Cleveland-Cliffs Steel 401(k) match, vesting and fees
What Cleveland-Cliffs Steel's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv Inst Operations LLC | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,622 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Cleveland-Cliffs Steel: employer contribution per participant | $2,646 | |
| Peer median | $2,413 |
| Cleveland-Cliffs Steel: average balance | $121,237 | |
| Peer median | $86,434 |
| Cleveland-Cliffs Steel: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $536M at the end of plan year 2023 to $604M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,029 | $604M | $13.2M | $2,646 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 5,188 | $536M | $12.3M | $2,403 | 0.05% | Not published | Form 5500 ↗ |
Other Cleveland-Cliffs Steel plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Cleveland-Cliffs Steel Corporation Thrift Plan a
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv Inst Operations LLC | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The Cleveland-Cliffs Steel Corporation Thrift Plan B
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Cleveland-Cliffs Combined Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | BNY Mellon | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Cleveland-Cliffs Steel match 401(k) contributions?
The match terms for the The Cleveland-Cliffs Steel Corporation Thrift Plan C have not been published from its filing yet. The plan year 2024 filing reports $13.2M in employer contributions, about $2,646 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cleveland-Cliffs Steel 401(k) match vested?
The vesting schedule for the The Cleveland-Cliffs Steel Corporation Thrift Plan C is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cleveland-Cliffs Steel 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Inv Inst Operations LLC. The plan administrator is Cleveland-Cliffs, Inc. Investment Cmte.
I left Cleveland-Cliffs Steel. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Cleveland-Cliffs, Inc. Investment Cmte, (513) 425-5000) or the recordkeeper, Fidelity Inv Inst Operations LLC. The Cleveland-Cliffs Steel old 401(k) page lists the contacts from every plan filing. Find an old Cleveland-Cliffs Steel 401(k)
Data from the public Form 5500 annual reports Cleveland-Cliffs Steel filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Cleveland-Cliffs Steel. Not financial advice. Report a correction · Methodology