Defined Benefit (Pension) · DOL Form 5500 · 2022

The Cleveland-Cliffs Iron Company Pension Plan

Data updated 2026-08-06

$409M
Total assets: 715
Participants: 98th
Percentile by assets: $572,397
Avg per participant

Official DOL plan name: Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers · Sponsored by The Cleveland-Cliffs Iron Company · Ohio · Mining & Oil Extraction

$409M in assets, 715 participants

The Cleveland-Cliffs Iron Company's Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported $409M in total assets and 715 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 139,258 plans)
#846 in Mining & Oil Extraction (892 peers)

Where Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits by assets

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits in the top 5% of all filed plans by assets, $409M for 715 participants (~$572,397/participant), down 19.4% in 2022.

$409M
total plan assets (2022 EOY): 715
covered participants: 98th
percentile by assets (of 139,258 plans): $572,397
avg assets per participant

The plan reported a net loss of $99M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

Ohio

Industry

Mining & Oil Extraction

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers vs the 2022 asset distribution

By assets, Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers outranks 98% of the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 4.1x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)	$508M
Net Assets (End of Year)	$409M
Net Income	-$99M
Employer EIN	340677332
Plan Effective Date	1950-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (The Cleveland-Cliffs Iron Company)

Total plan assets by year, all The Cleveland-Cliffs Iron Company plans on file

Year	Plans	Participants	Total Assets
2022	2	1,496	$512M
2023	2	1,494	$547M
2024	2	1,457	$581M

Nearby Defined Benefit (Pension) Plans in Ohio

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

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants

Firstenergy Corp. Master Pension Plan $7.6B · 12,346
Nationwide Retirement Plan $5.0B · 22,597
American Electric Power System Retirement Plan $4.5B · 15,837
Ohio Operating Engineers Pension Plan $3.4B · 9,749
Laborers District Council & Contractors Pension Fund of Ohio $2.6B · 13,583

Compare Pension Plan for Hourly Employees of the… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers by total assets, not by location.

American United Life Insurance Company Employees Retirement Plan and Trust (IN) $409M · 1,946
Pension Plan for Certain Hourly Ees of Alcoa USA Corp. (PA) $409M · 869
Indiana Electrical Workers Pension Plan (IN) $409M · 2,027
Data General Corporation Retirement Plan (MA) $409M · 377

Frequently Asked Questions

How did Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers assets move in 2022? ▼

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers declined sharply - down 19.4% during 2022, from $508M to $409M. Reported net income was -$99M.

How have The Cleveland-Cliffs Iron Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), The Cleveland-Cliffs Iron Company's sponsor-wide assets grew 13.5%, from $512M to $581M.

Where does Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers rank by assets among Form 5500 filers? ▼

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers ranks in the 98th percentile by end-of-year assets among 139,258 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is American United Life Insurance Company Employees Retirement Plan and Trust in IN ($409M, 1,946 participants).

Next read for Pension Plan for Hourly Employees of the…

Scale reading

Ways to act on Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's numbers.

By total assets, Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
The Cleveland-Cliffs Iron Company's sponsor-wide assets have grown 13.5% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans

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 340677332.