Arconic

Arconic

Arconic Retirement Plans Master Trust was established to administer retirement benefits for employees of Arconic Corporation. The plan provides defined benefit services in the United States. The trust allocates across private equity and holds direct ownership in manufacturing facilities including Arconic Davenport Works in Iowa and Arconic Lancaster Facility in Pennsylvania. It also maintains a joint venture site in Hungary and a facility in China. The trust executed a pension risk transfer annuity with MassMutual. Assets total $3.45 billion. The trust works with service providers including Bank of New York Mellon as trustee and GMO as investment advisor. It participates in industry groups such as the Aluminium Stewardship Initiative. The trust structure separates pension obligations from the operating company Arconic Corporation, which Apollo Global Management acquired in 2023.