Retirement plan

CLIFFS NATURAL RESOURCES, INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN

Name: CLIFFS NATURAL RESOURCES, INC. ATTN KURT J. HOLLAND - CLIFFS NATURAL RESOURCES, INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN (2016) Form 5500
Creator: CLIFFS NATURAL RESOURCES, INC. ATTN KURT J. HOLLAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIFFS NATURAL RESOURCES, INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN, CLIFFS NATURAL RESOURCES, INC. ATTN KURT J. HOLLAND

CLIFFS NATURAL RESOURCES, INC. ATTN KURT J. HOLLANDEIN 34-1464672Plan #010PY 2016

200 PUBLIC SQUARE, SUITE 3300 - CLEVELAND, OH 441142315216-694-5505clevelandcliffs.comLinkedIn10001+ employeesconsumer goods

Other plans on this EIN

1 filing

#003Retirement-$252.7M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 26, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$167.5M

-6.8% from 2015

Total participants

1,167

-13.2% from 2015

Average account balance

$147,613

+6.1% from 2015

Annual return

6.09%

+4.70 pp from 2015

Benchmarks

See 190 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort190 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$241.30M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$214K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,125

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-1.34%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$68

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
HARTLAND & CO2+ years Service code 27 · EIN 34-1597728	Advisory (Plan)	$20,412
MEADEN & MOORE, LTD.2+ years Service code 10 · EIN 34-1818258	Accounting	$11,800
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INV INST OPERATIONS CO Service code 37 · EIN 04-2647786	Loan Processing	$7,947
JONES DAY1 year Service code 29 · EIN 34-0319085	Legal	$6,139

Plan features & details

Pension benefit codes2E2G2J2K3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$46K

$72 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,613

$66,750+121.1%

$105,754+39.6%

$57,658+156.0%

Participation rate

95.0%

79.2%+15.9pp

78.9%+16.1pp

70.2%+24.8pp

Annual return

6.09%

10.99%-4.9pp

12.25%-6.2pp

5.13%+1.0pp

Employer contribution / active EE

$2,793

$3,766-25.9%

$4,079-31.5%

$1,974+41.5%

Participant deferral / active EE

$8,339

$4,933+69.1%

$5,326+56.6%

$3,061+172.5%

Admin fee / account holder

$41

$88-53.6%

$8,309-99.5%

$95-56.8%

Provider

Service type

Compensation

HARTLAND & CO2+ years

Service code 27 · EIN 34-1597728

Advisory (Plan)

$20,412

MEADEN & MOORE, LTD.2+ years

Service code 10 · EIN 34-1818258

Accounting

$11,800

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INV INST OPERATIONS CO

Service code 37 · EIN 04-2647786

Loan Processing

$7,947

JONES DAY1 year

Service code 29 · EIN 34-0319085

Legal

$6,139

CLIFFS NATURAL RESOURCES, INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIFFS NATURAL RESOURCES, INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion