Cleveland-Cliffs Inc.401(k)
CLEVELAND-CLIFFS INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN · CLEVELAND, OH · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Cleveland-Cliffs Inc. reported $86,331 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,412 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.05% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 172nd-largest of 3,295 plans among Ohio employers on file, and the 56th of 612 in mining, oil & gas extraction. In 2023, employees put in $3.30 for every $1.00 the employer contributed; active participation has grown from 709 to 1,355 since 2022.
Cleveland-Cliffs Inc.'s 2023 employer contribution ran below the $3,659 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 341464672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.