Plan Snapshot
- Plan Sponsor: The Cleveland-Cliffs Iron Company
- Sponsor EIN: 340677332
- Sponsor Address: 200 PUBLIC SQUARE, CLEVELAND, OH, 441142315
- Plan Type: DB
- Total Participants: 685
- Total Assets: $448.0M
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 | 685 | $448.0M | $15.7M | $0 |
| 2023 | 675 | $427.3M | $11.8M | $0 |
| 2022 | 726 | $409.3M | $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 |
|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT CORP | NONE | $900,354 | — | $900,354 |
| JP MORGAN INVESTMENT MANAGEMENT | NONE | $356,437 | — | $356,437 |
| WILLIS TOWERS WATSON US LLC | NONE | $235,424 | — | $235,424 |
| BNY MELLON | NONE | $135,731 | — | $135,731 |
| MEADEN & MOORE, LTD. | NONE | $14,000 | — | $14,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVESTMENT MANAGEMENT — NONE
- WILLIS TOWERS WATSON US LLC — NONE
- MEADEN & MOORE, LTD. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,641,946
- Estimated Expense Ratio: 0.366% 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 | $1,759,778 | $1,256,791 | — | $14,000 | — |
| 2023 | $2,355,831 | $1,681,516 | — | $13,250 | — |
| 2022 | $2,396,136 | $1,736,744 | — | — | $372,239 |