Salient Federal Solutions, Inc. will support private pension plan insurer, Pension Benefit Guaranty Corporation, with actuarial services through a prime, indefinite-delivery/indefinite-quantity contract.
The company will work with Bolton Partners, Inc., an actuarial firm specializing in defined benefit plan administration, on the five-year contract worth $17.4 million.
“We are looking forward to providing successful development, management, and enhancement services for PBGC,” says Brad Antle, president and CEO of Salient. “We are well-positioned to commence the AESS contract immediately, saving transition costs and maintaining existing systems, while continuing to offer the relevant, high-quality services we are known for.
We are proud to be able to offer a premium and relevant skill set and expert application of PBGC institutional practices. This comprehensive combination creates the ability to execute AESS objectives.”
Salient provides IT and engineering solutions to federal and business customers. Forbes magazine named it one of America’s most promising companies.