401(k)
2023 plan-year 401(k) DOL Form 5500

Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan

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

Sponsored by Cleveland-Cliffs Inc. ยท Ohio ยท Mining & Oil Extraction

What the 2023 filing shows

Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan holds $255M for 709 participants - about $359,963 per participant, up 40.1% over the 2023 plan year.

$255M
total plan assets (2023 EOY)
709
covered participants
$359,963
avg assets per participant
+40.1%
assets growth YoY
Total Assets (2023)
$255M
Participants
709
State
Industry
Mining & Oil Extraction

What the Filing Says About Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan

Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan is a 401(k) retirement plan sponsored by Cleveland-Cliffs Inc., headquartered in Ohio. As of the 2023 Form 5500 filing, the plan reports $255M in total end-of-year assets and covers 709 participants across the Mining & Oil Extraction industry. The sponsor's EIN on file with the U.S. Department of Labor is 341464672, and the plan has been effective since 1968-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $182M at the beginning of 2023 to $255M at year-end โ€” a gain of 40.1%. Net assets (after liabilities) closed the year at $255M, with reported net income of $38M 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 โ€” 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)$182M
Total Assets (End of Year)$255M
Net Assets (End of Year)$255M
Net Income$38M
Plan Type401(k)
Employer EIN341464672
Plan Effective Date1968-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cleveland-Cliffs Inc.)

Year Plans Participants Total Assets
2022 2 1,725 $458M
2023 2 1,742 $255M
2024 1 1,178 $241M

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Frequently Asked Questions

How much money is in the Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan?
As of the 2023 Form 5500 filing, Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan holds $255M in total assets with 709 participants. It is sponsored by Cleveland-Cliffs Inc..
What type of plan is Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan?
Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan is a 401(k) plan. It has been effective since 1968-06-01. The plan is filed with the U.S. Department of Labor under EIN 341464672.
Who sponsors the Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan?
Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan is sponsored by Cleveland-Cliffs Inc., located in Ohio. The sponsor's EIN is 341464672 and the plan operates in the Mining & Oil Extraction industry.
How did Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan perform in 2023?
Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan grew by 40.1% during 2023, moving from $182M to $255M in total assets. Net income was $38M.
Where can I find official filings for Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan?
Official Form 5500 filings for Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 341464672 or plan name at efast.dol.gov.
How does Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan compare to other plans?
You can compare Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan against other 401(k) 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) โ€” original filing retrieval by EIN 341464672.

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

Reference: IRS Publication 590-B โ€” 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.