Plan Snapshot
- Plan Sponsor: Cleveland-Cliffs Steel LLC
- Sponsor EIN: 710871875
- Sponsor Address: 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND, OH, 441142315
- Plan Type: DB
- Total Participants: 4,171
- Total Assets: $97.1M
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 | 4,171 | $97.1M | $0 | $0 |
| 2023 | 0 | $110.9M | $0 | $0 |
| 2022 | 0 | $121.9M | $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 | $132,898 | — | $132,898 |
| WILLIS TOWERS WATSON | NONE | $99,122 | — | $99,122 |
| AON | NONE | $75,411 | — | $75,411 |
| GRANT THORNTON | AUDITOR | $15,750 | — | $15,750 |
| MEADEN & MOORE LTD. | Auditor | $15,750 | — | $15,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — NONE
- AON — NONE
- 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: $338,931
- Estimated Expense Ratio: 0.349% 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 | $750,312 | — | $75,410 | $15,750 | — |
| 2023 | $979,000 | $191,000 | $255,000 | $15,000 | — |
| 2022 | $759,000 | — | — | — | — |