Defined Benefit (Pension) · DOL Form 5500 · 2023
Cleveland-Cliffs Steel Corporation Pension Plan
Data updated 2026-08-25
- $1.5B
- Total assets Very large vs avg
- 1,800
- Participants Near avg headcount
- 99th
- Percentile by assets National rank
- $831,759
- Avg per participant High balance/head
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.
- #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.
- #18,391
- in Manufacturing (18,722 peers)
- +21.3%
- assets growth YoY
- 15×
- vs typical plan assets (national mean)
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's outsized position by total assets
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,497,167,065 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan lands in the large band (1,800 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 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.
EBSA filing schedule strip
Filing strip 311267098 · Cleveland-Cliffs Steel Corporation PY 2023 · Defined Benefit (Pension)
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan · $1.5B · 1,800 · 99th
- PCT $1.5B
- PCT 1,800
- PCT 99th
- PCT Defined Benefit (Pension)
- PCT near NECA-IBEW Pension Trust Fund
- PCT ind #18391
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 Ohio →
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Cleveland-Cliffs Steel Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.9B 21.0061458565702% vs 2022
- 2024 filing year
| 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.
- 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
Cleveland-Cliffs Steel Corporation Noncontributory Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Ohio, the nearest Defined Benefit (Pension) by assets is NECA-IBEW Pension Trust Fund in IL ($1.5B); by covered participants it is The Employee Retirement Plan of Group Health Plan, in MN (1,800 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.5B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,800 participants); asset peers above are excluded.
- The Employee Retirement Plan of Group Health Plan, (MN) 1,800 · 0 off
- Cash Balance Retirement Plan of Hallmark Cards, Inc. (MO) 1,798 · 2 off
- Detroit Medical Center Consolidated Pension Plan (MI) 1,803 · 3 off
- Aon Retirement Pension Plan (GA) 1,806 · 6 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.