Defined Benefit (Pension) · DOL Form 5500 · 2023

Cleveland-Cliffs Steel Corporation Pension Plan

Data updated 2026-08-11

$1.5B
Total assets: 1,800
Participants: 99th
Percentile by assets: $831,759
Avg per participant

Official DOL plan name: Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan · Sponsored by Cleveland-Cliffs Steel Corporation · Ohio · Manufacturing

$1.5B in assets, 1,800 participants

Cleveland-Cliffs Steel Corporation's Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan reported $1.5B in total assets and 1,800 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)
#18,391 in Manufacturing (18,722 peers)

Coverage in Ohio

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan covers 1,800 participants in Ohio, 2.4x the typical Ohio plan (state average ~765 per filing). Assets: $1.5B.

$1.5B
total plan assets (2023 EOY): 1,800
covered participants: 99th
percentile by assets (of 127,072 plans): $831,759
avg assets per participant

The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan reported net income rose from -$361M in the plan year 2022 filing to -$23M in the plan year 2023 filing.
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan reported participants fell from 1,909 in the plan year 2022 filing to 1,800 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Manufacturing

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan reports 1,800 participants - 2.4x that state average ($1.5B EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$1.2B
Net Assets (End of Year)	$1.5B
Net Income	-$23M
Employer EIN	311267098
Plan Effective Date	1950-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Cleveland-Cliffs Steel Corporation)

Total plan assets by year, all Cleveland-Cliffs Steel Corporation plans on file

Year	Plans	Participants	Total Assets
2022	4	9,922	$2.4B
2023	4	10,419	$2.8B
2024	4	9,597	$2.9B

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants

Firstenergy Corp. Master Pension Plan $7.1B · 12,304
Nationwide Retirement Plan $5.3B · 22,311
American Electric Power System Retirement Plan $4.5B · 15,595
Parker Defined Benefit Plan $3.7B · 191
Ohio Operating Engineers Pension Plan $3.6B · 10,029

Compare Cleveland-Cliffs Steel Corporation Nonco… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan by total assets, not by location.

NECA-IBEW Pension Trust Fund (IL) $1.5B · 5,763
Medtronic Retirement Plan (MN) $1.5B · 1,079
Aarp Employees' Pension Plan (DC) $1.5B · 1,957
Koch Employees' Pension Plan (KS) $1.5B · 5,542

Frequently Asked Questions

How did Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan assets move in 2023? ▼

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan grew sharply - up 21.3% during 2023, from $1.2B to $1.5B. Reported net income was -$23M.

How have Cleveland-Cliffs Steel Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Cleveland-Cliffs Steel Corporation's sponsor-wide assets grew 21.0%, from $2.4B to $2.9B.

Where does Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan rank by assets among Form 5500 filers? ▼

Cleveland-Cliffs Steel Corporation Noncontributory Pension 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 Defined Benefit (Pension) plans are similar in size to Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is NECA-IBEW Pension Trust Fund in IL ($1.5B, 5,763 participants).

Next read for Cleveland-Cliffs Steel Corporation Nonco…

Filing takeaways

Ways to act on Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan's numbers.

By total assets, Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
Cleveland-Cliffs Steel Corporation's sponsor-wide assets have grown 21.0% since 2022 across 3 plan years on file. More Manufacturing plans

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 311267098.