Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel LLC
- Sponsor EIN: 710871875
- Sponsor Address: 200 PUBLIC SQUARE, CLEVELAND, OH, 441142315
- Plan Type: 401(k)
- Total Participants: 3,009
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,009 | $1.1B | $22.4M | $30.5M |
| 2023 | 3,016 | $1.0B | $17.3M | $30.8M |
| 2022 | 3,230 | $917.4M | $16.1M | $29.5M |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | AUDITOR | $30,885 | — | $30,885 |
| MEADEN & MOORE, LTD. | Auditor | $29,400 | — | $29,400 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $13,200 | — | $13,200 |
| VEDDER PRICE | ATTORNEY | $10,146 | — | $10,146 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — AUDITOR
- MEADEN & MOORE, LTD. — Auditor
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISOR
- VEDDER PRICE — ATTORNEY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,631
- Estimated Expense Ratio: 0.008% 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 | $48,997 | $9,451 | — | $29,400 | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |