Defined Benefit (Pension) · DOL Form 5500 · 2024
Cleveland-Cliffs Steel LLC Pension Plan
Data updated 2026-08-11
- $2.0B
- Total assets
- 853
- Participants
- 99th
- Percentile by assets
- $2.3M
- Avg per participant
Official DOL plan name: Cleveland-Cliffs Steel LLC Pension Plan · Sponsored by Cleveland-Cliffs Steel LLC · Illinois · Manufacturing
$2.0B in assets, 853 participants
Cleveland-Cliffs Steel LLC's Cleveland-Cliffs Steel LLC Pension Plan reported $2.0B in total assets and 853 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)
- #17,520 in Manufacturing (17,777 peers)
Where Cleveland-Cliffs Steel LLC Pension Plan sits by assets
Cleveland-Cliffs Steel LLC Pension Plan sits among the largest 1% of all filed plans, $2.0B for 853 participants (~$2.3M/participant), down 3.9% in 2024.
- $2.0B
- total plan assets (2024 EOY)
- 853
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $2.3M
- avg assets per participant
The plan reported a net loss of $82M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Cleveland-Cliffs Steel LLC Pension Plan sits by total assets
Cleveland-Cliffs Steel LLC Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,998,111,008 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cleveland-Cliffs Steel LLC Pension Plan reported net income fell from $18M in the plan year 2023 filing to -$82M in the plan year 2024 filing.
- Cleveland-Cliffs Steel LLC Pension Plan reported participants fell from 982 in the plan year 2023 filing to 853 in the plan year 2024 filing.
- Cleveland-Cliffs Steel LLC Pension Plan end-of-year assets fell from $2.1B in the plan year 2023 filing to $2.0B in the plan year 2024 filing.
Cleveland-Cliffs Steel LLC Pension Plan vs the 2024 asset distribution
By assets, Cleveland-Cliffs Steel LLC Pension Plan outranks 99% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 20x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $2.1B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | -$82M |
| Employer EIN | 710871875 |
| Plan Effective Date | 1950-01-01 |
| 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 Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Cleveland-Cliffs Steel LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Cleveland-Cliffs Steel LLC Pension Plan by total assets, not by location.
- Cargill, Inc. and Associated Companies Salaried Employees Pension Plan (MN) $2.0B · 3,346
- United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan (GA) $2.0B · 4,790
- Idaho National Laboratory Employee Retirement Plan (ID) $2.0B · 930
- Twin City Carpenters and Joiners Pension Fund (MN) $2.0B · 6,440
Frequently Asked Questions
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How have Cleveland-Cliffs Steel LLC plan assets changed over time? ▼
Where does Cleveland-Cliffs Steel LLC Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Cleveland-Cliffs Steel LLC Pension Plan
Scale reading
Ways to act on Cleveland-Cliffs Steel LLC Pension Plan's numbers.
- By total assets, Cleveland-Cliffs Steel LLC 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 Illinois. 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