Defined Benefit (Pension) · DOL Form 5500 · 2023

Cleveland-Cliffs Steel LLC Pension Plan

Data updated 2026-08-25

$111M
Total assets Near avg plan size
N/A
Participants Small participant base
92nd
Percentile by assets National rank
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Official DOL plan name: Retiree Pension Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing

$111M in assets, N/A participants

Cleveland-Cliffs Steel LLC's Retiree Pension Plan reported $111M in total assets and N/A participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #16,425 in Manufacturing (18,722 peers)

Where Retiree Pension Plan sits by assets

Retiree Pension Plan sits in the top 10% of all filed plans by assets, $111M for N/A participants, down 9.0% in 2023.

#16,425
in Manufacturing (18,722 peers)
-9.0%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $11M 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 2023 · DOL Form 5500

$110,910,000 Top 8% higher than 92% 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

Filed plans by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retiree Pension Plan reported net income rose from -$37M in the plan year 2022 filing to -$11M in the plan year 2023 filing.
  • Retiree Pension Plan end-of-year assets fell from $122M in the plan year 2022 filing to $111M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 710871875 · Cleveland-Cliffs Steel LLC PY 2023 · Defined Benefit (Pension)

Retiree Pension Plan · $111M · N/A · 92nd

  • BOOK $111M
  • VS-ST N/A
  • BOY 92nd
  • SCH Defined Benefit (Pension)
  • EBSA near Grange Holdings, Inc. Retirement Income Plan
  • PART ind #16425

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

Sealed Air Corporation Combined Pension PlanSealed Air Corporation Combi…$111MGrange Holdings, Inc. Retirement Income PlanGrange Holdings, Inc. Retire…$111MRetiree Pension Plan$111MWausau Paper Corp. Retirement PlanWausau Paper Corp. Retiremen…$111MBunzl USA, LLC Retirement PlanBunzl USA, LLC Retirement Pl…$111M
End-of-year total assets ($M) among Retiree Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$122M
Net Assets (End of Year)$111M
Net Income-$11M
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 -200204060 Total assets ($B) Participants Retiree Pension Plan, Total assets ($B): 0.11091 · Participants: 0Retiree Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Retiree Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Retiree Pension Plan side-by-side with 3 peers →

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 Grange Holdings, Inc. Retirement Income Plan in OH at $111M (this filing: $111M).

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($111M here).

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 Retiree Pension Plan assets move in 2023? ▼
Retiree Pension Plan pulled back noticeably - down 9.0% during 2023, from $122M to $111M. Reported net income was -$11M.
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 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Grange Holdings, Inc. Retirement Income Plan in OH ($111M, 279 participants).

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.