Defined Benefit (Pension) · DOL Form 5500 · 2022

Cleveland-Cliffs Steel LLC Pension Plan

Data updated 2026-08-25

$2.1B
Total assets Very large vs avg
978
Participants Near avg headcount
99th
Percentile by assets National rank
$2.1M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Cleveland-Cliffs Steel LLC Pension Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing

$2.1B in assets, 978 participants

Cleveland-Cliffs Steel LLC's Cleveland-Cliffs Steel LLC Pension Plan reported $2.1B in total assets and 978 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.

  • #20,396 in Manufacturing (20,602 peers)

Where Cleveland-Cliffs Steel LLC Pension Plan sits by assets

Cleveland-Cliffs Steel LLC Pension Plan sits among the largest 1% of all filed plans, $2.1B for 978 participants (~$2.1M/participant), down 19.0% in 2022.

#20,396
in Manufacturing (20,602 peers)
-19.0%
assets change YoY
21×
vs typical plan assets (national mean)

The plan reported a net loss of $609M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cleveland-Cliffs Steel LLC Pension Plan's outsized position by total assets

Cleveland-Cliffs Steel LLC Pension Plan vs every filed plan by assets

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

$2,062,402,000 Top 1% higher than 99% 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

Cleveland-Cliffs Steel LLC Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cleveland-Cliffs Steel LLC Pension Plan sits mid-pack in the medium band (978 participants).

Published 5500 schedule card

Filing strip 710871875 · Cleveland-Cliffs Steel LLC PY 2022 · Defined Benefit (Pension)

Cleveland-Cliffs Steel LLC Pension Plan · $2.1B · 978 · 99th

  • EOY $2.1B
  • 5500 978
  • ASSETS 99th
  • PCT Defined Benefit (Pension)
  • EIN near Alaska Electrical Pension Plan
  • RANK ind #20396

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 Pension Plan in the asset neighbourhood

National Grid USA Companies Final Average Pay Pension PlanNational Grid USA Companies …$2.1BWhirlpool Tammy Employees Pension PlanWhirlpool Tammy Employees Pe…$2.1BCargill, Inc. and Associated Companies Salaried Employees Pension PlanCargill, Inc. and Associated…$2.1BCleveland-Cliffs Steel LLC Pension PlanCleveland-Cliffs Steel LLC P…$2.1BAlaska Electrical Pension PlanAlaska Electrical Pension Pl…$2.1B
End-of-year total assets ($B) among Cleveland-Cliffs Steel LLC Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$2.5B
Net Assets (End of Year)$2.1B
Net Income-$609M
Employer EIN710871875
Plan Effective Date1950-01-01
Filing StatusFILING 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
$4.2B$4.4B$4.6B$4.8B$5B 202220232024 $4.42B $4.82B ▲ +9.0%
Year Plans Participants Total Assets
2022 4 16,064 $4.4B
2023 4 17,325 $4.7B
2024 4 17,273 $4.8B

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Cleveland-Cliffs Steel LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 01020304050 Total assets ($B) Participants Cleveland-Cliffs Steel LLC Pension Plan, Total assets ($B): 2.062402 · Participants: 978Cleveland-Cliffs Steel LLC Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 42.629770802 · Participants: 50096Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 32.129102809 · Participants: 49052State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.958716532 · Participants: 20170United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.304502684 · Participants: 0John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 6.770339506 · Participants: 16809Abbott Laboratories Annuity Retirement Plan
Cleveland-Cliffs Steel LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Cleveland-Cliffs Steel LLC Pension Plan side-by-side with 3 peers →

Cleveland-Cliffs Steel LLC Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Alaska Electrical Pension Plan in AK ($2.1B); by covered participants it is Elwyn, Inc. Retirement Plan in PA (978 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (978 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 Cleveland-Cliffs Steel LLC Pension Plan assets move in 2022? ▼
Cleveland-Cliffs Steel LLC Pension Plan declined sharply - down 19.0% during 2022, from $2.5B to $2.1B. Reported net income was -$609M.
How have Cleveland-Cliffs Steel LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cleveland-Cliffs Steel LLC's sponsor-wide assets grew 9.1%, from $4.4B to $4.8B.
Where does Cleveland-Cliffs Steel LLC Pension Plan rank by assets among Form 5500 filers? ▼
Cleveland-Cliffs Steel LLC Pension Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Cleveland-Cliffs Steel LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Alaska Electrical Pension Plan in AK ($2.1B, 3,715 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Cleveland-Cliffs Steel LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Elwyn, Inc. Retirement Plan in PA (978 participants, $47M 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 710871875.

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.