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Pension Benefit Guaranty Corporation Awarded a Contract to ALLSPRING GLOBAL INVESTMENTS, LLC for $29,624,245.28

Signed on

3/30/2016, 12:00 AM

ALLSPRING GLOBAL INVESTMENTS, LLC Government Contract #PBGC01CT160023

ALLSPRING GLOBAL INVESTMENTS, LLC was awarded a contract with the United States Government for $29,624,245.28. 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 Allspring Global Investments, LLC, which is located in San Francisco, California. They are awarded a contract for portfolio management services by the Pension Benefit Guaranty Corporation. The contract is valued at $29,624,245.28 and spans from April 2016 to March 2026. Notable transactions include various payments made over the years, with some transactions involving amounts like $2,700,000, $2,600,000, and $2,500,000.

Contract Details

Contract IDPBGC01CT160023
Contract TypeD
Total Obligation$29,624,245.28
Exercised Options$29,624,245.28
Base Amount + Options$29,624,245.28
Date Signed2016-03-30
Contract DescriptionIGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES
Start Date2016-04-01
End Date2026-03-31

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

RecipientALLSPRING GLOBAL INVESTMENTS, LLC
Recipient Location525 MARKET ST 10TH FL SAN FRANCISCO CALIFORNIA, 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 #P00054$0.00May 14, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00053$0.00April 13, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00052$0.00April 10, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00051$2,700,000.00March 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,700,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00050$2,600,000.00December 16, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,600,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00049$2,400,000.00March 18, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,400,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00048$2,400,000.00February 10, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,400,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00046$0.00November 14, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00045$-563,926.97August 21, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-563,926.97 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00044$0.00March 21, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00043$2,500,000.00March 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00042$2,500,000.00November 2, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00041$0.00May 9, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00040$2,500,000.00March 21, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00039$-117,834.63February 21, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-117,834.63 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00038$2,500,000.00November 10, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00037$0.00September 12, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00036$0.00August 24, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00035$1,000,000.00August 2, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00034$-180,417.62June 30, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-180,417.62 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00033$100,000.00March 28, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00032$4,000,000.00December 14, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $4,000,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00030$500,000.00August 16, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00029$-81,038.36June 24, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-81,038.36 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00028$1,130,000.00June 21, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,130,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00027$42,000.00February 4, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $42,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00026$1,400,000.00December 10, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,400,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00025$0.00September 8, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00024$100,000.00August 2, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00023$745,000.00March 15, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $745,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00022$-34,376.44January 11, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-34,376.44 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00021$1,745,000.00November 4, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,745,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00020$100,000.00September 10, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$380,000.00April 29, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $380,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$0.00March 11, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017$310,000.00February 22, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $310,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00016$-9,738.32January 16, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-9,738.32 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00015$450,000.00November 7, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $450,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$0.00September 5, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00013$-500,000.00August 27, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-500,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012$505,261.68May 18, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $505,261.68 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00011$10,000.00February 20, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $10,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$539,252.25November 7, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $539,252.25 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$0.00July 27, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #8$0.00June 30, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #7$10,000.00May 31, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $10,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #6$250,000.00January 19, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $250,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #5$-87,436.31January 17, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-87,436.31 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #4$0.00December 14, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #3$265,000.00October 25, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $265,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #2$-200,000.00August 12, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-200,000.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #1$0.00April 29, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$417,500.00March 30, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $417,500.00 to ALLSPRING GLOBAL INVESTMENTS, LLC. The payment included a Subsidy Cost of $0.00.