United States Steel Corporation

Plan name
United States Steel Corporation Savings Fund Plan for Salaried Employees
Location Pittsburgh, Pennsylvania
Asset size $1.13B
Participants 6,500
Industry Manufacturing – Industrial Products
Participation rate 98%
Average deferral rate 9.1%
# of funds offered 15
Investment review Quarterly
True-up match Yes
Match vesting period 3 years (cliff)
Eligibility 1st of month after hire date
Default deferral rate 3%
Default investment Institutional Target-date Fund (Active or Indexed)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Planned for 2019
Match rate 100% on the first 6% of salary deferrals
% receiving full match >85%
Maximum employer contribution up to 14.5% (depending on tenure/age)
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Fidelity Investments
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
E_NOTICE Error in file single-awards.php at line 22: Undefined variable: pid