United States Steel Corporation and Affiliated Cos. 401(k) Review & Grade
United States Steel Corporation Savings Fund Plan for Salaried Employees
Pittsburgh, PAManufacturing2,754 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,452Employer $ per active participant
$10,371Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$318,760Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 92th |
| Employee saving | 83th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,852 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- United States Steel Corporation and Affiliated Cos. put in about $12,452 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $34,287,684 |
| Participant (employee) contributions | $28,555,888 |
| Other contributions (incl. rollovers in) | $18,199,322 |
| Administrative expenses paid from the plan | $424,457 |
| Investment advisory & management fees | $165,183 |
| Other admin expenses | $136,833 |
| Benefits paid out | $215,948,884 |
| Net assets, start / end of year | $1.6B / $1.6B |
| Active participants, start / end of year | 2,863 / 2,644 |
| Participants with account balances | 5,074 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
| Employer stock held by plan | $175,609,353 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $165,184 reported compensation |
| Fidelity Investments Institutional | $121,884 reported compensation |
| Nepc, LLC | $84,575 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250610164717NAL0025915344001, received 2025-06-10, EIN 25-1897152, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.