401(k) · DOL Form 5500 · 2022
Cleveland-Cliffs Steel LLC 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 12,117
- Participants
- 99th
- Percentile by assets
- $109,021
- Avg per participant
Official DOL plan name: Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing
$1.3B in assets, 12,117 participants
Cleveland-Cliffs Steel LLC's Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported $1.3B in total assets and 12,117 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #20,272 in Manufacturing (20,602 peers)
Coverage in Illinois
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan covers 12,117 participants in Illinois, 16x the typical Illinois plan (state average ~779 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2022 EOY)
- 12,117
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $109,021
- avg assets per participant
The plan reported a net loss of $261M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports 12,117 participants - 16x that state average ($1.3B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$261M |
| Employer EIN | 710871875 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cleveland-Cliffs Steel LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 16,064 | $4.4B |
| 2023 | 4 | 17,325 | $4.7B |
| 2024 | 4 | 17,273 | $4.8B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- State Farm 401(k) Savings Plan $14.7B · 53,616
- Accenture United States 401(k) Match and Savings Plan $14.3B · 66,653
- Abbott Laboratories Stock Retirement Plan $13.3B · 36,136
- United Airlines Pilot Retirement Account Plan $11.8B · 13,437
- Walgreens Retirement Savings Plan $11.7B · 238,072
Scale composition for Cleveland-Cliffs Steel LLC Hourly 401(k) Plan
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports $1.3B in end-of-year assets across 12,117 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $109,021 per participant (79% of the national average assets-per-participant) . Net income for plan year 2022 was -$261M.
This plan identity (EIN 710871875, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+26.2%) while covered participants moved from 12,117 to 13,118 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,117 | $1.3B | This page |
| 2023 | 13,113 | $1.5B | Open filing |
| 2024 · index core | 13,118 | $1.7B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Cleveland-Cliffs Steel LLC Pension Plan (Defined Benefit (Pension), $2.0B, 853 participants)
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan (401(k), $1.7B, 13,118 participants)
- Cleveland-Cliffs Steel LLC Savings and Investment Plan (401(k), $1.1B, 3,302 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan by total assets, not by location.
- Mdu Resources Group, Inc. 401(k) Retirement Plan (ND) $1.3B · 8,525
- The Toro Company Retirement Plan (MN) $1.3B · 6,954
- Holland and Knight Profit Sharing Plan & Trust (FL) $1.3B · 2,800
- Jm Family Associates' Profit Sharing and 401(k) Plan (FL) $1.3B · 4,189
Frequently Asked Questions
How did Cleveland-Cliffs Steel LLC Hourly 401(k) Plan assets move in 2022? ▼
How have Cleveland-Cliffs Steel LLC plan assets changed over time? ▼
Where does Cleveland-Cliffs Steel LLC Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
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Next read for Cleveland-Cliffs Steel LLC Hourly 401(k)…
Filing takeaways
Ways to act on Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's numbers.
- By total assets, Cleveland-Cliffs Steel LLC Hourly 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Cleveland-Cliffs Steel LLC's sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Manufacturing plans