401(k) · DOL Form 5500 · 2023
Cleveland-Cliffs Steel LLC 401(k) Plan
Data updated 2026-08-11
- $1.5B
- Total assets
- 13,113
- Participants
- 99th
- Percentile by assets
- $114,805
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $1.5B
- total plan assets (2023 EOY)
- 13,113
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $114,805
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports 13,113 participants - 17x that state average ($1.5B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $185M |
| Employer EIN | 710871875 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cleveland-Cliffs Steel LLC)
| 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
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
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 Pension Plan (Defined Benefit (Pension), $2.0B, 853 participants)
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan (401(k), $1.7B, 13,118 participants)
- Cleveland-Cliffs Steel LLC Savings and Investment Plan (401(k), $1.1B, 3,302 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan by total assets, not by location.
- Savings and Supplemental Retirement Plan of Novant Health, Inc. (NC) $1.5B · 36,063
- The Mathworks 401(k) Retirement Plan (MA) $1.5B · 3,648
- Nov Inc. 401(k) Plan (TX) $1.5B · 10,830
- Csx Corporation Capital Builder Plan (FL) $1.5B · 20,710
Frequently Asked Questions
How did Cleveland-Cliffs Steel LLC Hourly 401(k) Plan assets move in 2023? ▼
How have Cleveland-Cliffs Steel LLC plan assets changed over time? ▼
Where does Cleveland-Cliffs Steel LLC Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
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Next read for Cleveland-Cliffs Steel LLC Hourly 401(k)…
Filing takeaways
Ways to act on Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's numbers.
- By total assets, Cleveland-Cliffs Steel LLC Hourly 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Cleveland-Cliffs Steel LLC's sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Manufacturing plans