Defined Benefit (Pension) · DOL Form 5500 · 2024

Cleveland-Cliffs Steel Corporation Pension Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
2,727
Participants Above avg headcount
99th
Percentile by assets National rank
$539,430
Avg per participant High balance/head
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Official DOL plan name: Cleveland-Cliffs Combined Pension Plan · Sponsored by Cleveland-Cliffs Steel Corporation · Ohio · Manufacturing

$1.5B in assets, 2,727 participants

Cleveland-Cliffs Steel Corporation's Cleveland-Cliffs Combined Pension Plan reported $1.5B in total assets and 2,727 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.

  • #17,440 in Manufacturing (17,777 peers)

Coverage in Ohio

Cleveland-Cliffs Combined Pension Plan covers 2,727 participants in Ohio, 3.6x the typical Ohio plan (state average ~765 per filing). Assets: $1.5B.

#17,440
in Manufacturing (17,777 peers)
-1.7%
assets change YoY
15×
vs typical plan assets (national mean)

The plan reported a net loss of $26M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cleveland-Cliffs Combined Pension Plan's outsized position by total assets

Cleveland-Cliffs Combined Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,471,026,364 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Cleveland-Cliffs Combined Pension Plan's large-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 Combined Pension Plan lands in the large band (2,727 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Cleveland-Cliffs Combined Pension Plan reported participants rose from 1,800 in the plan year 2023 filing to 2,727 in the plan year 2024 filing.
  • Cleveland-Cliffs Combined Pension Plan reported net income fell from -$23M in the plan year 2023 filing to -$26M in the plan year 2024 filing.
  • Cleveland-Cliffs Combined Pension Plan end-of-year assets fell from $1.5B in the plan year 2023 filing to $1.5B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 311267098 · Cleveland-Cliffs Steel Corporation PY 2024 · Defined Benefit (Pension)

Cleveland-Cliffs Combined Pension Plan · $1.5B · 2,727 · 99th

  • 5500 $1.5B
  • 5500 2,727
  • 5500 99th
  • 5500 Defined Benefit (Pension)
  • 5500 near Western Washington Laborers-Employers Pension Plan
  • 5500 ind #17440

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 Combined Pension Plan in the asset neighbourhood

Cleveland-Cliffs Combined Pension PlanCleveland-Cliffs Combined Pe…$1.5BWestern Washington Laborers-Employers Pension PlanWestern Washington Laborers-…$1.5BTeamsters Joint Council No. 83 of Virginia Pension FundTeamsters Joint Council No. …$1.5BNyu Langone Hospitals Retirement PlanNyu Langone Hospitals Retire…$1.5BAon Retirement Pension Plan$1.5B
End-of-year total assets ($B) among Cleveland-Cliffs Combined Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.5B
Net Income-$26M
Employer EIN311267098
Plan Effective Date1950-01-01
Filing StatusFILING 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
$2.2B$2.4B$2.6B$2.8B$3B 202220232024 $2.37B $2.86B ▲ +20.7%
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.

Cleveland-Cliffs Combined Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 05101520 Total assets ($B) Participants Cleveland-Cliffs Combined Pension Plan, Total assets ($B): 1.471026364 · Participants: 2727Cleveland-Cliffs Combined Pension PlanGE Aerospace Pension Plan, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Master Pension PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.085797504 · Participants: 16073American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engineers Pension PlanParker Defined Benefit Pension Plan, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benefit Pension Plan
Cleveland-Cliffs Combined Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Cleveland-Cliffs Combined Pension Plan side-by-side with 3 peers →

Cleveland-Cliffs Combined Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Western Washington Laborers-Employers Pension Plan in WA ($1.5B); by covered participants it is Monument Health, Inc. Pension Plan in SD (2,726 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (2,727 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cleveland-Cliffs Combined Pension Plan assets move in 2024? ▼
Cleveland-Cliffs Combined Pension Plan edged down modestly - down 1.7% during 2024, from $1.5B to $1.5B. Reported net income was -$26M.
How have Cleveland-Cliffs Steel Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cleveland-Cliffs Steel Corporation's sponsor-wide assets grew 21.0%, from $2.4B to $2.9B.
Where does Cleveland-Cliffs Combined Pension Plan rank by assets among Form 5500 filers? ▼
Cleveland-Cliffs Combined Pension Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Cleveland-Cliffs Combined Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Western Washington Laborers-Employers Pension Plan in WA ($1.5B, 10,507 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Cleveland-Cliffs Combined Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Monument Health, Inc. Pension Plan in SD (2,726 participants, $105M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 311267098.

Read our methodology - how this data is sourced, computed, and verified.

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