Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel LLC
- Sponsor EIN: 710871875
- Sponsor Address: 200 PUBLIC SQUARE, CLEVELAND, OH, 441142315
- Plan Type: DC
- Total Participants: 12,799
- Total Assets: $1.7B
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 12,799 | $1.7B | $8.7M | $101.1M |
| 2023 | 12,583 | $1.5B | $8.5M | $97.9M |
| 2022 | 13,113 | $1.3B | $6.2M | $91.4M |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $64,800 | — | $64,800 |
| GRANT THORNTON LLP | AUDITOR | $29,400 | — | $29,400 |
| MEADEN & MOORE, LTD. | Auditor | $29,400 | — | $29,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISOR
- GRANT THORNTON LLP — AUDITOR
- MEADEN & MOORE, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,600
- Estimated Expense Ratio: 0.007% 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 | $98,033 | $67,711 | — | $29,400 | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |