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Retirement plan

TRANSTAR, LLC SAVINGS PLAN FOR REPRESENTED EMPLOYEES

UNITED STATES STEEL CORPORATION AND AFFILIATED COS.EIN 25-1897152Plan #039PY 2016
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600 GRANT STREET, ROOM 2643 - PITTSBURGH, PA 15219412-433-4949
Other plans on this EIN
4 filings
#001Retirement-$5.55B assets#003Retirement-$1.17B assets#028Retirement-$911.7M assets#029Retirement-$12.0M assets
Prospect flagsLow returnsLow participationCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 433-4949
Plan administrator signer
J. MICHAEL WILLIAMS
Signed 10/10/2017
Plan administrator entity
UNITED STATES STEEL AND CARNEGIE PENSION FUND
EIN 250851750
600 GRANT STREET, ROOM 2687 · PITTSBURGH, PA 15219
(412) 433-4938
How to read this page

Summary metrics

Total assets (EOY)
$19M
-1.6% from 2016
Total participants
638
+21.9% from 2016
Average account balance
$46,118
-26.7% from 2016
Annual return
5.64%
-5.46 pp from 2016

Benchmarks

See 236 peers
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants250-999
Cohort236 peers
Snapshot2016
Participant deferral / active EE
$1,854
median $3,106
Employer contribution / active EE
$607
median $1,565
Participation rate
58.4%
median 80.6%
Avg account balance
$46,118
median $48,366
Admin fee / account holder
$14
median $51
Annual return
5.64%
median 8.18%
Overall peer rank
36th percentileavg across 6 metrics

Analytics

2015 - 2020
Total assets (EOY)
Plan-year ending balance
$27.69M
Average account balance
Total assets / participants with a balance (line 6g)
$69K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
400
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
75.3%
Contributions (total)
Employer and participant dollars contributed each year
$1.45M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.39%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$10
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 INSTITUTIONAL2+ years
Service code 37 · EIN 04-2647786
Loan Processing
$5,601

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 codes2E2F2G2J2K2T3H
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.
  • 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.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow participation

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

  • 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
$6K
$11 / participant
  • Investment mgmt$350.6%
  • Other / not subdivided$6K99.4%
% of EOY assets
0.031%
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
SCHNEIDER DOWNS & CO., INC.
Auditor EIN
251408703
Audit fees
(not subdivided)
Opinion code
Disclaimer