Recipients › New York › Bakery Drivers Local 550 & Industry Pension
Recipient organisation · USAspending recipient
Bakery Drivers Local 550 & Industry Pension
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026. View the USAspending recipient profile.
USAspending records $18M in award obligations to Bakery Drivers Local 550 & Industry Pension (Floral Park, NY) over the fiscal years it is listed for (2023, 2024, 2025, 2026).
In FY2026, the most recent complete fiscal year, obligations were $4.3M, with contracts under the listing floor.
That is down 21% on FY2025 ($5.5M).
Bakery Drivers Local 550 & Industry Pension ranks 857 of 1,581 listed organisations located in NY by five-year obligations, and 19,242 of 30,989 nationally.
Its $1.0M-plus awards since FY2023 came from Pension Benefit Guaranty Corporation: 12 awards worth $18M in total award value.
Obligations by fiscal year contracts vs assistance
| Fiscal year | All obligations | Contracts | Assistance | Change |
|---|---|---|---|---|
| FY2023 | $2,488,500 | under $1.0M | $2,488,500 | — |
| FY2024 | $5,830,400 | under $1.0M | $5,830,400 | +134% |
| FY2025 | $5,505,200 | under $1.0M | $5,505,200 | -6% |
| FY2026 | $4,346,300 | under $1.0M | $4,346,300 | -21% |
| FY2027 to date | under $1.0M | — | — | — |
A fiscal year runs 1 October to 30 September. "Contracts" are procurement award types A–D; "assistance" is everything else (grants, direct payments, loan subsidy cost, insurance, other). The contracts column is listed only where contract obligations alone reached $1.0M; the assistance figure is the remainder and may therefore include up to $1.0M of contracts.
Compared with its state and the largest recipients five listed years
| Measure | This organisation | Largest in NY | Largest nationally |
|---|---|---|---|
| Five-year obligations (listed years) | $18M | $279B | $416B |
| FY2026 obligations | $4.3M | $75B | $118B |
| Contracts, five years | under $1.0M | under $1.0M | $94B |
| Assistance, five years | $18M | $279B | $416B |
| Rank by five-year obligations | 19,242 of 30,989 | 1 of 1,581 in NY | 1 |
Largest in state: NYS Department of Health. Largest nationally: Health Care Services, California Department of. Rankings count organisations located in the state, by the sum of their listed fiscal years.
Awarding agencies $1.0M+ awards since FY2023
| # | Agency | Awards | Award value | Share |
|---|---|---|---|---|
| 1 | Pension Benefit Guaranty Corporation | 12 | $18M | 100% |
Loans are shown separately: $18M in loan face value across the listed awards. Face value is not an obligation; the fiscal-year totals count the loan subsidy cost.
Assistance programs listings
Places of performance $1.0M+ awards
Largest awards begun since FY2023
| Awarding agency | Type | Industry or program | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $2.5Mloan face value | 30 Aug 2023 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.5Mloan face value | 22 Nov 2023 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.5Mloan face value | 28 Feb 2024 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 26 Nov 2024 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 30 May 2024 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 27 May 2025 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 29 Aug 2024 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 27 Aug 2025 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.4Mloan face value | 25 Feb 2026 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.3Mloan face value | 28 May 2026 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.3Mloan face value | 25 Nov 2025 | NY | USAspending |
| Pension Benefit Guaranty Corporation | LoanDirect Loan (e) | 86.001 Pension Plan Termination Insurance | $1.3Mloan face value | 27 Feb 2025 | NY | USAspending |
Award value is the amount obligated to the award to date as USAspending reports it. Descriptions below are USAspending's text, unedited and truncated; those that appear to name a person are withheld.
- $2.5M, Pension Benefit Guaranty Corporation, 30 Aug 2023: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.5M, Pension Benefit Guaranty Corporation, 22 Nov 2023: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.5M, Pension Benefit Guaranty Corporation, 28 Feb 2024: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.4M, Pension Benefit Guaranty Corporation, 26 Nov 2024: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.4M, Pension Benefit Guaranty Corporation, 30 May 2024: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.4M, Pension Benefit Guaranty Corporation, 27 May 2025: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.4M, Pension Benefit Guaranty Corporation, 29 Aug 2024: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
- $1.4M, Pension Benefit Guaranty Corporation, 27 Aug 2025: FINANCIAL ASSISTANCE (LOANS) TO INSOLVENT MULTIEMPLOYER PENSION PLANS
Questions and answers
How much federal money does Bakery Drivers Local 550 & Industry Pension receive?
$18M in award obligations over the fiscal years it is listed for (FY2023: $2.5M; FY2024: $5.8M; FY2025: $5.5M; FY2026: $4.3M). Years not listed were under the $1.0M floor. Obligations are binding commitments, not payments made.
Which agencies award to Bakery Drivers Local 550 & Industry Pension?
By the value of $1.0M-plus awards begun since FY2023: Pension Benefit Guaranty Corporation ($18M).
What is the money for?
Assistance falls under Pension Plan Termination Insurance (86.001).
Where is the work performed?
Primary places of performance for its larger awards: NY ($18M).
Is Bakery Drivers Local 550 & Industry Pension a large federal recipient?
It ranks 19,242 of 30,989 organisations on this site by five-year obligations and 857 of 1,581 located in NY. The site covers organisations with at least $1.0M in a fiscal year; individuals are excluded.
Where does this data come from?
USAspending.gov (U.S. Treasury), award transactions as loaded on 30 Sep 2026; fiscal-year totals via the spending-by-category endpoint and award lists via the award search endpoint. The USAspending recipient profile is the authoritative record.
Provenance
Source: USAspending.gov API v2 (U.S. Department of the Treasury, Bureau of the Fiscal Service), CC0. Fiscal-year obligations from the spending-by-category recipient ranking by recipient state (listing floor $1.0M per year); awards from the award search endpoint (new awards of $1.0M or more by base obligation date); parent and business categories from the recipient profile where fetched. Closed fiscal years are snapshots taken after year end; FY2027 is refreshed on each build. Data loaded by USAspending on 30 Sep 2026. Individuals and sole proprietors are excluded at ingest. Errors in processing are corrected at the next build; see corrections and the methodology.