401(k) · DOL Form 5500 · 2022
Cleveland-Cliffs Steel Corporation 401(k) Plan
Data updated 2026-08-11
- $475M
- Total assets
- 5,455
- Participants
- 98th
- Percentile by assets
- $86,992
- Avg per participant
Official DOL plan name: The Cleveland-Cliffs Steel Corporation Thrift Plan · Sponsored by Cleveland-Cliffs Steel Corporation · Ohio · Manufacturing
$475M in assets, 5,455 participants
Cleveland-Cliffs Steel Corporation's The Cleveland-Cliffs Steel Corporation Thrift Plan reported $475M in total assets and 5,455 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.
- 98th percentile by assets (of 139,126 plans)
- #19,832 in Manufacturing (20,602 peers)
Coverage in Ohio
The Cleveland-Cliffs Steel Corporation Thrift Plan covers 5,455 participants in Ohio, 7.1x the typical Ohio plan (state average ~765 per filing). Assets: $475M.
- $475M
- total plan assets (2022 EOY)
- 5,455
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $86,992
- avg assets per participant
The plan reported a net loss of $98M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. The Cleveland-Cliffs Steel Corporation Thrift Plan reports 5,455 participants - 7.1x that state average ($475M EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $573M |
|---|---|
| Net Assets (End of Year) | $475M |
| Net Income | -$98M |
| Employer EIN | 311267098 |
| Plan Effective Date | 1979-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cleveland-Cliffs Steel Corporation)
| 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
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Progressive 401(k) Plan $7.6B · 50,299
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
Scale composition for The Cleveland-Cliffs Steel Corporation Thrift Plan
The Cleveland-Cliffs Steel Corporation Thrift Plan reports $475M in end-of-year assets across 5,455 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $86,992 per participant (63% of the national average assets-per-participant) . Net income for plan year 2022 was -$98M.
This plan identity (EIN 311267098, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $475M to $604M (+27.2%) while covered participants moved from 5,455 to 4,363 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,455 | $475M | This page |
| 2023 | 5,824 | $536M | Open filing |
| 2024 · index core | 4,363 | $604M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Cleveland-Cliffs Combined Pension Plan (Defined Benefit (Pension), $1.5B, 2,727 participants)
- The Cleveland-Cliffs Steel Corporation Thrift Plan a (401(k), $783M, 2,501 participants)
- The Cleveland-Cliffs Steel Corporation Thrift Plan C (401(k), $604M, 4,363 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Cleveland-Cliffs Steel Corporation Thrift Plan by total assets, not by location.
- Nvent Management Company Retirement Savings and Investment Plan (MN) $474M · 2,971
- Holman Enterprises Supplemental Retirement and Savings Plan (NJ) $474M · 5,153
- Lendlease 401(k) Plan (NC) $475M · 1,198
- Vinson & Elkins L. L. P. Retirement Plan a (TX) $474M · 769
Frequently Asked Questions
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Filing takeaways
Ways to act on The Cleveland-Cliffs Steel Corporation Thrift Plan's numbers.
- By total assets, The Cleveland-Cliffs Steel Corporation Thrift Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Cleveland-Cliffs Steel Corporation's sponsor-wide assets have grown 21.0% since 2022 across 3 plan years on file. More Manufacturing plans