Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel LLC
- Sponsor EIN: 710871875
- Sponsor Address: 1 SOUTH DEARBORN, 19TH FLOOR, CHICAGO, IL, 60603
- Plan Type: DB
- Total Participants: 738
- Total Assets: $2.0B
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 | 738 | $2.0B | $42.3M | $0 |
| 2023 | 853 | $2.1B | $35.1M | $0 |
| 2022 | 982 | $2.1B | $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 |
|---|---|---|---|---|
| BNY MELLON | NONE | $3,647,347 | — | $3,647,347 |
| WILLIS TOWERS WATSON | NONE | $1,755,935 | — | $1,755,935 |
| AON | NONE | $191,295 | — | $191,295 |
| ARES PATHFINDER | NONE | $118,845 | — | $118,845 |
| PIMCO TACTICAL OPPORTUNITY OFFSHORE | NONE | $72,079 | — | $72,079 |
| VEDDER PRICE PC | LEGAL | $61,848 | — | $61,848 |
| OCM OPPORTUNITIES FUND IX LP | NONE | $38,637 | — | $38,637 |
| GRANT THORNTON | AUDITOR | $32,550 | — | $32,550 |
| MEADEN & MOORE, LTD. | Auditor | $32,550 | — | $32,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — NONE
- AON — NONE
- VEDDER PRICE PC — LEGAL
- GRANT THORNTON — 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: $5,951,086
- Estimated Expense Ratio: 0.298% 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 | $14,522,011 | $221,385 | $191,295 | $32,550 | — |
| 2023 | $12,326,000 | — | $2,183,000 | $28,000 | — |
| 2022 | $8,156,000 | — | — | — | — |