NAICS 523110: expiring federal contracts in Investment Banking and Securities Dealing

11 prime contracts under NAICS 523110 reach the end of their current period of performance within 365 days — the window in which a recompete is prepared, not announced. 3 of them end within 30 days.

Data as of October 20, 2026, from USAspending.

Expiring: 11; within 365 days
In the next 30 days: 3; 5 within 90 days
Current holders: 7; across 7 agencies
Obligated to date: $58.0M; median $983.9K

What NAICS 523110 covers

This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. Investment bankers act as principals (i.e., investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments. This industry also includes establishments acting as principals in buying or selling securities generally on a spread basis, such as securities dealers or stock option dealers.

Definition: 2017 NAICS, U.S. Census Bureau. The 2022 revision retired this code; the contracts on this page still carry it in their award records.

The 10 soonest to end

Ordered by end date. Every identifier links to the award on USAspending.

The 10 contracts under NAICS 523110 that end soonest
Current holder	Agency	State	Ends	Value	Renewal score
MFS INSTITUTIONAL ADVISORS INC PBGC01CT170003 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	MA	Oct 31, 2026	$12,053,982	30some signals 9 options have been exercised No option periods left (current end date is the potential end date)
PERFORMANCE EQUITY MANAGEMENT, LLC 16PBGC20C0003 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	CT	Oct 31, 2026	$4,452,077	35some signals 5 options have been exercised Limited competition (NOT COMPETED), 1 offer received
GENERAL MOTORS INVESTMENT MANAGEMENT CORP 16PBGC20C0002 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	NY	Oct 31, 2026	$1,062,500	35some signals 5 options have been exercised Limited competition (NOT COMPETED), 1 offer received
WELLINGTON MANAGEMENT COMPANY LLP 16PBGC18C0005 — open this award on USAspending	Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation	MA	Dec 18, 2026	$35,147,136	20few signals 8 options have been exercised
MADISON ASSOCIATES INC 140D0423F0552 — open this award on USAspending	Department of the Interior Departmental Offices	VA	Jan 11, 2027	$761,661	60likely recompete 3 options have been exercised 2 offers received Set-aside applies (SMALL BUSINESS SET ASIDE - TOTAL) No option periods left (current end date is the potential end date)
ELOCEN GROUP, LLC (THE) 12FPC426F0021 — open this award on USAspending	Department of Agriculture Under Secretary for Farm and Foreign Agricultural Services	DC	Mar 15, 2027	$361,586	30some signals 1 offer received Set-aside applies (WOMEN OWNED SMALL BUSINESS)
ELOCEN GROUP, LLC (THE) 693JJ426F00015N — open this award on USAspending	Department of Transportation Federal Motor Carrier Safety Administration	MD	Apr 30, 2027	$983,870	15few signals Set-aside applies (WOMEN OWNED SMALL BUSINESS)
CYPRESS ASSOCIATES LLC 2023H222C00013 — open this award on USAspending	Department of the Treasury Internal Revenue Service	TX	Jun 6, 2027	$378,204	45some signals 2 options have been exercised Limited competition (NOT COMPETED), 1 offer received No option periods left (current end date is the potential end date)
MADISON ASSOCIATES INC 15JA0523F00000311 — open this award on USAspending	Department of Justice Offices, Boards and Divisions	VA	Aug 28, 2027	$590,729	35some signals 2 options have been exercised Set-aside applies (SMALL BUSINESS SET ASIDE - TOTAL)
MADISON ASSOCIATES INC 15JCRM22F00000084 — open this award on USAspending	Department of Justice Offices, Boards and Divisions	VA	Sep 4, 2027	$1,669,214	35some signals 4 options have been exercised 1 offer received

1 more expiring contracts in this list

This page shows the 10 soonest of 11 contracts under NAICS 523110 that end within 365 days. A subscription opens the rest, with filters, renewal scores and a weekly email when something new enters your window.

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Who buys in this industry

Pension Benefit Guaranty Corporation4 expiring
Department of Justice2 expiring
Department of Agriculture1 expiring
Department of Homeland Security1 expiring
Department of Transportation1 expiring

NAICS 523110 contracts: questions vendors ask

What is NAICS code 523110?

NAICS 523110 is Investment Banking and Securities Dealing, a code retired in the 2022 NAICS revision. This industry comprises establishments primarily engaged in underwriting, originating, and/or maintaining markets for issues of securities. 11 federal contracts under this code end within 12 months.

How many federal contracts under NAICS 523110 are expiring?

11 prime contracts in Investment Banking and Securities Dealing (NAICS 523110) reach the end of their current period of performance within 12 months: 3 within 30 days and 5 within 90. They are held by 7 different vendors and were bought by 7 agencies. The figures are counted from USAspending, the government’s own record of prime contract awards, and rebuilt nightly.

When does the next NAICS 523110 contract end?

The soonest ends on Oct 31, 2026. The table on this page lists the 10 soonest to end, in order, with the incumbent, the awarding agency, the end date and the amount obligated so far. An end date is the date in the award record, not a forecast.

Which agencies buy investment banking and securities dealing?

The agencies with the most expiring work here are Pension Benefit Guaranty Corporation (4 contracts), Department of Justice (2 contracts), Department of Agriculture (1 contracts). In total 7 agencies have work under Investment Banking and Securities Dealing (NAICS 523110) ending within 12 months.

Does an expiring contract mean a recompete is coming?

Not on its own. A period of performance that ends is work somebody has to win again, but agencies also extend, consolidate, insource or cancel, and the award record does not say which in advance. Findingbase shows the dates and a renewal score built from five fixed rules, with the reasons each one fired; it does not predict the outcome and does not publish solicitations. The solicitation, when there is one, appears on SAM.gov.

How this page is built

Every contract here comes from USAspending, the federal government’s own record of prime contract awards. A contract appears when its current period of performance ends within 365 days. The table lists the 10 soonest to end — not the largest, and not the highest scoring — so it is a sample of what is really coming rather than a showcase. Award identifiers link back to the source. This page was last rebuilt for Oct 20, 2026.

10 of the 10 contracts in the table above carry a renewal score, and 11 of the 11 in the whole list do. A contract with no score has not been through scoring yet: that is not a low score, it is no score. Scoring works through the soonest expiry dates first.

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