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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 2021
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600 GRANT STREET - ROOM 1681 - PITTSBURGH, PA 152192800412-433-5332
Other plans on this EIN
3 filings
#003Retirement-$1.58B assets#028Retirement-$1.27B assets#029Retirement-$13.9M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 433-5332
Plan administrator signer
TUCKER KULP
Signed 10/11/2022
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
(412) 433-4938
How to read this page

Summary metrics

Total assets (EOY)
$5445.3M
+2.5% from 2016
Total participants
26,459
+5.8% from 2016
Average account balance
$0
No prior year
Annual return
7.01%
-7.81 pp from 2016

Benchmarks

See 115 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort115 peers
Snapshot2021
Participant deferral / active EE
$0
median $251
Employer contribution / active EE
$0
median $4,620
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $364,566
Admin fee / account holder
$0
median $561
Annual return
7.01%
median 7.86%
Overall peer rank
46th 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 18 by compensation
ProviderService typeCompensation
ACTIVUM SG FUND VI L.P.1 year
Service code 51 · EIN 98-1488521
Investment Mgmt Fees
$6,615,437
STATE STREET GLOBAL ADVISORS TRUST1 year
Service code 51 · EIN 81-4017137
Investment Mgmt Fees
$811,170
SILVERBACK ASSET MANAGEMENT LLC1 year
Service code 51 · EIN 02-0586628
Investment Mgmt Fees
$753,142
RUBICON FIRST ASCENT LP1 year
Service code 65 · EIN 86-1353254
Account Maintenance
$409,213
DLJ REAL ESTATE CAPITAL PARTNERS, L1 year
Service code 28 · EIN 27-3051867
Investment Management
$255,993
EVOLUTION CREDIT PARTNERS MANAGEMEN1 year
Service code 51 · EIN 82-3721334
Investment Mgmt Fees
$244,531
RESCORE FEEDER, L.P.1 year
Service code 65 · EIN 46-5390249
Account Maintenance
$203,012
PORTFOLIO ADVISORS SECONDARY FUND I1 year
Service code 51 · EIN 98-1518580
Investment Mgmt Fees
$195,088
ROCKPOINT REAL ESTATE FUND V, GP, L1 year
Service code 28 · EIN 47-2190176
Investment Management
$124,998
RESOLUTION REAL ESTATE ADVISORS LLP1 year
Service code 51
Investment Mgmt Fees
$95,300

Enrolled actuary

1 attachment
SB

DOUGLAS J. SHORT

ERNST & YOUNG LLP
Enrollment #2005838
2323 VICTORY AVE., SUITE 2000
DALLAS, TX 75219
(214) 969-0611
Signed 2022-08-25

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

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

Open the filing PDF

Plan features & details

Pension benefit codes1A3F
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped
  • 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
$21.1M
$6055 / participant
  • Investment mgmt$15M69.5%
  • Other / not subdivided$6M30.5%
% of EOY assets
0.387%
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, LLC
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Disclaimer