2023 Form 5500 filing — Cleveland-Cliffs Steel LLC Veba Retiree Benefits Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010165508NAL0034809568001) for Cleveland-Cliffs Steel LLC Veba Retiree Benefits Plan, reported by Cleveland-Cliffs Steel LLC under EIN 71-0871875 and plan number 515. It reports 32,879 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$457.4MReported net assets$457,424,000
Participants32.9K32,879
Provider compensation$1.6M7 Schedule C row(s)$1,617,700
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241010165508NAL0034809568001
- Plan sponsor
- Cleveland-Cliffs Steel LLC
- EIN
- 71-0871875
- Plan number
- 515
- Location
- Chicago, IL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$461M total assets
Net assets$457.4MLiabilities$3.5M
Full reported line items
- Total assets (EOY)
- $460,973,000
- Total liabilities (EOY)
- $3,549,000
- Net assets (EOY)
- $457,424,000
- Participant contributions
- $8,371,000
- Total income / additions
- $58,486,000
- Benefits paid
- $48,905,000
- Administrative expenses
- $1,819,000
- Total expenses
- $50,724,000
- Net increase / (decrease)
- $7,762,000
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Solidarity Health Network | CONTRACT ADMINISTRATOR | $1,291,000 | not reported in the loaded dataset |
| Willis Towers Watson | INVESTMENT MANAGER | $89,000 | not reported in the loaded dataset |
| Jp Morgan | INVESTMENT MANAGER | $87,000 | not reported in the loaded dataset |
| Pnc Institutional Investment | INVESTMENT MANAGER | $85,000 | not reported in the loaded dataset |
| Grant Thornton Llp | AUDITOR | $32,600 | not reported in the loaded dataset |
| The Bank Of New York Mellon | TRUSTEE & CUSTODIAN | $27,700 | not reported in the loaded dataset |
| Northern Trust | INVESTMENT MANAGER | $5,400 | not reported in the loaded dataset |