Plan Ledger DOL Form 5500 · updated monthly

United States Steel Corporation and Affiliated Cos.401(k)

UNITED STATES STEEL CORPORATION SAVINGS FUND PLAN FOR SALARIED EMPLOYEES · PITTSBURGH, PA · plan year 2023

Reported admin expense ratio · 2023
0.03%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

United States Steel Corporation and Affiliated Cos. reported $420,907 in plan administrative expenses for 2023: 0.03% of average plan assets, below the peer median. Employer contributions averaged $12,620 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other manufacturing employers. By assets it is the 43rd-largest of 3,651 plans among Pennsylvania employers on file, and the 209th of 13,661 in manufacturing. In 2023, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,631,490,309
Participants with balances5,373
Active participants2,863
Employer contributions$36,131,085
Employee contributions$29,297,781
Employer contribution per active participant$12,620
Average account balance$303,646
Benefits paid to participants$168,853,894
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 5,074 accts · $34.3M emplr
2023$1.6B · 5,373 accts · $36.1M emplr
2022$1.3B · 5,464 accts · $34.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$204,123
Investment management$143,311
Total administrative$420,907
The United States Steel Corporation and Affiliated Cos. 401(k) match · 2023
Employer contribution per active participant$12,620
Median for plans this size$5,237
2024$12,968 per active participant
2023$12,620 per active participant
2022$11,270 per active participant

United States Steel Corporation and Affiliated Cos.'s 2023 employer contribution ran above the $5,237 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$203,375
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$143,312
NEPC, LLC · Consulting$73,473

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$424,457 · 0.03%
2023$420,907 · 0.03%
2022$528,002 · 0.04%
All plans at this employer4
UNITED STATES STEEL CORPORATION SAVINGS FUND PLAN FOR SALARIED EMPLOYEES401(k)
USS 401(K) PLAN FOR USW-REPRESENTED EMPLOYEES401(k)
U. S. STEEL TUBULAR SERVICES SAVINGS PLAN401(k)
BIG RIVER STEEL 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Pennsylvania
The Hershey Company PA$2.1B · 0.09%
Ametek, Inc. PA$1.9B · 0.08%
Saint-Gobain Corporation PA$1.8B · 0.06%
Covestro LLC PA$1.6B · 0.05%
Unisys Corporation PA$1.3B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251897152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.