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Sponsor portfolioTH

CLEVELAND-CLIFFS STEEL LLC

EIN 71-0871875-Manufacturing-Latest filing 2024
Plans
8
Retirement
5
$4.83B assets
Welfare
3
$50.7M premiums
Participants
90,540
200 PUBLIC SQUARE, SUITE 3300 - CLEVELAND, OH 441142315312-899-3400
Plans on this EIN
8 filings
#009CashBalance-$2.00B - 10,492 part#007401k-$1.67B - 15,095 part#005401k-$1.06B - 4,445 part#010TraditionalDB-$97.1M - 3,823 part#004TraditionalDB-$6.6M - 60 part#516Mewa-$31.8M - 18,158 lives#506Mewa-$9.7M - 12,835 lives#515Mixed-$9.2M - 7,246 lives

Retirement portfolio analytics

5 plans aggregated / $4.83B assets / 33,915 participants

Assets by plan

Share of aggregate retirement assets

41%top
  • STEEL LLC PENSION (#009)41%
  • LLC HOURLY 401(K) (#007)34%
  • AND INVESTMENT PLAN (#005)22%
  • RETIREE PENSION (#010)2%
  • EGL CLEVELAND PENSION (#004)0%
Total $4.83BClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
57%top
  • (Not disclosed)57%
  • THE BANK OF NEW YORK MELLON43%
Total $4.83BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • LLC HOURLY 401(K) (#007)15,095
  • STEEL LLC PENSION (#009)10,492
  • AND INVESTMENT PLAN (#005)4,445
  • RETIREE PENSION (#010)3,823
  • EGL CLEVELAND PENSION (#004)60
Total 33,915Click row to drill in

Benefits portfolio analytics

3 plans / $50.7M premiums / 38,239 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Health$22.2M
  • Dental$22.2M
  • Prescription drug$22.2M
  • Life$18.7M
  • Other$2.1M
  • Long-term disability$836K
Total $50.7M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
60%top
  • ANTHEM LIFE INSURANCE COMPANY60%
  • PRUDENTIAL INSURANCE COMPANY OF AMERICA35%
  • METROPOLITAN LIFE INSURANCE COMPANY5%
Total $50.7M3 slices

Broker market share

Schedule A broker compensation

Split broker
75%top
  • MARSH & MCLENNAN AGENCY LLC75%
  • STRATEGIC EMPLOYEE BENEFIT SERVICES24%
  • IMG0%
Total $501K3 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#009

CLEVELAND-CLIFFS STEEL LLC PENSION PLAN

CashBalance

Assets$2.00B
Participants10,492
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#007

CLEVELAND-CLIFFS STEEL LLC HOURLY 401(K) PLAN

401k

Assets$1.67B
Participants15,095
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#005

CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN

401k

Assets$1.06B
Participants4,445
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#010

RETIREE PENSION PLAN

TraditionalDB

Assets$97.1M
Participants3,823
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004

ARCELORMITTAL USA LLC EGL CLEVELAND PENSION PLAN

TraditionalDB

Assets$6.6M
Participants60
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#516

CLEVELAND-CLIFFS STEEL LLC RETIREE WELFARE BENEFITS PLAN

Mewa - ANTHEM BLUE CROSS BLUE SHIELD

Premiums$31.8M
Covered lives18,158
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#506

CLEVELAND-CLIFFS STEEL LLC WELFARE BENEFITS PLAN

Mewa - THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

Premiums$9.7M
Covered lives12,835
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#515

CLEVELAND-CLIFFS STEEL LLC VEBA RETIREE BENEFITS PLAN

Mixed - ANTHEM BLUE CROSS BLUE SHIELD

Premiums$9.2M
Covered lives7,246
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans5

Plan #NameTypeAssetsParticipantsLatest year
009CLEVELAND-CLIFFS STEEL LLC PENSION PLANCashBalance$2.00B10,4922024
007CLEVELAND-CLIFFS STEEL LLC HOURLY 401(K) PLAN401k$1.67B15,0952024
005CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN401k$1.06B4,4452024
010RETIREE PENSION PLANTraditionalDB$97.1M3,8232024
004ARCELORMITTAL USA LLC EGL CLEVELAND PENSION PLANTraditionalDB$6.6M602024

Welfare plans3

Plan #NameFundingCarrierPremiumsCoveredLatest year
516CLEVELAND-CLIFFS STEEL LLC RETIREE WELFARE BENEFITS PLANMewaANTHEM BLUE CROSS BLUE SHIELD$31.8M18,1582024
506CLEVELAND-CLIFFS STEEL LLC WELFARE BENEFITS PLANMewaTHE PRUDENTIAL INSURANCE COMPANY OF AMERICA$9.7M12,8352024
515CLEVELAND-CLIFFS STEEL LLC VEBA RETIREE BENEFITS PLANMixedANTHEM BLUE CROSS BLUE SHIELD$9.2M7,2462024
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