Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs INC.
- Sponsor EIN: 341464672
- Sponsor Address: 200 PUBLIC SQUARE, CLEVELAND, OH, 441142315
- Plan Type: 401(k)
- Total Participants: 774
- Total Assets: $241.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 774 | $241.3M | $3.0M | $8.5M |
| 2023 | 1,355 | $255.2M | $3.3M | $10.8M |
| 2022 | 709 | $182.2M | $2.5M | $7.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC | ADVISOR | $49,850 | — | $49,850 |
| MEADEN & MOORE, LTD | ACCOUNTANT | $12,260 | — | $12,260 |
| FIDELITY INV INST OPERATIONS CO | RECORDKEEPER | $7,281 | — | $7,281 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $5,266 | — | $5,266 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC — ADVISOR
- MEADEN & MOORE, LTD — ACCOUNTANT
- FIDELITY INV INST OPERATIONS CO — RECORDKEEPER
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,657
- Estimated Expense Ratio: 0.031% 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 | $76,417 | $56,876 | — | $12,260 | — |
| 2023 | $86,331 | $60,684 | — | $14,100 | — |
| 2022 | $99,358 | $35,292 | — | — | — |