Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Hibbing Management LLC
- Sponsor EIN: 834490897
- Sponsor Address: 1 SOUTH DEARBORN, 19TH FLOOR, CHICAGO, IL, 60603
- Plan Type: DB
- Total Participants: 615
- Total Assets: $220.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 615 | $220.7M | $10.4M | $0 |
| 2023 | 638 | $222.4M | $4.4M | $0 |
| 2022 | 687 | $216.1M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | NONE | $199,546 | — | $199,546 |
| AON | NONE | $78,050 | — | $78,050 |
| GRANT THORNTON | AUDITOR | $23,100 | — | $23,100 |
| MEADEN & MOORE LTD. | Auditor | $23,100 | — | $23,100 |
| VEDDER PRICE PC | LEGAL | $21,499 | — | $21,499 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — NONE
- AON — NONE
- GRANT THORNTON — AUDITOR
- MEADEN & MOORE LTD. — Auditor
- VEDDER PRICE PC — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $345,295
- Estimated Expense Ratio: 0.156% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,628,614 | — | $78,050 | $23,100 | — |
| 2023 | $1,621,000 | — | $275,000 | $22,000 | — |
| 2022 | $1,499,000 | — | — | — | — |