Defined Benefit (Pension) · DOL Form 5500 · 2024
The Cleveland-Cliffs Iron Company Pension Plan
Data updated 2026-08-06
- $448M
- Total assets
- 675
- Participants
- 97th
- Percentile by assets
- $663,719
- Avg per participant
Official DOL plan name: Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers · Sponsored by The Cleveland-Cliffs Iron Company · Ohio · Mining & Oil Extraction
$448M in assets, 675 participants
The Cleveland-Cliffs Iron Company's Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported $448M in total assets and 675 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 116,472 plans)
- #726 in Mining & Oil Extraction (768 peers)
Where Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits by assets
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits in the top 5% of all filed plans by assets, $448M for 675 participants (~$663,719/participant), up 4.8% in 2024.
- $448M
- total plan assets (2024 EOY)
- 675
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $663,719
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported net income rose from $18M in the plan year 2023 filing to $21M in the plan year 2024 filing.
- Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers reported participants fell from 726 in the plan year 2023 filing to 675 in the plan year 2024 filing.
- Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers end-of-year assets rose from $427M in the plan year 2023 filing to $448M in the plan year 2024 filing.
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers vs the 2024 asset distribution
By assets, Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.5x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $427M |
|---|---|
| Net Assets (End of Year) | $448M |
| Net Income | $21M |
| Employer EIN | 340677332 |
| Plan Effective Date | 1950-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Cleveland-Cliffs Iron Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,496 | $512M |
| 2023 | 2 | 1,494 | $547M |
| 2024 | 2 | 1,457 | $581M |
Nearby Defined Benefit (Pension) Plans in Ohio
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers 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
- Parker Defined Benefit Pension Plan $3.5B · 8,120
- Nationwide Retirement Plan - Final Average Pay $3.5B · 5,058
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers by total assets, not by location.
- Electrical Workers Local No. 292 Pension Plan (MN) $447M · 2,387
- Wk Kellogg Co Bakery, Confectionery, Tobacco Workers and Grain Millers Pension Plan (MI) $449M · 1,112
- Oregon Laborers-Employers Pension Plan (OR) $449M · 2,346
- The Adjustable Plan of the Unite Here Retirement (NY) $450M · 41,173
Frequently Asked Questions
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Ways to act on Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's numbers.
- By total assets, Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
- The Cleveland-Cliffs Iron Company's sponsor-wide assets have grown 13.5% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans