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 Op Co, 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 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Cleveland-Cliffs Steel: employer contribution per participant | $629 | |
| Peer median | $3,733 |
| Cleveland-Cliffs Steel: average balance | $120,470 | |
| Peer median | $157,962 |
| Cleveland-Cliffs Steel: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.05% |
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 $1.6B at the end of plan year 2021 to $1.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 15,095 | $1.7B | $8.7M | $629 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 15,316 | $1.5B | $8.5M | $602 | 0.00% | Not published | Form 5500 ↗ |
| 2022 | 15,488 | $1.3B | $6.2M | $441 | 0.00% | Not published | Form 5500 ↗ |
| 2021 | 14,598 | $1.6B | $4.8M | $367 | 0.00% | Not published | Form 5500 ↗ |
Other Cleveland-Cliffs Steel plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cleveland-Cliffs Steel LLC Savings and Investment 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 | Fidelity Inv Inst Op Co, LLC | Schedule C ↗ |
| Independent auditor | Meaden & Moore, Ltd. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Cleveland-Cliffs Steel LLC 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) · Active | Form 5500 ↗ |
Arcelormittal USA LLC Egl Cleveland 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.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Retiree 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 Cleveland-Cliffs Steel LLC Hourly 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $8.7M in employer contributions, about $629 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 Cleveland-Cliffs Steel LLC Hourly 401(k) Plan 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 Op Co, LLC. The plan administrator is Cleveland-Cliffs Steel LLC.
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 Steel LLC, (312) 899-3081) or the recordkeeper, Fidelity Inv Inst Op Co, 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 2021 and 2022 and 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