Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel Corporation
- Sponsor EIN: 311267098
- Sponsor Address: 9227 CENTRE POINTE DRIVE, WEST CHESTER, OH, 45069
- Plan Type: 401(k)
- Total Participants: 2,353
- Total Assets: $782.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,353 | $782.6M | $17.9M | $23.5M |
| 2023 | 2,501 | $732.2M | $20.0M | $22.5M |
| 2022 | 2,781 | $651.8M | $20.0M | $20.9M |
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 | $82,944 | — | $82,944 |
| FIDELITY INV INST OPERATIONS LLC | RECORDKEEPER | $26,753 | — | $26,753 |
| MEADEN AND MOORE | AUDITING/ACCOUNTING | $15,900 | — | $15,900 |
| UBS FINANCIAL SERVICES | INVESTMENT ADVISOR | $12,400 | — | $12,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INV INST OPERATIONS LLC — RECORDKEEPER
- MEADEN AND MOORE — AUDITING/ACCOUNTING
- UBS FINANCIAL SERVICES — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,997
- Estimated Expense Ratio: 0.018% 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 | $139,930 | $98,255 | — | $15,900 | — |
| 2023 | $198,953 | $44,456 | — | $38,000 | — |
| 2022 | $50,836 | — | — | — | $50,836 |