401(k) · DOL Form 5500 · 2022
Cleveland-Cliffs Steel LLC 401(k) Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 12,117
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $109,021
- Avg per participant Below avg balance/head
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.
- #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.
- #20,272
- in Manufacturing (20,602 peers)
- -16.5%
- assets change YoY
- 13×
- vs typical plan assets (national mean)
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.
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's outsized position by total assets
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,321,003,554 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan is a mega filing (12,117 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 710871875 · Cleveland-Cliffs Steel LLC PY 2022 · 401(k)
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · $1.3B · 12,117 · 99th
- RANK $1.3B
- RANK 12,117
- RANK 99th
- RANK 401(k)
- RANK near Mdu Resources Group, Inc. 401(k) Retirement Plan
- RANK ind #20272
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Illinois →
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Cleveland-Cliffs Steel LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.8B 9.09063287726536% vs 2022
- 2024 filing year
| 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.
- 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)
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Mdu Resources Group, Inc. 401(k) Retirement Plan in ND ($1.3B); by covered participants it is Toyota Industries North America Group Associates' 401(k) Retirement Plan in IN (12,118 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (12,117 participants); asset peers above are excluded.
- Toyota Industries North America Group Associates' 401(k) Retirement Plan (IN) 12,118 · 1 off
- Alterra Mountain Company U.S. Inc. 401(k) Retirement Plan (CO) 12,118 · 1 off
- Phillips 66 Savings Plan (TX) 12,106 · 11 off
- Denso Retirement Savings Plan (MI) 12,096 · 21 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.