Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel Corporation
- Sponsor EIN: 311267098
- Sponsor Address: 9227 CENTRE POINTE DRIVE, WEST CHESTER, OH, 45069
- Plan Type: DB
- Total Participants: 2,623
- Total Assets: $1.5B
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 | 2,623 | $1.5B | $0 | $0 |
| 2023 | 2,727 | $1.5B | $0 | $0 |
| 2022 | 1,800 | $1.2B | $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 |
|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT CORP | NONE | $2,002,541 | — | $2,002,541 |
| JP MORGAN CHASE BANK | NONE | $1,716,671 | — | $1,716,671 |
| WILLIS TOWERS WATSON US LLC | NONE | $620,162 | — | $620,162 |
| BNY MELLON | NONE | $97,505 | — | $97,505 |
| US BANK | NONE | $96,277 | — | $96,277 |
| ALIGHT SOLUTIONS LLC | NONE | $73,113 | — | $73,113 |
| MEADEN & MOORE LTD. | NONE | $35,800 | — | $35,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN CHASE BANK — NONE
- WILLIS TOWERS WATSON US LLC — NONE
- MEADEN & MOORE LTD. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,642,069
- Estimated Expense Ratio: 0.316% 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 | $5,816,000 | $3,823,886 | — | $35,800 | — |
| 2023 | $5,992,519 | $3,995,806 | — | $21,400 | — |
| 2022 | $6,769,264 | $5,921,912 | — | — | — |