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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 2021
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600 GRANT STREET - ROOM 1944 - PITTSBURGH, PA 152192800412-433-5332
Other plans on this EIN
3 filings
#001Retirement-$5.45B assets#003Retirement-$1.58B assets#029Retirement-$13.9M assets
Prospect flagsLow employer 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 07/01/2022
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
600 GRANT STREET - ROOM 1681 · PITTSBURGH, PA 152192800
(412) 433-5790
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Summary metrics

Total assets (EOY)
$1269.6M
-7.8% from 2016
Total participants
15,256
+9.5% from 2016
Average account balance
$107,083
-12.8% from 2016
Annual return
17.80%
-18.18 pp from 2016

Benchmarks

See 94 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort94 peers
Snapshot2021
Participant deferral / active EE
$4,613
median $7,803
Employer contribution / active EE
$255
median $4,368
Participation rate
72.7%
median 95.8%
Avg account balance
$107,083
median $166,140
Admin fee / account holder
$73
median $68
Annual return
17.80%
median 15.87%
Overall peer rank
30th 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 INSTITUTIONAL7+ years
Service code 37 · EIN 04-2647786
Loan Processing
$602,941
STRATEGIC ADVISORS, INC.5 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$230,453
NEPC, LLC1 year
Service code 16 · EIN 26-1429809
Consulting
$34,628

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 codes2E2F2G2J2T3F
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.
  • 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
  • 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
$869K
$70 / participant
  • Other / not subdivided$869K100.0%
% of EOY assets
0.068%
all-in expense ratio
Categories reported
0 / 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
134000832
Audit fees
(not subdivided)
Opinion code
Unqualified