# Cleveland-Cliffs Hibbing Management LLC DB Plan
Source: https://planprovider.pro/companies/cleveland-cliffs-hibbing-management-llc-plan

> Cleveland-Cliffs Hibbing Management LLC&#39;s DB plan: 615 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [AON](https://planprovider.pro/provider/alight-solutions) — NONE

- [GRANT THORNTON](https://planprovider.pro/provider/grant-thornton-llp) — AUDITOR

- [MEADEN & MOORE LTD.](https://planprovider.pro/provider/meaden-and-moore-ltd) — Auditor

- [VEDDER PRICE PC](https://planprovider.pro/provider/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|—|—|—|—|

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