Science Applications International Corporation (SAIC) recently announced it was awarded a prime contract by the Federal Retirement Thrift Investment Board (FRTIB) to provide a broad range of business process, information security, and enterprise-wide information technology support services.
The $224 million Technology and Enterprise Support Services contract has a two-year base period with three options (two years, one year, and one year).
“We are excited to begin a relationship with the FRTIB and we understand the importance of these critical services to federal employees,” said Dan Harris, senior vice president of the Federal Civilian Group at SAIC. “Our services will directly assist the FRTIB in managing $369 billion in retirement savings accounts for more than 4.6 million participants. We look forward to working with FRTIB to support their mission, one that has a significant impact on federal employees and our customers.”
Under the contract, SAIC will provide business process services, such as recordkeeping, and IT services, including data center, data network, voice network, end-user, service desk, and cross-functional services.
The FRTIB administers the Thrift Savings Plan, a tax-deferred defined contribution plan, which provides federal employees the opportunity to save for additional retirement security.
The work will be performed primarily in the Washington, D.C. metropolitan area.