Employer · plans filed under one EIN
Cleveland-Cliffs Steel LLC
Cleveland, OH · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Cleveland-Cliffs Steel LLC, based in Cleveland, Ohio, sponsors 4 retirement plans with 100 or more participants: 2 defined contribution and 2 defined benefit. Together they reported 33,855 participant records and $4.82B in net assets.
The largest is Cleveland-Cliffs Steel LLC Hourly 401(k) Plan, a 401(k) plan with 15,095 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $73.4M and participant contributions $132M in the latest plan years; benefits paid were $536M. Schedule C compensation reported to service provider organisations totalled $6.3M.
Combined net assets moved from $3.40B in 2009 to $4.82B in 2024 (up 42%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Cleveland-Cliffs Steel LLC Hourly 401(k) Plan | 401(k) plan | 2024 | 15,095 | $1.67B | $110,399 | $680 | $94K |
| Cleveland-Cliffs Steel LLC Pension Plan | cash balance pension plan | 2024 | 10,492 | $2.00B | $190,441 | $57,285 | $5.8M |
| Cleveland-Cliffs Steel LLC Savings and Investment Plan | 401(k) plan | 2024 | 4,445 | $1.06B | $239,160 | $7,458 | $44K |
| Retiree Pension Plan | defined benefit pension plan | 2024 | 3,823 | $97.1M | $25,409 | — | $323K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 4 | 33,855 | $4.82B | $73.4M | $132M |
| 2023 | 4 | 34,917 | $4.71B | $60.9M | $129M |
| 2022 | 4 | 35,567 | $4.42B | $22.3M | $121M |
| 2021 | 4 | 34,381 | $5.44B | $19.1M | $106M |
| 2020 | 4 | 34,381 | $5.28B | $20.4M | $99.9M |
| 2019 | 4 | 36,051 | $5.17B | $81.1M | $113M |
| 2018 | 4 | 36,090 | $4.58B | $20.8M | $111M |
| 2017 | 4 | 36,857 | $5.08B | $92.0M | $108M |
| 2016 | 3 | 37,770 | $4.70B | $94.3M | $107M |
| 2015 | 3 | 38,659 | $4.51B | $54.8M | $111M |
| 2014 | 3 | 39,785 | $4.76B | $67.4M | $111M |
| 2013 | 3 | 40,334 | $4.71B | $177M | $104M |
| 2012 | 3 | 40,832 | $4.16B | $338M | $101M |
| 2011 | 3 | 41,348 | $3.63B | $268M | $98.2M |
| 2010 | 3 | 41,244 | $3.65B | $115M | $82.7M |
| 2009 | 3 | 43,058 | $3.40B | $88.5M | $74.9M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| BNY Mellon | Recordkeeping and information management; Investment management; Trustee (bank, trust company, or similar financial institution) | 2 | $3,780,245 |
| Willis Towers Watson | Actuarial | 2 | $1,855,057 |
| Aon | Contract Administrator | 2 | $266,706 |
| Grant Thornton LLP | Accounting (including auditing) | 4 | $108,585 |
| UBS Financial Services Inc. | Investment advisory (plan) | 2 | $78,000 |
| Pimco Tactical Opportunity Offshore | Investment management | 1 | $72,079 |
| Vedder Price PC | Legal | 1 | $61,848 |
| Ocm Opportunities Fund Ix LP | Investment management | 1 | $38,637 |
| Fidelity Inv Inst Op Co., LLC | Participant loan processing | 2 | $0 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Cleveland-Cliffs Steel LLC have?
4 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Cleveland-Cliffs Steel LLC Hourly 401(k) Plan, Cleveland-Cliffs Steel LLC Pension Plan, Cleveland-Cliffs Steel LLC Savings and Investment Plan and Retiree Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Cleveland-Cliffs Steel LLC contribute to its plans?
$73,424,234 in employer contributions across these plans in their latest plan years, about $4,438 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name BNY Mellon, Willis Towers Watson, Aon and Grant Thornton LLP and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.