Overview
What is United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T?
The United States Steel Corporation Supplemental Unemployment Benefit Plan Trust, often referred to as the Trust, is a benefit program primarily focused on providing supplemental unemployment benefits to its eligible participants. Based in Pittsburgh, Pennsylvania, the Trust has a substantial participant pool of 11,419 individuals as of December 31, 2022. The Trust's primary mission is to distribute these supplemental benefits to qualified participants, ensuring they receive additional financial support during challenging periods. The plan sponsor bears all administrative expenses associated with the Trust's operations. In 2022, the Trust disbursed a total of $2,961,809 in supplemental unemployment benefits to its eligible participants, demonstrating its commitment to supporting its members during times of need.
Is United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T legitimate?
United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T is a legitimate nonprofit organization registered as a 501(c)(17) entity. United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T?
The United States Steel Corporation Supplemental Unemployment Benefit Plan Trust, often referred to as Trus T, is primarily focused on providing supplemental unemployment benefits to eligible participants. This mission is carried out by making payments to qualified individuals under the terms of the supporting plan. The plan sponsor covers all administrative expenses associated with the trust. As of December 31, 2022, there were approximately 11,419 individuals eligible to participate in the plan. During the 2022 calendar year, the trust disbursed a total of $2,961,809 in supplemental unemployment benefits to qualified participants.
Who is the CEO of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T?
Unavailable
What is the revenue of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T?
United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T's revenue in 2022 was $2,962,566.
Who are the executives of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T?
United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T
The United States Steel Corporation Supplemental Unemployment Benefit Plan Trust, often referred to as the Trust, is a program designed to provide supplemental unemployment benefits to eligible participants. Its primary mission is to make these payments to individuals who meet the qualification criteria outlined in the supporting plan. The Trust bears all administrative expenses associated with the plan, ensuring that the focus remains on providing financial assistance to those in need. As of December 31, 2022, there were 11,419 eligible participants in the plan. During the 2022 calendar year, the Trust disbursed a total of $2,961,809 in supplemental unemployment benefits to qualifying participants.
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Impact
October, 2024
The United States Steel Corporation Supplemental Unemployment Benefit Plan Trust significantly supports eligible employees by providing supplemental unemployment benefits. This financial assistance is crucial for those who qualify under the plan's terms, especially during periods of unemployment.
In 2022, the trust disbursed a total of $2,961,809 to 11,419 eligible participants, highlighting its impact in offering temporary financial relief to workers affected by job loss. By covering these additional benefits, the trust plays a vital role in enhancing the financial stability of its participants during challenging times, facilitating their transition back into the workforce while alleviating some of the economic pressures associated with unemployment.
Furthermore, the plan's structure ensures that all administrative expenses are managed by the plan sponsor, allowing for more resources to be directed towards the participants' benefits. This trust is a crucial component of the safety net for United States Steel employees, reinforcing the company's commitment to its workforce in times of need.
This information is meant to be a general summary of United States Steel Corporation Supplemental Unemployment Benefit Plan Trus T. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $757
- Program Service Revenue: $2,961,809
- Gross Receipts: $2,962,566
Assets and Liabilities:
- Total Assets: $53,600
- Total Liabilities: $0
- Net Assets: $53,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,961,809
Organization Details
Founding Year
1956
Phone
(412) 433-5070Main Address
600 GRANT STREET ROOM 1814, PITTSBURGH, PA, 15219
NTEE Category
Code: Y20 - Mutual benefit
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