401(k) · DOL Form 5500 · 2022

Cleveland-Cliffs Steel Corporation 401(k) Plan

Data updated 2026-08-25

$652M
Total assets Above avg plan size
2,539
Participants Above avg headcount
98th
Percentile by assets National rank
$256,718
Avg per participant Above avg balance/head
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Official DOL plan name: The Cleveland-Cliffs Steel Corporation Thrift Plan · Sponsored by Cleveland-Cliffs Steel Corporation · Ohio · Manufacturing

$652M in assets, 2,539 participants

Cleveland-Cliffs Steel Corporation's The Cleveland-Cliffs Steel Corporation Thrift Plan reported $652M in total assets and 2,539 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #20,012 in Manufacturing (20,602 peers)

Coverage in Ohio

The Cleveland-Cliffs Steel Corporation Thrift Plan covers 2,539 participants in Ohio, 3.3x the typical Ohio plan (state average ~765 per filing). Assets: $652M.

#20,012
in Manufacturing (20,602 peers)
-19.4%
assets change YoY
6.5×
vs typical plan assets (national mean)

The plan reported a net loss of $157M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Cleveland-Cliffs Steel Corporation Thrift Plan's outsized position by total assets

The Cleveland-Cliffs Steel Corporation Thrift Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$651,806,513 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

The Cleveland-Cliffs Steel Corporation Thrift Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Cleveland-Cliffs Steel Corporation Thrift Plan lands in the large band (2,539 participants).

Plan-year Form 5500 strip

Filing strip 311267098 · Cleveland-Cliffs Steel Corporation PY 2022 · 401(k)

The Cleveland-Cliffs Steel Corporation Thrift Plan · $652M · 2,539 · 98th

  • PCT $652M
  • EIN 2,539
  • RANK 98th
  • PHOTO 401(k)
  • IND near Acosta, Inc. 401(k) Retirement Plan
  • EOY ind #20012

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 Ohio →

The Cleveland-Cliffs Steel Corporation Thrift Plan in the asset neighbourhood

Arconic Corp. Salaried 401(k) PlanArconic Corp. Salaried 401(k…$653MThe Cleveland-Cliffs Steel Corporation Thrift PlanThe Cleveland-Cliffs Steel C…$652MAcosta, Inc. 401(k) Retirement PlanAcosta, Inc. 401(k) Retireme…$652MThe Iron Mountain Companies 401(k) PlanThe Iron Mountain Companies …$651MAdm 401(k) and Employee Stock Ownership Plan for Hourly EmployeesAdm 401(k) and Employee Stoc…$651M
End-of-year total assets ($M) among The Cleveland-Cliffs Steel Corporation Thrift Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$808M
Net Assets (End of Year)$652M
Net Income-$157M
Employer EIN311267098
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cleveland-Cliffs Steel Corporation)

Sponsor-wide plan assets over time

All Cleveland-Cliffs Steel Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$2.9B 21.0061458565702% vs 2022
2024 filing year
$2.2B$2.4B$2.6B$2.8B$3B 202220232024 $2.37B $2.86B ▲ +20.7%
Year Plans Participants Total Assets
2022 4 9,922 $2.4B
2023 4 10,419 $2.8B
2024 4 9,597 $2.9B

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Cleveland-Cliffs Steel Corporation Thrift Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 0246810 Total assets ($B) Participants The Cleveland-Cliffs Steel Corporation Thrift Plan, Total assets ($B): 0.651806513 · Participants: 2539The Cleveland-Cliffs Steel Corporation Thrift PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
The Cleveland-Cliffs Steel Corporation Thrift Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The Cleveland-Cliffs Steel Corporation Thrift Plan side-by-side with 3 peers →

The Cleveland-Cliffs Steel Corporation Thrift Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Acosta, Inc. 401(k) Retirement Plan in FL ($652M); by covered participants it is Connection Employee 401(k) and Profit Sharing Plan in NH (2,540 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($652M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,539 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Cleveland-Cliffs Steel Corporation Thrift Plan assets move in 2022? ▼
The Cleveland-Cliffs Steel Corporation Thrift Plan declined sharply - down 19.4% during 2022, from $808M to $652M. Reported net income was -$157M.
How have Cleveland-Cliffs Steel Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cleveland-Cliffs Steel Corporation's sponsor-wide assets grew 21.0%, from $2.4B to $2.9B.
Where does The Cleveland-Cliffs Steel Corporation Thrift Plan rank by assets among Form 5500 filers? ▼
The Cleveland-Cliffs Steel Corporation Thrift Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to The Cleveland-Cliffs Steel Corporation Thrift Plan? ▼
Among 401(k) plans in other states, the closest by assets is Acosta, Inc. 401(k) Retirement Plan in FL ($652M, 21,725 participants).
Which 401(k) plans cover a similar participant headcount to The Cleveland-Cliffs Steel Corporation Thrift Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Connection Employee 401(k) and Profit Sharing Plan in NH (2,540 participants, $311M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 311267098.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.