By: Russ Kamp, Managing Director, Ryan ALM, Inc.

Welcome to the last full week of April. How is that possible?

There isn’t much to report from last week’s PBGC activity report, as only one event was reported. Retirement Benefit Plan of the Newspaper and Magazine Drivers, Chauffeurs and Handlers Union Local 473 (they have to win the award for the longest name), submitted an application last week seeking $29.7 million in SFA for the 804 plan participants. As a reminder, the PBGC has 120 days to act on this application before it is automatically approved. The Newspaper and Magazine Drivers fund is a non-priority fund that submitted a revised application.

I will be presenting Hot Topics in Investment Oversight at the Washington Legislative Update (IFEBP). This conference will address the key issues and players that are driving legislative and regulatory initiatives that impact your plans and plan participants. You can be sure that I will address ARPA and the positive impact that this legislation has had on an extraordinary number of American workers.