PlanOptica
Retirement plan

USS 401(K) PLAN FOR USW-REPRESENTED EMPLOYEES

UNITED STATES STEEL CORPORATION AND AFFILIATED COS.EIN 25-1897152Plan #028PY 2015
Sign in to saveView 5500 PDF
600 GRANT STREET - ROOM 2643 - PITTSBURGH, PA 152192800412-433-5332
Other plans on this EIN
4 filings
#001Retirement-$5.68B assets#003Retirement-$997.5M assets#039Retirement-$18.7M assets#029Retirement-$9.8M assets
Prospect flagsLow returnsLow participationLow 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
J. MICHAEL WILLIAMS
Signed 06/21/2016
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
600 GRANT STREET - ROOM 2687 · PITTSBURGH, PA 152192800
(412) 433-5790
How to read this page

Summary metrics

Total assets (EOY)
$840.8M
-7.8% from 2016
Total participants
18,429
+9.5% from 2016
Average account balance
$70,831
-12.8% from 2016
Annual return
-3.34%
-18.18 pp from 2016

Benchmarks

See 87 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort87 peers
Snapshot2015
Participant deferral / active EE
$3,075
median $5,946
Employer contribution / active EE
$59
median $3,302
Participation rate
60.3%
median 92.4%
Avg account balance
$70,831
median $109,006
Admin fee / account holder
$28
median $47
Annual return
-3.34%
median 0.55%
Overall peer rank
21st 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 1 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years
Service code 37 · EIN 04-2647786
Loan Processing
$334,006

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 codes2E2F2G2J2T
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.
  • 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.

Opportunity flags

5 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • 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.

  • OpportunityLow returns

    Annual investment return 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
$338K
$20 / participant
  • Other / not subdivided$338K100.0%
% of EOY assets
0.040%
all-in expense ratio
Categories reported
0 / 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
PRICEWATERHOUSECOOPER LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Disclaimer