The Cleveland-Cliffs Steel Corporation Thrift Plan B — Form 5500 plan (Cleveland-Cliffs Steel Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Cleveland-Cliffs Steel Corporation Thrift Plan B is a benefit plan reported by Cleveland-Cliffs Steel Corporation under EIN 31-1267098 and plan number 016. The latest loaded filing year is 2023. The filing reports 56 participants and $4,924,710 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$4.9MPlan net assets, end of year$4,924,710
Participants56Covered participants reported
Assets / participant$87.9KComputed: assets ÷ participants$87,941 (computed)
Provider compensationNone reported
Plan sponsor
Cleveland-Cliffs Steel Corporation
EIN
31-1267098
Plan number
016
Plan type
2
Location
West Chester, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202356I20241008060103NAL0029201264003
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$4.9M total assets
Net assets$4.9MLiabilities
Money in vs. money out
Total income / additions$876.3K
Total expenses$891.9K
Benefits paid / distributions$888.1K
Contributions
Employer$25.7K
Participant$52.4K
Full reported line items

Net assets

Total assets (EOY)
$4,924,710
Net assets (EOY)
$4,924,710
Net assets (BOY)
$4,940,257

Income & contributions

Employer contributions
$25,718
Participant contributions
$52,357
Total income / additions
$876,320

Expenses & distributions

Benefits paid
$888,063
Administrative expenses
$3,804
Total expenses
$891,867
Net increase / (decrease)
-$15,547
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 33%Participant 67%
Total expenses ÷ net assets18%Computed ratio
Benefits paid ÷ total income101%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages