By: Russ Kamp, CEO, Ryan ALM, Inc.

Welcome to the All-Star break for Major League baseball. I hope that your team has had a good first half. I think that the PBGC has had a terrific “first half”, approving the SFA applications for 20 multiemployer plans that will help secure the promised benefits for >326k American workers. Excellent!

Regarding last week’s activity, Alaska Teamster – Employer Pension Plan, submitted a revised application with an expedited review designation. This non-Priority Group member is seeking $154.1 million for the 8,838 participants, after having twice withdrawn previous applications in late 2024 and March of 2025.

In other ARPA news, there were no applications approved or denied last week nor were there any pension plans asked to repay a portion of the SFA previously received. There were two plans, Roofers Local 88 Pension Plan (initial application) and Alaska Teamster – Employer Pension Plan (revised) that withdrew applications. In total, these entities are seeking $168.3 million in SFA for their 9,322 members.

Following significant activity by plans seeking to be added to the waitlist of non-Priority Group funds, there was only one plan added last week. The Cleveland Soft Drink Workers Pension Plan is now the 156th non-priority plan to have found its way onto the list. In addition, nine plans made the decision to “lock-in” their measurement date with each fund using April 30, 2025. There are still 16 plans on the waitlist that have yet to lock in their measurement period.