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Pension Benefit Guaranty Corporation Awarded a Contract to MFS INSTITUTIONAL ADVISORS INC for $12,214,691.59

Signed on

6/23/2016, 12:00 AM

MFS INSTITUTIONAL ADVISORS INC Government Contract #PBGC01CT170003

MFS INSTITUTIONAL ADVISORS INC was awarded a contract with the United States Government for $12,214,691.59. 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 MFS Institutional Advisors Inc, a U.S.-owned business in Boston, Massachusetts. The contract, awarded by the Pension Benefit Guaranty Corporation, is for portfolio management services worth $12,214,691.59. Notable transactions include payments ranging from -$371,295.21 to $2,500,000 made to the recipient for various services under the contract.

Contract Details

Contract IDPBGC01CT170003
Contract TypeD
Total Obligation$12,214,691.59
Exercised Options$12,214,691.59
Base Amount + Options$12,214,691.59
Date Signed2016-06-23
Contract DescriptionIGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES
Start Date2016-10-01
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

RecipientMFS INSTITUTIONAL ADVISORS INC
Recipient Location111 HUNTINGTON AVE STE 200 BOSTON MASSACHUSETTS, 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 #P00034$-160,709.95February 2, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-160,709.95 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00033$2,500,000.00October 27, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,500,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00032$350,000.00June 17, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $350,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00031$0.00April 9, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00030$2,170,000.00October 11, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,170,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00029$-371,295.21July 18, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-371,295.21 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00028$0.00March 25, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00027$1,200,000.00October 30, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,200,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00026$-2,488.93August 2, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-2,488.93 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00025$1,000,000.00October 23, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00024$300,000.00September 15, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $300,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00023$-17,579.57July 26, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-17,579.57 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00022$1,000,000.00December 13, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00020$10,000.00August 6, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $10,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$0.00July 26, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00018$-77,964.69July 6, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-77,964.69 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017$930,000.00December 10, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $930,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00016$0.00September 4, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00015$0.00June 12, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00014$-21,642.92February 13, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-21,642.92 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00013$890,000.00November 6, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $890,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00September 24, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$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 MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$-66,580.51May 2, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-66,580.51 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009$0.00March 27, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008$800,000.00December 3, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $800,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$0.00August 29, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006$5,000.00March 8, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $5,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$807,243.42November 7, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $807,243.42 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$0.00September 11, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003$0.00August 31, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$10,000.00August 30, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $10,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #1$100,000.00June 9, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $100,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.

Transaction #0$600,000.00June 23, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $600,000.00 to MFS INSTITUTIONAL ADVISORS INC. The payment included a Subsidy Cost of $0.00.