transactions include varying amounts from $575,271.79 to $750,000.

Contract Details

Contract ID16PBGC21M0013
Contract TypeA
Total Obligation$5,461,368.02
Exercised Options$5,461,368.02
Base Amount + Options$5,461,368.02
Date Signed2021-08-17
Contract DescriptionMCCLATCHY COMPANY RETIREMENT PLAN PARTICIPANT DATA REVIEW SUPPORT SERVICES
Start Date2021-08-17
End Date2025-02-16

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

RecipientGRANT THORNTON LLP
Recipient Location1000 WILSON BLVD STE 1400 ARLINGTON 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 #P00012$-593,232.88May 28, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-593,232.88 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$2,260,629.69February 14, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,260,629.69 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$575,271.79January 10, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $575,271.79 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-0.65December 3, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-0.65 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008$0.00September 7, 2023

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

This payment could indicate a change to the existing contract.

Transaction #P00007$593,991.51August 11, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $593,991.51 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$593,991.51February 5, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $593,991.51 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$291,621.21September 27, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $291,621.21 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$583,000.69August 7, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $583,000.69 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00April 29, 2022

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

This payment could indicate a change to the existing contract.

Transaction #P00002$406,095.15September 23, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $406,095.15 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00September 21, 2021

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

This payment could indicate a change to the existing contract.

Transaction #0$750,000.00August 17, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $750,000.00 to GRANT THORNTON LLP. The payment included a Subsidy Cost of $0.00.