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: 4,243
- Total Assets: $603.6M
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 | 4,243 | $603.6M | $13.2M | $28.4M |
| 2023 | 4,363 | $536.4M | $12.3M | $27.6M |
| 2022 | 5,824 | $474.5M | $11.6M | $25.2M |
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 |
|---|---|---|---|---|
| FIDELITY INV INST OPERATIONS LLC | RECORDKEEPER | $209,639 | — | $209,639 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $64,379 | — | $64,379 |
| UBS FINANCIAL SERVICES INC. | INVESTMENT ADVISOR | $24,800 | — | $24,800 |
| MEADEN AND MOORE | AUDITING/ACCOUNTING | $14,100 | — | $14,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV INST OPERATIONS LLC — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- UBS FINANCIAL SERVICES INC. — INVESTMENT ADVISOR
- MEADEN AND MOORE — AUDITING/ACCOUNTING
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $312,918
- Estimated Expense Ratio: 0.052% 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 | $312,760 | $92,090 | — | $14,100 | — |
| 2023 | $232,051 | $24,340 | — | $30,000 | — |
| 2022 | $46,096 | — | — | — | $46,096 |