SC International Services Master Retirement Trust

The plan sponsor is Sky Chefs, Inc., the dominant US airline-catering company. Sky Chefs operates under LSG Group, a global catering and hospitality business. LSG Group was sold by Deutsche Lufthansa AG to AURELIUS Group in August 2023. The pension trust's obligations remain tied to the US-based Sky Chefs workforce regardless of corporate parentage.

They are separate retirement vehicles serving the same employee population. The SC International Services Master Retirement Trust is a defined-benefit pension plan. The Sky Chefs MoneySmart 401k Savings and Retirement Plan is a defined-contribution vehicle. Shannon Urpani serves as plan administrator for both. The dual structure is typical in mature industrial workforces where a legacy pension runs alongside an active 401(k).

The trust has not publicly disclosed an internal investment team. Pension funds of this scale and single-sponsor profile commonly delegate portfolio management to external investment consultants or outsourced chief investment officer providers. Plan administration is handled internally by Shannon Urpani, but portfolio implementation is almost certainly external.

The August 2023 acquisition of LSG Group by AURELIUS Group changed the ultimate corporate parent of plan sponsor Sky Chefs, Inc. For the pension trust itself, ERISA fiduciary rules and the trust's segregated asset structure insulate plan assets from sponsor corporate transactions. The trust's obligations, funding requirements, and beneficiary protections did not change. AURELIUS, as a private-equity owner, inherited the sponsor's funding obligations.

The trust is a liability-driven defined-benefit pool, meaning its primary mandate is meeting scheduled benefit payments to retired Sky Chefs workers rather than maximizing returns. This typically translates to a heavy fixed-income allocation matched to liability duration, supplemented by public equities and a limited alternatives book. The entire beneficiary base earns and retires in US dollars, so the portfolio is almost certainly fully domestic in its orientation.