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UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS 401k Plan overview

Plan NameUNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS
Plan identification number 511

UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Vision

401k Sponsoring company profile

UNITED STATES STEEL CORPORATION AND AFFILIATED COS. has sponsored the creation of one or more 401k plans.

Company Name:UNITED STATES STEEL CORPORATION AND AFFILIATED COS.
Employer identification number (EIN):251897152
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5112024-01-01TUCKER KULP
5112023-01-01
5112023-01-01TUCKER KULP
5112022-12-31
5112022-12-31TUCKER KULP

Financial Data on UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS

Measure Date Value
2023 : UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$249,367
Total unrealized appreciation/depreciation of assets2023-12-31$249,367
Total transfer of assets to this plan2023-12-31$11,600,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$4,454,478
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$30,207,218
Total loss/gain on sale of assets2023-12-31$43,461
Total of all expenses incurred2023-12-31$32,678,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$32,678,395
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$29,465,721
Value of total assets at end of year2023-12-31$24,390,367
Value of total assets at beginning of year2023-12-31$10,807,066
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$393,972
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$54,697
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,334,944
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$5,379,090
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$186,496
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$68,889
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$4,454,478
Total non interest bearing cash at end of year2023-12-31$846,252
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-2,471,177
Value of net assets at end of year (total assets less liabilities)2023-12-31$19,935,889
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$10,807,066
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$451,347
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$29,642
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$29,642
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$393,972
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$30,141,082
Asset value of US Government securities at end of year2023-12-31$18,609,310
Asset value of US Government securities at beginning of year2023-12-31$8,904,199
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31Yes
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$22,751,687
Income. Dividends from common stock2023-12-31$54,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$2,537,313
Asset. Corporate debt instrument preferred debt at end of year2023-12-31$1,487,690
Asset. Corporate debt instrument preferred debt at beginning of year2023-12-31$1,436,996
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$2,809,272
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$367,340
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$43,461
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31SCHNEIDER DOWNS CO., INC
Accountancy firm EIN2023-12-31251408703
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$249,367
Total unrealized appreciation/depreciation of assets2023-01-01$249,367
Total transfer of assets to this plan2023-01-01$11,600,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$4,454,478
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$30,207,218
Total loss/gain on sale of assets2023-01-01$43,461
Total of all expenses incurred2023-01-01$32,678,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$32,678,395
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$29,465,721
Value of total assets at end of year2023-01-01$24,390,367
Value of total assets at beginning of year2023-01-01$10,807,066
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$0
Total interest from all sources2023-01-01$393,972
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$54,697
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$10,000,000
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$1,334,944
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$5,379,090
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$186,496
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$68,889
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$4,454,478
Total non interest bearing cash at end of year2023-01-01$846,252
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-2,471,177
Value of net assets at end of year (total assets less liabilities)2023-01-01$19,935,889
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$10,807,066
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$451,347
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$393,972
Expenses. Payments to insurance carriers foe the provision of benefits2023-01-01$30,141,082
Asset value of US Government securities at end of year2023-01-01$18,609,310
Asset value of US Government securities at beginning of year2023-01-01$8,904,199
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01Yes
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$22,751,687
Income. Dividends from common stock2023-01-01$54,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$2,537,313
Asset. Corporate debt instrument preferred debt at end of year2023-01-01$1,487,690
Asset. Corporate debt instrument preferred debt at beginning of year2023-01-01$1,436,996
Asset. Corporate debt instrument debt (other) at end of year2023-01-01$2,809,272
Asset. Corporate debt instrument debt (other) at beginning of year2023-01-01$367,340
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Aggregate proceeds on sale of assets2023-01-01$43,461
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01SCHNEIDER DOWNS CO., INC
Accountancy firm EIN2023-01-01251408703
2022 : UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS 2022 401k financial data
Transfers to/from the plan2022-12-31$10,807,066
Total plan liabilities at end of year2022-12-31$0
Total income from all sources2022-12-31$0
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$10,807,066
Value of fidelity bond covering the plan2022-12-31$10,000,000
Net income (gross income less expenses)2022-12-31$0
Net plan assets at end of year (total assets less liabilities)2022-12-31$10,807,066
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0

Form 5500 Responses for UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS

2023: UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan funding arrangement – General assets of the sponsorYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2023-01-01Plan benefit arrangement – General assets of the sponsorYes
2022: UNITED STATES STEEL CORPORATION PLAN FOR LEGACY RETIREE INSURANCE BENEFITS 2022 form 5500 responses
2022-12-31Type of plan entitySingle employer plan
2022-12-31First time form 5500 has been submittedYes
2022-12-31Submission has been amendedNo
2022-12-31This submission is the final filingNo
2022-12-31This return/report is a short plan year return/report (less than 12 months)Yes
2022-12-31Plan is a collectively bargained planYes
2022-12-31Plan funding arrangement – TrustYes
2022-12-31Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60054 )
Policy contract number665599XX
Policy instance 1
Insurance contract or identification number665599XX
Number of Individuals Covered2416
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $2,122,135
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract number144320
Policy instance 2
Insurance contract or identification number144320
Number of Individuals Covered1091
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $347,373
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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