Defined Benefit (Pension) · DOL Form 5500 · 2024

The Cleveland-Cliffs Iron Company Pension Plan

Data updated 2026-08-25

$448M
Total assets Above avg plan size
675
Participants Below avg headcount
97th
Percentile by assets National rank
$663,719
Avg per participant High balance/head
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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.

  • #741 in Mining & Oil Extraction (785 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.

#741
in Mining & Oil Extraction (785 peers)
+4.8%
assets growth YoY
4.5×
vs typical plan assets (national mean)

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's outsized position by total assets

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers vs every filed plan by assets

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

$448,010,332 Top 3% higher than 97% 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

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers sits mid-pack in the medium band (675 participants).

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.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 340677332 · The Cleveland-Cliffs Iron Company PY 2024 · Defined Benefit (Pension)

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers · $448M · 675 · 97th

  • 5500 $448M
  • ASSETS 675
  • PCT 97th
  • EIN Defined Benefit (Pension)
  • RANK near Electrical Workers Local No. 292 Pension Plan
  • PHOTO ind #741

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 Mining & Oil Extraction retirement plans → · Plans in Ohio →

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers in the asset neighbourhood

The Adjustable Plan of the Unite Here RetirementThe Adjustable Plan of the U…$450MOregon Laborers-Employers Pension PlanOregon Laborers-Employers Pe…$449MWk Kellogg Co Bakery, Confectionery, Tobacco Workers and Grain Millers Pension PlanWk Kellogg Co Bakery, Confec…$449MPension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated EmployersPension Plan for Hourly Empl…$448MElectrical Workers Local No. 292 Pension PlanElectrical Workers Local No.…$447M
End-of-year total assets ($M) among Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$427M
Net Assets (End of Year)$448M
Net Income$21M
Employer EIN340677332
Plan Effective Date1950-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Cleveland-Cliffs Iron Company)

Sponsor-wide plan assets over time

All The Cleveland-Cliffs Iron Company plans reported in each filing year

Latest sponsor-wide plan assets
$581M 13.463299765812259% vs 2022
2024 filing year
$500M$550M$600M 202220232024 $512M $581M ▲ +13.5%
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 Scatter plot of 6 data points. -500005000100001500020000 -505101520 Total assets ($B) Participants Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers, Total assets ($B): 0.448010332 · Participants: 675Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated EmployersGE 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
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
Compare Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers side-by-side with 3 peers →

Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Electrical Workers Local No. 292 Pension Plan in MN ($447M); by covered participants it is Pinkerton Tobacco Hourly Employees Retirement Plan in VA (675 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (675 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 Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers assets move in 2024? ▼
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers edged up modestly - up 4.8% during 2024, from $427M to $448M. Reported net income was $21M.
How have The Cleveland-Cliffs Iron Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Cleveland-Cliffs Iron Company's sponsor-wide assets grew 13.5%, from $512M to $581M.
Where does Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers rank by assets among Form 5500 filers? ▼
Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Electrical Workers Local No. 292 Pension Plan in MN ($447M, 2,387 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Hourly Employees of the Cleveland-Cliffs Iron Company and Its Associated Employers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pinkerton Tobacco Hourly Employees Retirement Plan in VA (675 participants, $36M 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 340677332.

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.