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 Big River Steel 401(k) Plan, which is a defined contribution plan for employees of Big River Steel LLC, a subsidiary of United States Steel Corporation. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits and the changes in those assets in accordance with US GAAP. The Plan's net assets available for benefits increased significantly from $29,652,000 in 2022 to $49,584,000 in 2023. The Plan's investments at fair value also saw a substantial rise from $27,770,000 in 2022 to $46,667,000 in 2023. The report details the Plan's...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 Big River Steel 401(k) Plan, which is a defined contribution plan for employees of Big River Steel LLC, a subsidiary of United States Steel Corporation. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits and the changes in those assets in accordance with US GAAP. The Plan's net assets available for benefits increased significantly from $29,652,000 in 2022 to $49,584,000 in 2023. The Plan's investments at fair value also saw a substantial rise from $27,770,000 in 2022 to $46,667,000 in 2023. The report details the Plan's investment strategies, contributions, benefit payments, and administrative expenses. It also outlines the Plan's compliance with tax requirements and ERISA regulations, as well as amendments made to the Plan during the year. The Plan's investments include a mix of mutual funds, common stock, and common collective trusts, with transactions involving United States Steel Corporation common stock noted as party-in-interest transactions.