401(k) · DOL Form 5500 · 2023

Cleveland-Cliffs Steel LLC 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
13,113
Participants Very large workforce
99th
Percentile by assets National rank
$114,805
Avg per participant Below avg balance/head
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Official DOL plan name: Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing

$1.5B in assets, 13,113 participants

Cleveland-Cliffs Steel LLC's Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported $1.5B in total assets and 13,113 participants in its 2023 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.

  • #18,392 in Manufacturing (18,722 peers)

Coverage in Illinois

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan covers 13,113 participants in Illinois, 17x the typical Illinois plan (state average ~779 per filing). Assets: $1.5B.

#18,392
in Manufacturing (18,722 peers)
+14.0%
assets growth YoY
15×
vs typical plan assets (national mean)

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's outsized position by total assets

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,505,443,000 Top 1% higher than 99% of 127,068 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 2023

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan is a mega filing (13,113 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported net income rose from -$261M in the plan year 2022 filing to $185M in the plan year 2023 filing.
  • Cleveland-Cliffs Steel LLC Hourly 401(k) Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported participants rose from 12,117 in the plan year 2022 filing to 13,113 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 710871875 · Cleveland-Cliffs Steel LLC PY 2023 · 401(k)

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · $1.5B · 13,113 · 99th

  • RANK $1.5B
  • RANK 13,113
  • RANK 99th
  • RANK 401(k)
  • RANK near Savings and Supplemental Retirement Plan of Novant Health, Inc.
  • RANK ind #18392

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 Hourly 401(k) Plan in the asset neighbourhood

Cleveland-Cliffs Steel LLC Hourly 401(k) PlanCleveland-Cliffs Steel LLC H…$1.5BNov Inc. 401(k) Plan$1.5BCsx Corporation Capital Builder PlanCsx Corporation Capital Buil…$1.5BSavings and Supplemental Retirement Plan of Novant Health, Inc.Savings and Supplemental Ret…$1.5BThe Mathworks 401(k) Retirement PlanThe Mathworks 401(k) Retirem…$1.5B
End-of-year total assets ($B) among Cleveland-Cliffs Steel LLC Hourly 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.5B
Net Income$185M
Employer EIN710871875
Plan Effective Date1987-01-01
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 401(k) Plans in Illinois

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

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 05101520 Total assets ($B) Participants Cleveland-Cliffs Steel LLC Hourly 401(k) Plan, Total assets ($B): 1.505443 · Participants: 13113Cleveland-Cliffs Steel LLC Hourly 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Cleveland-Cliffs Steel LLC Hourly 401(k) Plan side-by-side with 3 peers →

Scale composition for Cleveland-Cliffs Steel LLC Hourly 401(k) Plan

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports $1.5B in end-of-year assets across 13,113 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $114,805 per participant (83% of the national average assets-per-participant) . Net income for plan year 2023 was $185M.

This plan identity (EIN 710871875, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+26.2%) while covered participants moved from 12,117 to 13,118 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,117 $1.3B Open filing
2023 13,113 $1.5B This page
2024 · index core 13,118 $1.7B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC ($1.5B); by covered participants it is Sony USA 401(k) Plan in NY (13,118 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (13,113 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cleveland-Cliffs Steel LLC Hourly 401(k) Plan assets move in 2023? ▼
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan grew at a solid clip - up 14.0% during 2023, from $1.3B to $1.5B. Reported net income was $185M.
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 Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Savings and Supplemental Retirement Plan of Novant Health, Inc. in NC ($1.5B, 36,063 participants).
Which 401(k) plans cover a similar participant headcount to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sony USA 401(k) Plan in NY (13,118 participants, $5.5B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.