401(k) · DOL Form 5500 · 2024
Cleveland-Cliffs Steel LLC 401(k) Plan
Data updated 2026-08-25
- $1.7B
- Total assets Very large vs avg
- 13,118
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $127,037
- Avg per participant Near avg balance/head
Official DOL plan name: Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · Sponsored by Cleveland-Cliffs Steel LLC · Ohio · Manufacturing
$1.7B in assets, 13,118 participants
Cleveland-Cliffs Steel LLC's Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported $1.7B in total assets and 13,118 participants in its 2024 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.
- #17,472 in Manufacturing (17,777 peers)
Coverage in Ohio
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan covers 13,118 participants in Ohio, 17x the typical Ohio plan (state average ~765 per filing). Assets: $1.7B.
- #17,472
- in Manufacturing (17,777 peers)
- +10.7%
- assets growth YoY
- 17×
- vs typical plan assets (national mean)
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's outsized position by total assets
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,666,468,275 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan is a mega filing (13,118 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reported net income fell from $185M in the plan year 2023 filing to $161M in the plan year 2024 filing.
- Cleveland-Cliffs Steel LLC Hourly 401(k) Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.7B in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 710871875 · Cleveland-Cliffs Steel LLC PY 2024 · 401(k)
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan · $1.7B · 13,118 · 99th
- PART $1.7B
- TYPE 13,118
- NET 99th
- BOOK 401(k)
- VS-ST near Advance 401(k) Plan
- BOY ind #17472
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 LLC Hourly 401(k) Plan in the asset neighbourhood
Ohio filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | $161M |
| Employer EIN | 710871875 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cleveland-Cliffs Steel LLC)
Sponsor-wide plan assets over time
All Cleveland-Cliffs Steel LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.8B 9.09063287726536% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 16,064 | $4.4B |
| 2023 | 4 | 17,325 | $4.7B |
| 2024 | 4 | 17,273 | $4.8B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- GE Aerospace Retirement Savings Plan $14.7B · 45,620
- The Kroger Co. 401(k) Retirement Savings Account Plan $11.8B · 135,373
- The Progressive 401(k) Plan $11.5B · 62,521
- The Sherwin-Williams Company 401(k) Plan $10.6B · 47,459
- Parker Retirement Savings Plan $9.0B · 26,315
Scale composition for Cleveland-Cliffs Steel LLC Hourly 401(k) Plan
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports $1.7B in end-of-year assets across 13,118 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $127,037 per participant (92% of the national average assets-per-participant) . Net income for plan year 2024 was $161M.
This plan identity (EIN 710871875, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.7B (+26.2%) while covered participants moved from 12,117 to 13,118 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,117 | $1.3B | Open filing |
| 2023 | 13,113 | $1.5B | Open filing |
| 2024 · index core | 13,118 | $1.7B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Cleveland-Cliffs Steel LLC Pension Plan (Defined Benefit (Pension), $2.0B, 853 participants)
- Cleveland-Cliffs Steel LLC Savings and Investment Plan (401(k), $1.1B, 3,302 participants)
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Advance 401(k) Plan in NY ($1.7B); by covered participants it is Andersen 401(k) Plan in MN (13,115 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.7B here).
- Advance 401(k) Plan (NY) $1.7B · 6,761
- Garney Holding Company Employee Stock Ownership Plan and Trust (MO) $1.7B · 2,149
- Sonoco Retirement & Savings Plan (SC) $1.7B · 11,813
- Blue Cross and Blue Shield of Florida, Inc. 401(k) Retirement Savings Plan (FL) $1.7B · 8,959
Similar participant headcount
Nearest other-state filings by covered participants (13,118 participants); asset peers above are excluded.
- Andersen 401(k) Plan (MN) 13,115 · 3 off
- Visa 401(k) Plan (CA) 13,121 · 3 off
- Gpm Investments 401(k) Plan (VA) 13,124 · 6 off
- Under Armour 401(k) Plan (MD) 13,125 · 7 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.