Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs INC.
- Sponsor EIN: 341464672
- Sponsor Address: 200 PUBLIC SQUARE, CLEVELAND, OH, 44114
- Plan Type: Health & Welfare
- Plan Number: 507
- Total Participants: 569
- Total Assets: $56.4M
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 | 569 | $56.4M | $0 | $1.3M |
| 2023 | 565 | $56.6M | $0 | $1.6M |
| 2022 | 564 | $53.6M | $0 | $2.7M |
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 |
|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT CORP | Other Service Provider | $77,319 | — | $77,319 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $73,215 | — | $73,215 |
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $51,349 | — | $51,349 |
| EXPRESS SCRIPTS | Other Service Provider | $28,713 | — | $28,713 |
| MEADEN & MOORE, LTD. | Auditor | $16,850 | — | $16,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEADEN & MOORE, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $247,446
- Estimated Expense Ratio: 0.439% 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 | $248,391 | $73,215 | $80,062 | $16,850 | — |
| 2023 | $249,651 | — | $111,633 | $15,750 | — |
| 2022 | $525,057 | $82,261 | $428,146 | — | $14,650 |