Defined Benefit (Pension)
2023 plan-year Defined Benefit (Pension) DOL Form 5500

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Cleveland-Cliffs Steel Corporation Β· Ohio Β· Manufacturing

What the 2023 filing shows

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan holds $1.5B for 1,800 participants - about $831,759 per participant, up 21.3% over the 2023 plan year.

$1.5B
total plan assets (2023 EOY)
1,800
covered participants
$831,759
avg assets per participant
+21.3%
assets growth YoY

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

Total Assets (2023)
$1.5B
Participants
1,800
State
Industry
Manufacturing

What the Filing Says About Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan

Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Cleveland-Cliffs Steel Corporation, headquartered in Ohio. As of the 2023 Form 5500 filing, the plan reports $1.5B in total end-of-year assets and covers 1,800 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 311267098, and the plan has been effective since 1950-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.2B at the beginning of 2023 to $1.5B at year-end β€” a gain of 21.3%. Net assets (after liabilities) closed the year at $1.5B, with reported net income of $-23,139,866 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.2B
Total Assets (End of Year)$1.5B
Net Assets (End of Year)$1.5B
Net Income$-23,139,866
Plan TypeDefined Benefit (Pension)
Employer EIN311267098
Plan Effective Date1950-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cleveland-Cliffs Steel Corporation)

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 β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan?
As of the 2023 Form 5500 filing, Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan holds $1.5B in total assets with 1,800 participants. It is sponsored by Cleveland-Cliffs Steel Corporation.
What type of plan is Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan?
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1950-01-01. The plan is filed with the U.S. Department of Labor under EIN 311267098.
Who sponsors the Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan?
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan is sponsored by Cleveland-Cliffs Steel Corporation, located in Ohio. The sponsor's EIN is 311267098 and the plan operates in the Manufacturing industry.
How did Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan perform in 2023?
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan grew by 21.3% during 2023, moving from $1.2B to $1.5B in total assets. Net income was $-23,139,866.
Where can I find official filings for Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan?
Official Form 5500 filings for Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 311267098 or plan name at efast.dol.gov.
How does Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan compare to other plans?
You can compare Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Ohio on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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) β€” original filing retrieval by EIN 311267098.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.