Defined Benefit (Pension) · DOL Form 5500 · 2022

Cleveland-Cliffs Steel LLC Pension Plan

Data updated 2026-08-25

$122M
Total assets Near avg plan size
N/A
Participants Small participant base
94th
Percentile by assets National rank
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Official DOL plan name: Retiree Pension Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing

$122M in assets, N/A participants

Cleveland-Cliffs Steel LLC's Retiree Pension Plan reported $122M in total assets and N/A participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • #18,610 in Manufacturing (20,602 peers)

Where Retiree Pension Plan sits by assets

Retiree Pension Plan sits in the top 10% of all filed plans by assets, $122M for N/A participants, down 23.5% in 2022.

#18,610
in Manufacturing (20,602 peers)
-23.5%
assets change YoY
1.2×
vs typical plan assets (national mean)

The plan reported a net loss of $37M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Retiree Pension Plan's outsized position by total assets

Retiree Pension Plan vs every filed plan by assets

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

$121,933,000 Top 6% higher than 94% 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

Filed plans by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

Published 5500 schedule card

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

Retiree Pension Plan · $122M · N/A · 94th

  • PART $122M
  • TYPE N/A
  • NET 94th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Contractors Laborers Teamsters & Engineers Pension Plan
  • BOY ind #18610

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 →

Retiree Pension Plan in the asset neighbourhood

Marin General Hospital Retirement PlanMarin General Hospital Retir…$122MBasic Pension Plan for Employees of Jewish Federation Council of Greater Los AngelesBasic Pension Plan for Emplo…$122MRetiree Pension Plan$122MContractors Laborers Teamsters & Engineers Pension PlanContractors Laborers Teamste…$122MRetirement Plan for Children's Hospital & Research Center at Oakland Unrepresented EmployeesRetirement Plan for Children…$122M
End-of-year total assets ($M) among Retiree 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)$159M
Net Assets (End of Year)$122M
Net Income-$37M
Employer EIN710871875
Plan Effective Date2017-12-31
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.

Retiree Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1001020304050 Total assets ($B) Participants Retiree Pension Plan, Total assets ($B): 0.121933 · Participants: 0Retiree 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
Retiree Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants

Retiree Pension Plan's closest out-of-state Defined Benefit (Pension) peers by assets

Outside Illinois, the nearest Defined Benefit (Pension) by end-of-year assets is Contractors Laborers Teamsters & Engineers Pension Plan in NE at $122M (this filing: $122M).

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 Retiree Pension Plan assets move in 2022? ▼
Retiree Pension Plan declined sharply - down 23.5% during 2022, from $159M to $122M. Reported net income was -$37M.
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 Retiree Pension Plan rank by assets among Form 5500 filers? ▼
Retiree Pension Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Retiree Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Contractors Laborers Teamsters & Engineers Pension Plan in NE ($122M, 885 participants).