Defined Benefit (Pension) · DOL Form 5500 · 2023

The Cleveland-Cliffs Iron Company Pension Plan

Data updated 2026-08-25

$427M
Total assets Above avg plan size
726
Participants Near avg headcount
97th
Percentile by assets National rank
$588,584
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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

$427M in assets, 726 participants

The Cleveland-Cliffs Iron Company's Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported $427M in total assets and 726 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #764 in Mining & Oil Extraction (811 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, $427M for 726 participants (~$588,584/participant), up 4.4% in 2023.

#764
in Mining & Oil Extraction (811 peers)
+4.4%
assets growth YoY
4.3×
vs typical plan assets (national mean)

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's outsized position by total assets

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers vs every filed plan by assets

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

$427,311,658 Top 3% higher than 97% 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

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits mid-pack in the medium band (726 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported net income rose from -$99M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers end-of-year assets rose from $409M in the plan year 2022 filing to $427M in the plan year 2023 filing.
  • Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported participants rose from 715 in the plan year 2022 filing to 726 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 340677332 · The Cleveland-Cliffs Iron Company PY 2023 · Defined Benefit (Pension)

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers · $427M · 726 · 97th

  • ASSETS $427M
  • PCT 726
  • EIN 97th
  • RANK Defined Benefit (Pension)
  • PHOTO near Consolidated Communications Retirement Plan
  • IND ind #764

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 Mining & Oil Extraction retirement plans → · Plans in Ohio →

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers in the asset neighbourhood

Consolidated Communications Retirement PlanConsolidated Communications …$428MPension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated EmployersPension Plan for Hourly Empl…$427MWestlake Defined Benefit Plan$427MAllete & Affiliated Companies Retirement Plan CAllete & Affiliated Companie…$426MSwiss Re Group U.S. Employee's Pension PlanSwiss Re Group U.S. Employee…$425M
End-of-year total assets ($M) among Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$409M
Net Assets (End of Year)$427M
Net Income$18M
Employer EIN340677332
Plan Effective Date1950-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Cleveland-Cliffs Iron Company)

Sponsor-wide plan assets over time

All The Cleveland-Cliffs Iron Company plans reported in each filing year

Latest sponsor-wide plan assets
$581M 13.463299765812259% vs 2022
2024 filing year
$500M$550M$600M 202220232024 $512M $581M ▲ +13.5%
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 Scatter plot of 6 data points. -50000500010000150002000025000 02468 Total assets ($B) Participants Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers, Total assets ($B): 0.427311658 · Participants: 726Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated EmployersFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
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
Compare Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers side-by-side with 3 peers →

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Consolidated Communications Retirement Plan in TX ($428M); by covered participants it is Pension Plan for All Eligible Employees of Crane in CT (727 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($427M here).

Similar participant headcount

Nearest other-state filings by covered participants (726 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 Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers assets move in 2023? ▼
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers edged up modestly - up 4.4% during 2023, from $409M to $427M. Reported net income was $18M.
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 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Consolidated Communications Retirement Plan in TX ($428M, 1,470 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount 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 covered participants is Pension Plan for All Eligible Employees of Crane in CT (727 participants, $453M 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 340677332.

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.