401(k) · DOL Form 5500 · 2024
Cleveland-Cliffs Steel LLC 401(k) Plan
Data updated 2026-08-11
- $1.7B
- Total assets
- 13,118
- Participants
- 99th
- Percentile by assets
- $127,037
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.7B
- total plan assets (2024 EOY)
- 13,118
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $127,037
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. Cleveland-Cliffs Steel LLC Hourly 401(k) Plan reports 13,118 participants - 17x that state average ($1.7B EOY assets).
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)
| 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.
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Cleveland-Cliffs Steel LLC Hourly 401(k) Plan assets move in 2024? ▼
How have Cleveland-Cliffs Steel LLC plan assets changed over time? ▼
Where does Cleveland-Cliffs Steel LLC Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Cleveland-Cliffs Steel LLC Hourly 401(k) Plan? ▼
Next read for Cleveland-Cliffs Steel LLC Hourly 401(k)…
Filing takeaways
Ways to act on Cleveland-Cliffs Steel LLC Hourly 401(k) Plan's numbers.
- By total assets, Cleveland-Cliffs Steel LLC Hourly 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Cleveland-Cliffs Steel LLC's sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Manufacturing plans