Retirement plan
UNITED STATES STEEL CORPORATION PLAN FOR EMPLOYEE PENSION BENEFITS (REVISION OF 2003)
UNITED STATES STEEL CORPORATION AND AFFILIATED COS.EIN 25-1897152Plan #001PY 2018
600 GRANT STREET - ROOM 1944 - PITTSBURGH, PA 152192800412-433-5332
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Low returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
J. MICHAEL WILLIAMS
Signed 10/11/2019
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
600 GRANT STREET - ROOM 1681 · PITTSBURGH, PA 152192800
(412) 433-4865Summary metrics
Total assets (EOY)
$5058.4M
+2.5% from 2016
Total participants
51,800
+5.8% from 2016
Average account balance
$0
No prior year
Annual return
-6.57%
-7.81 pp from 2016
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort153 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $198
0
Employer contribution / active EE
$0
median $4,409
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $5,379,476
0
Admin fee / account holder
$0
median $4,675
19
Annual return
-6.57%
median -4.73%
Overall peer rank
19of 100
19th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.25B
Average account balance
Total assets / participants with a balance (line 6g)
$184K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
20,522
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$75.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$14K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.44%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 17 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 14 · EIN 25-0851750 | Plan Administrator | $22,844,435 |
JP MORGAN CHASE BANK, N. A.2 years Service code 19 · EIN 13-4994650 | Securities Custodian | $11,303,252 |
CAMPBELL GLOBAL, LLC3 years Service code 51 · EIN 06-1570380 | Investment Mgmt Fees | $2,246,569 |
RESCORE FEEDER, LP4+ years Service code 65 · EIN 46-5390249 | Account Maintenance | $229,902 |
Service code 28 · EIN 47-2190176 | Investment Management | $187,500 |
Service code 51 | Investment Mgmt Fees | $164,397 |
PERFORMANCE DIRECT INVEST II, LP4+ years Service code 51 · EIN 20-5608447 | Investment Mgmt Fees | $139,986 |
PRICEWATERHOUSECOOPERS LLP4+ years Service code 10 · EIN 13-4008324 | Accounting | $126,000 |
CAI PARTNERS & CO IV, LP2 years Service code 51 · EIN 26-3790488 | Investment Mgmt Fees | $124,372 |
Service code 28 · EIN 45-2763279 | Investment Management | $116,607 |
Enrolled actuary
1 attachment
SB
DAVID R. JARRETT
BUCK GLOBAL, LLC
Enrollment #1704821
11 STANWIX STREET, SUITE 700
PITTSBURGH, PA 15222
(412) 281-2506
Top hat statement on fileNQDC
Filed March 31, 2016 (most recent of 5 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
600 Grant Street
Pittsburgh State: PA Zip Code: 15219
Plans declared (7)
- United States Steel Corporation Executive Management Supplemental Pension Program20 emp
- United States Steel Corporation Non Tax-Qualified Pension Plan17 emp
- United States Steel Corporation Supplemental Thrift Program55 emp
- United States Steel Corporation Supplemental Retirement Account Program68 emp
- United States Steel Corporation Non Tax-Qualified Retirement Account Program33 emp
- +2 more
Total covered: 212 employees
Plan features & details
Pension benefit codes1A3F
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$34.7M
$6953 / participant
- Investment mgmt$35M100.0%
- Other / not subdivided$17K0.0%
% of EOY assets
0.685%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer