United States Steel Corporation has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes audited financial statements for the USS 401(k) Plan for USW-Represented Employees, which is a defined contribution plan covering full-time employees under collective bargaining agreements. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets and changes in net assets of the Plan. The Plan's net assets available for benefits increased from $1,058,966,000 at the end of 2022 to $1,276,083,000 at the end of 2023. The Plan received contributions from both employers and participants, and saw a net appreciation in the fair value of its investments. The Plan also includes a guaranteed...Show More

United States Steel Corporation has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes audited financial statements for the USS 401(k) Plan for USW-Represented Employees, which is a defined contribution plan covering full-time employees under collective bargaining agreements. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets and changes in net assets of the Plan. The Plan's net assets available for benefits increased from $1,058,966,000 at the end of 2022 to $1,276,083,000 at the end of 2023. The Plan received contributions from both employers and participants, and saw a net appreciation in the fair value of its investments. The Plan also includes a guaranteed income account and allows for participant loans. The Plan is in compliance with ERISA and the IRS has determined that it continues to qualify under the Internal Revenue Code. The Plan is subject to amendments and changes, with several modifications made throughout 2023, including the merger of the UPI 401(k) Plan into the USS 401(k) Plan.