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Original filing (PDF)20251015161653NAL0005396049002
CLEVELAND-CLIFFS STEEL LLC
Form 5500
FILING_RECEIVED
CLEVELAND-CLIFFS STEEL LLC PENSION PLAN
Defined-benefit pension plan
Signals · 3
100% in single holdingNo recordkeeper disclosed8 service providers
Active participants
738
Accounts w/ balance
—
Plan assets (EOY)
$2.0B
Net assets (EOY)
$2.0B
How this plan invests
This plan
1 pooled trust
Schedule D
1 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
80
Participation health
100
Knocking points off
- Top holding "The Bank of New York Cleveland-Cliffs Steel LLC Pension * Mellon Trust" is 100% of plan.
- 30 bps in Schedule C fees — 492% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CLEVELAND-CLIFFS STEEL LLC.
Plan sponsor
Name
CLEVELAND-CLIFFS STEEL LLC
EIN
71-0871875
Address
1 SOUTH DEARBORN, 19TH FLOOR · CHICAGO, IL · 60603
Phone
(312) 899-3400
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
009
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1B · Flat-dollar DB formula
1C · Cash balance or similar hybrid DB
3F · Sponsor used leased employees
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
MEADEN & MOORE, LTD.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsAccountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GRANT THORNTON | 36-6055558 | — | AUDITOR | $33K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VEDDER PRICE PC | 36-3254526 | — | LEGAL | $62K | — |
Other
6| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BNY MELLON | 13-5160382 | — | NONE | $3.6M | — |
| WILLIS TOWERS WATSON | 53-0181291 | — | NONE | $1.8M | — |
| AON | 22-2232264 | — | NONE | $191K | — |
| ARES PATHFINDER | 84-3564706 | — | NONE | $119K | — |
| PIMCO TACTICAL OPPORTUNITY OFFSHORE | — | NEWPORT BEACH, CA | NONE | $72K | — |
| OCM OPPORTUNITIES FUND IX LP | — | LOS ANGELES, CA | NONE | $39K | — |
Investments
1 pooled fund· $2.0B(99% 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.
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| CLEVELAND-CLIFFS STEEL LLC PEN TRST CLEVELAND-CLIFFS STEEL LLC · EIN 71-0871875 / PN 201 | Master Trust | — | $1.8B | $2.0B | 99.3% |