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Pension Benefit Guaranty Corporation Awarded a Contract to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC for $31,099,796.82

Signed on

9/25/2015, 12:00 AM

SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC Government Contract #PBGC01CT150043

SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC was awarded a contract with the United States Government for $31,099,796.82. 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 Schroder Investment Management North America Inc, a foreign-owned business incorporated in the U.S. The contract, funded by the Pension Benefit Guaranty Corporation, is for portfolio management services and is worth $31,099,796.82. Notable spending patterns include base exercised options for the same amount and total account outlays of $9,829,593.19.

Contract Details

Contract IDPBGC01CT150043
Contract TypeD
Total Obligation$31,099,796.82
Exercised Options$31,099,796.82
Base Amount + Options$31,099,796.82
Date Signed2015-09-25
Contract DescriptionIGF::OT::IGF
Start Date2015-09-30
End Date2026-03-29

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

RecipientSCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC
Recipient Location875 3RD AVE 22ND FL NEW YORK NEW YORK, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations

Comments

Award Transactions

Transaction #P00033$520,000.00June 4, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $520,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00032$-864,885.38February 6, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-864,885.38 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00031$1,000,000.00September 2, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00030$0.00March 22, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00029$-1,893,683.15August 6, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,893,683.15 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00028$2,400,000.00July 30, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,400,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00027$0.00March 28, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00026$3,000,000.00August 14, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,000,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00025$-1,621,358.45May 30, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,621,358.45 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00024$4,000,000.00September 2, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $4,000,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00023$-90,602.12July 7, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-90,602.12 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00021$4,100,000.00August 23, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $4,100,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$0.00August 20, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00018$78,711.49August 20, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $78,711.49 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00020$-329,539.16August 20, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-329,539.16 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017$0.00November 16, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016$3,900,000.00August 6, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,900,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$-354,767.24January 11, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-354,767.24 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00014$3,500,000.00September 17, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,500,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$500,000.00July 17, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $500,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$-1,375,797.72January 17, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,375,797.72 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$0.00September 20, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010$3,856,000.00August 26, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,856,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-754,506.59April 3, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-754,506.59 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008$0.00January 29, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$1,611,800.00September 12, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,611,800.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #6$3,450,000.00July 25, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,450,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #5$1,000,000.00March 14, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #4$-491,574.86November 9, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-491,574.86 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #3$1,500,000.00September 27, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,500,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #2$300,000.00September 9, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $300,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #1$1,400,000.00July 29, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,400,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.

Transaction #0$2,760,000.00September 25, 2015

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,760,000.00 to SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC. The payment included a Subsidy Cost of $0.00.