Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel LLC
- Sponsor EIN: 710871875
- Sponsor Address: 1 SOUTH DEARBORN, 19TH FLOOR, CHICAGO, IL, 60603
- Plan Type: 401(k)
- Plan Number: 515
- Total Participants: 30,075
- Total Assets: $459.6M
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 | 30,075 | $459.6M | $0 | $7.5M |
| 2023 | 0 | $461.0M | $0 | $8.4M |
| 2022 | 0 | $459.2M | $57.4M | $9.2M |
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 |
|---|---|---|---|---|
| SOLIDARITY HEALTH NETWORK | Recordkeeper | $1,287,368 | — | $1,287,368 |
| WILLIS TOWERS WATSON | Investment Advisor | $180,904 | — | $180,904 |
| JP MORGAN | Investment Advisor | $107,426 | — | $107,426 |
| AMG TIMESQUARE | Investment Advisor | $95,373 | — | $95,373 |
| GRANT THORNTON LLP | Auditor | $31,500 | — | $31,500 |
| THE BANK OF NEW YORK MELLON | Custodian / Trustee | $12,500 | — | $12,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,715,071
- Estimated Expense Ratio: 0.373% 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 | $1,798,508 | $465,940 | $1,287,368 | $32,700 | — |
| 2023 | $1,819,000 | — | — | — | — |
| 2022 | $1,991,000 | — | — | — | — |