Defined Benefit (Pension) · DOL Form 5500 · 2024
Cleveland-Cliffs Steel Corporation Pension Plan
Data updated 2026-08-11
- $1.5B
- Total assets
- 2,727
- Participants
- 99th
- Percentile by assets
- $539,430
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.5B
- total plan assets (2024 EOY)
- 2,727
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $539,430
- avg assets per participant
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.
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. Cleveland-Cliffs Combined Pension Plan reports 2,727 participants - 3.6x that state average ($1.5B EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | -$26M |
| Employer EIN | 311267098 |
| Plan Effective Date | 1950-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Cleveland-Cliffs Steel Corporation)
| 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
- GE Aerospace Pension Plan $19.0B · 9,637
- Firstenergy Corp. Master Pension Plan $6.5B · 12,187
- American Electric Power System Retirement Plan $4.1B · 16,073
- Ohio Operating Engineers Pension Plan $3.9B · 10,387
- Parker Defined Benefit Pension Plan $3.5B · 8,120
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Cleveland-Cliffs Combined Pension Plan by total assets, not by location.
- Western Washington Laborers-Employers Pension Plan (WA) $1.5B · 10,507
- Teamsters Joint Council No. 83 of Virginia Pension Fund (VA) $1.5B · 3,126
- Nyu Langone Hospitals Retirement Plan (NY) $1.5B · 2,774
- Aon Retirement Pension Plan (GA) $1.5B · 1,646
Frequently Asked Questions
How did Cleveland-Cliffs Combined Pension Plan assets move in 2024? ▼
How have Cleveland-Cliffs Steel Corporation plan assets changed over time? ▼
Where does Cleveland-Cliffs Combined Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Cleveland-Cliffs Combined Pension Plan? ▼
Next read for Cleveland-Cliffs Combined Pension Plan
Filing takeaways
Ways to act on Cleveland-Cliffs Combined Pension Plan's numbers.
- By total assets, Cleveland-Cliffs Combined Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
- Cleveland-Cliffs Steel Corporation's sponsor-wide assets have grown 21.0% since 2022 across 3 plan years on file. More Manufacturing plans