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
|
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