01 / Contract Profile
PBGC01CT160023 Federal Contract Award
Agency code 1665
THE PURPOSE OF THIS MODIFICATION IS TO DE-OBLIGATE EXPIRED FUNDS.
02 / Contract Size and Status
What is the recorded size and timing of this contract?
03 / Spending Trend
PBGC01CT160023 contract spending by fiscal year
Annual net obligations across the complete period available for this agency and PIID, from the first recorded fiscal year through the latest contract action.
Latest fiscal year obligations$1.53M
FY 2026Net obligationsComplete recorded range
| Fiscal year | Net obligations | Actions | Change |
|---|---|---|---|
| FY 2016 | $482.5K | 5 | — |
| FY 2017 | $711.8K | 6 | +47.5% |
| FY 2018 | $465.3K | 5 | −34.6% |
| FY 2019 | $2.53M | 6 | +442.8% |
| FY 2020 | $2.21M | 5 | −12.5% |
| FY 2021 | $5.59M | 5 | +152.9% |
| FY 2022 | $3.42M | 6 | −38.8% |
| FY 2023 | $4.88M | 4 | +42.8% |
| FY 2024 | $1.94M | 4 | −60.3% |
| FY 2025 | $7.40M | 3 | +282.2% |
| FY 2026 | $1.53M | 5 | −79.3% |
04 / Federal Buyer
Which organization manages this contract?
| Department | Contracting agency | Contracting office |
|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | PENSION BENEFIT GUARANTY CORPORATION | PENSION BENEFIT GUARANTY CORP |
05 / Contractor
Who holds this federal contract?
WELLS CAPITAL MANAGEMENT INCORPORATED
UEI LSRKKGGDXXH5 · CAGE 7K2B0
06 / NAICS Industries
Which industries classify this contract?
| Code | Description | Obligations | Actions | Share |
|---|---|---|---|---|
| 523920 | PORTFOLIO MANAGEMENT | $31.16M | 54 | 100.0% |
07 / Products and Services
What products or services were purchased?
| Code | Description | Obligations | Actions | Share |
|---|---|---|---|---|
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $31.16M | 54 | 100.0% |
08 / Place of Performance
Where is the work recorded?
SAN FRANCISCO, SAN FRANCISCO, CALIFORNIA, UNITED STATES
ZIP 941052718
09 / Contract Actions
What modifications and obligations were recorded?
| Signed date | Modification | Obligation | Contracting office | NAICS | PSC |
|---|---|---|---|---|---|
| Jul 31, 2026 | P00055 | -$1.17M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| May 14, 2026 | P00054 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Apr 13, 2026 | P00053 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Apr 10, 2026 | P00052 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 12, 2026 | P00051 | $2.70M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Dec 16, 2025 | P00050 | $2.60M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 18, 2025 | P00049 | $2.40M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Feb 10, 2025 | P00048 | $2.40M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Nov 14, 2024 | P00046 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Aug 21, 2024 | P00045 | -$563.9K | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 21, 2024 | P00044 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 20, 2024 | P00043 | $2.50M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Nov 2, 2023 | P00042 | $2.50M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| May 9, 2023 | P00041 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 21, 2023 | P00040 | $2.50M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
10 / Reading the Contract
How should this award record be interpreted?
Read the PIID as a transaction history, not as a single purchase price. Net obligations combine the base action with later increases, reductions, corrections, and deobligations recorded under the same contract.
Verify the buyer
Agency and office identify who manages the procurement relationship.
Follow modifications
Each action can change funding, scope, dates, or administrative terms.
Compare the market
Use NAICS, PSC, and the contractor profile to identify related buyers and competitors.