Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Cleveland-Cliffs Steel › plan 007
Cleveland-cliffs Steel LLC Hourly 401(k) Plan
- Sponsor Cleveland-Cliffs Steel
- Plan number 007
- Plan year 2024
- >$1B in assets
- single-employer
Administrative expenses excluding investment management, per participant · Cleveland-cliffs Steel LLC Hourly 401(k) Plan · plan year 2024
$2.19
Higher than 2% of the 1,045 plans over $1B that report it.
Source
= $30,322 / 13,833
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013172542NAL0001667137004, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013172542NAL0001667137004, received 2025-10-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Cost and contributions
Administrative expenses per participant
$7.09
Higher than 3% of the 1,076 plans over $1B that report it.
Source
= $98,033 / 13,833
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013172542NAL0001667137004, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013172542NAL0001667137004, received 2025-10-13
Administrative expenses as a share of assets
0.006%
Higher than 5% of the 1,076 plans over $1B that report it.
Source
= $98,033 / $1,666,468,275
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013172542NAL0001667137004, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013172542NAL0001667137004, received 2025-10-13
Employer contributions per participant
$629
Higher than 2% of the 1,135 plans over $1B that report it.
Source
= $8,706,090 / 13,833
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013172542NAL0001667137004, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013172542NAL0001667137004, received 2025-10-13
Employer share of total contributions
7.7%
Higher than 2% of the 1,135 plans over $1B that report it.
Source
= $8,706,090 / $113,062,008
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013172542NAL0001667137004, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013172542NAL0001667137004, received 2025-10-13
96.2% of this plan's assets are held in a master trust. The trust's own filing was not found in the data, so its costs cannot be shown. Benchmarks and percentiles use the plan's own Schedule H only.
Plan features
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2R participant brokerage window · 2S pre-approved plan document · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013172542NAL0001667137004, received 2025-10-13
Full record, Cleveland-cliffs Steel LLC Hourly 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CLEVELAND-CLIFFS STEEL LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Plan name | CLEVELAND-CLIFFS STEEL LLC HOURLY 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Sponsor EIN / plan number | 71-0871875 / 007 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Sponsor location | CLEVELAND, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Industry (business code) | 331110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Participants, beginning of year | 15,316 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Active participants | 12,799 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Participants, end of year | 15,095 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Participants with an account balance | 13,833 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total assets, beginning of year | $1,505,443,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total assets, end of year | $1,666,468,275 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Net assets, end of year | $1,666,468,275 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total income | $313,595,659 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Net income | $161,306,303 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Employer contributions | $8,706,090 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Participant contributions | $101,090,042 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Other contributions (incl. rollovers) | $3,265,876 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total contributions | $113,062,008 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Benefit payments | $151,892,574 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $152,289,356 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Total administrative expenses | $98,033 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| IQPA audit fees | $29,400 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Investment advisory and management fees | $67,711 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Administrative expenses excluding investment management | $30,322 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Held in master trusts | $1,602,651,085 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251013172542NAL0001667137004, received 2025-10-13 |
| Independent auditor | MEADEN & MOORE, LTD. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013172542NAL0001667137004, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013172542NAL0001667137004, received 2025-10-13.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $64,800 | no |
| GRANT THORNTON LLP | AUDITOR | 10 Accounting (including auditing) | $29,400 | no |
| FIDELITY INV INST OP CO, LLCrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $-344,452 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013172542NAL0001667137004, received 2025-10-13.
Master trust
CLEVELAND-CLIFFS INC. DC PLAN MT (EIN 341935031, PN 001): plan interest $1,602,651,085, 34.4% of the trust. The trust's own filing (20251013172543NAL0001667249005, received 2025-10-13) reports net assets $4,659,686,901, administrative expenses not reported, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,505,443,000 | $1,666,468,275 | 10.7% |
| Participants with a balance | 14,136 | 13,833 | -2.1% |
| Administrative expenses | $0 | $98,033 | |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $8,514,000 | $8,706,090 | 2.3% |
Prior filing 20240923161459NAL0015754288001, received 2024-09-23; the plan years are contiguous.