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R -- Pension Plan Audit Services

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PBGC01-RP-08-0003Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Pension Benefit Guaranty Corporation (PBGC) is seeking experienced audit and accounting professionals with expertise in defined benefit pension plans to support its audit functions through a performance-based acquisition approach. The contract aims to enhance PBGC's capabilities in conducting plan audits, managing expenditures, and producing high-quality audit reports essential to the agency’s mission. Key requirements include conducting risk assessments, evaluating existing internal controls, and adjusting audit programs accordingly. The contractor must also be proficient in handling and analyzing large sets of participant data, with all audit deliverables reviewed by a Certified Public Accountant (CPA). The work will cover program management support, audits of terminated defined benefit pension plans, standard termination compliance audits, and ad hoc support to the Retiree Services Division. This contract features a base year plus four one-year options, with the PBGC retaining the discretion to exercise these options. Additionally, no less than 30 percent of the work must be subcontracted to small business concerns. The solicitation is expected to be released around December 19, 2007, available only through the FedBizOpps.gov website, where interested parties must monitor for updates and amendments as paper copies will not be provided. The contract falls under the NAICS code 541211, which covers offices of certified public accountants.

General Info

PBGC seeks audit professionals for defined benefit pension plan audits with CPA-reviewed deliverables.

Agency

N/A

NAICS

541211 - Offices of Certified Public Accountants

Place of Performance

Washington, DC 20005

Set-Aside

NONE

Documents

0

No documents available

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Timeline

PhasePresolicitation
Posted

Presolicitation

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Organization & Contact Information

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AgencyN/A
ContactsNo contacts available
OfficeN/A
Organization / Agency
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Office AddressN/A
ContactsNo contact information available

Full Description

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The Pension Benefit Guaranty Corporation (PBGC) has a need for highly qualified audit and accounting professionals having defined benefit plan expertise to the PBGC using performance-based acquisition (PBA) approaches and concepts. The objective of this requirement is to expand the PBGC's capacity to perform plan audits, account for ongoing expenditures and develop quality audit reports that will assist BAPD in performing its mission. The PBGC requires that the work performed under this contractinclude auditing techniques that include performing risk assessments and the evaluation of existing internal controls. As a result of these assessments, audit programs should be adjusted to reflect the scope, timing, nature and extent of audit work to be performed. The contractor staff, should also possess skills in manipulating and analyzing large amounts of data associated with the participant data audit. All audit deliverables are to be reviewed by a person having a valid license as a Certified Public Accountant (CPA). This acquisition directly supports the mission and goals of PBGC by providing the highest caliber professional auditing services support. The specific activities include: 1) Program Management Support, 2) Audits of Terminated Defined Benefit Pension Plans, 3) Standard Termination Compliance Audits, 4) Ad hoc project support to Retiree Services Division. The period of performance will include a base year with four (4) one year option periods to be exercised at the discretion of PBGC. Thirty percent of the effort must be performed by small business concerns (Subcontract). The solicitation is not currently available, but is estimated to be available on or about December 19, 2007. The solicitation document, including any amendments, will be distributed through the FedBizOpps.gov web site. The site contains downloading instructions. Interested parties are responsible for monitoring the site to ensure that they have the most up-to-date information about this acquisition. Paper copies of the solicitation and associated amendments will not be made available.

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