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Original filing (PDF)20251015102947NAL0002146595002
CLEVELAND-CLIFFS STEEL CORPORATION
Form 5500
FILING_RECEIVED
CLEVELAND-CLIFFS COMBINED PENSION PLAN
Defined-benefit pension plan
Signals · 3
81% in single holdingNo recordkeeper disclosed7 service providers
Active participants
2,623
Accounts w/ balance
—
Plan assets (EOY)
$1.5B
Net assets (EOY)
$1.5B
How this plan invests
This plan
2 pooled trusts
Schedule D
3 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
55
Participation health
100
Knocking points off
- Top holding "Cleveland-Cliffs Steel Corporation * U.S. Bank, N.A. Master Pension Trust" is 81% of plan.
- 32 bps in Schedule C fees — 531% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
- Plan is frozen (1I) — no new benefit accrual.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CLEVELAND-CLIFFS STEEL CORPORATION.
Plan sponsor
Name
CLEVELAND-CLIFFS STEEL CORPORATION
EIN
31-1267098
Address
9227 CENTRE POINTE DRIVE · WEST CHESTER, OH · 45069
Phone
(513) 425-5000
Industry
Manufacturingsee all
Plan administrator
Name
CLEVELAND-CLIFFS INC. INVESTMENT COMMITTEE
EIN
31-1267098
City
WEST CHESTER, OH
Phone
(513) 425-5000
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1A · Pay-related DB formula
1B · Flat-dollar DB formula
1C · Cash balance or similar hybrid DB
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
MEADEN & MOORE, LTD.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsOther
7| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT CORP | 04-2452803 | — | NONE | $2.0M | — |
| JP MORGAN CHASE BANK | 13-6038770 | — | NONE | $1.7M | — |
| WILLIS TOWERS WATSON US LLC | 53-0181291 | — | NONE | $620K | — |
| BNY MELLON | 13-5160382 | — | NONE | $98K | — |
| US BANK | — | CINCINNATI, OH | NONE | $96K | — |
| ALIGHT SOLUTIONS LLC | — | LINCOLNSHIRE, IL | NONE | $73K | — |
| MEADEN & MOORE LTD. | 34-1818258 | — | NONE | $36K | — |
Investments
1 direct security · 2 pooled funds· $1.5B(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Master Trust
$1.5B
2 holdings
Uncategorized
$503K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| C-CS CORPORATION MASTER PENSION TR CLEVELAND-CLIFFS STEEL CORPORATION · EIN 31-1267098 / PN 009 | Master Trust | — | $1.2B | $1.2B | 80.9% | |
| CLEVELAND-CLIFFS & ITS ASSOC COS MT CLEVELAND-CLIFFS INC. · EIN 34-1935032 / PN 001 | Master Trust | — | $253.7M | $280.4M | 19.1% | |
| Principal Life Insurance Unallocated contract - Guaranteed * Company investment contract | — | — | $520K | $503K | <0.1% |