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Retirement plan

USS 401(K) PLAN FOR USW-REPRESENTED EMPLOYEES

UNITED STATES STEEL CORPORATION AND AFFILIATED COS.EIN 25-1897152Plan #028PY 2024
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600 GRANT STREET - ROOM 1681 - PITTSBURGH, PA 152192800412-433-5332
Other plans on this EIN
3 filings
#001Retirement-$4.25B assets#003Retirement-$1.62B assets#040Retirement-$63.6M assets
Prospect flagsLow employer contributionLow participant contributionCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 433-5332
Plan administrator signer
TUCKER KULP
Signed 06/10/2025
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
(412) 433-5790
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Summary metrics

Total assets (EOY)
$1373.6M
-7.8% from 2016
Total participants
14,426
+9.5% from 2016
Average account balance
$115,495
-12.8% from 2016
Annual return
13.21%
-18.18 pp from 2016

Benchmarks

See 98 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort98 peers
Snapshot2024
Participant deferral / active EE
$5,301
median $8,651
Employer contribution / active EE
$563
median $5,348
Participation rate
77.8%
median 96.5%
Avg account balance
$115,495
median $170,590
Admin fee / account holder
$82
median $62
Annual return
13.21%
median 15.21%
Overall peer rank
18th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.37B
Average account balance
Total assets / participants with a balance (line 6g)
$115K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
11,893
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
77.8%
Contributions (total)
Employer and participant dollars contributed each year
$66.96M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.21%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$82
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years
Service code 37 · EIN 04-2647786
Loan Processing
$596,225
STRATEGIC ADVISORS, INC.8 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$301,076
NEPC, LLC4 years
Service code 16 · EIN 26-1429809
Consulting
$75,677

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 codes2E2F2G2J2K2S2T3F
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$973K
$85 / participant
  • Recordkeeping$597K61.3%
  • Investment mgmt$301K30.9%
  • Other / not subdivided$76K7.8%
% of EOY assets
0.071%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
$0
Opinion code
Unqualified