Plan5500

Cleveland-Cliffs Steel LLC Hourly 401(K) Plan — Form 5500 plan (Cleveland-Cliffs Steel LLC)

Plain-English plan 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, Cleveland-Cliffs Steel LLC Hourly 401(K) Plan is a benefit plan reported by Cleveland-Cliffs Steel LLC under EIN 71-0871875 and plan number 007. The latest loaded filing year is 2023. The filing reports 15,488 participants and $1,505,443,000 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.5BPlan net assets, end of year$1,505,443,000
Participants15.5KCovered participants reported15,488
Assets / participant$97.2KComputed: assets ÷ participants$97,201 (computed)
Provider compensationNone reported4 Schedule C provider row(s)
Plan sponsor
Cleveland-Cliffs Steel LLC
EIN
71-0871875
Plan number
007
Plan type
2
Location
Chicago, IL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202315,488H, C20240923161459NAL0015754288001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.5B total assets
Net assets$1.5BLiabilities$0
Money in vs. money out
Total income / additions$322.3M
Total expenses$137.7M
Benefits paid / distributions$137.7M
Contributions
Employer$8.5M
Participant$97.9M
Full reported line items

Net assets

Total assets (EOY)
$1,505,443,000
Total liabilities (EOY)
$0
Net assets (EOY)
$1,505,443,000
Net assets (BOY)
$1,321,003,554

Income & contributions

Employer contributions
$8,514,000
Participant contributions
$97,889,000
Total contributions
$109,921,000
Total income / additions
$322,294,446

Expenses & distributions

Benefits paid
$137,715,000
Administrative expenses
$0
Total expenses
$137,715,000
Net increase / (decrease)
$184,579,446
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 8%Participant 92%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income43%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Grant Thornton LlpAUDITOR$29,400not reported in the loaded dataset2023
Fiducient AdvisorsINVESTMENT CONSULTANT$21,146not reported in the loaded dataset2023
AlightOTHER SERVICES$2,400not reported in the loaded dataset2023
Fidelity InvestmentsRECORDKEEPER-$667,056not reported in the loaded dataset2023

Related Form 5500 pages