Cleveland-Cliffs Steel LLC Veba Retiree Benefits Plan — Form 5500 plan (Cleveland-Cliffs Steel LLC)
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, Cleveland-Cliffs Steel LLC Veba Retiree Benefits Plan is a benefit plan reported by Cleveland-Cliffs Steel LLC under EIN 71-0871875 and plan number 515. The latest loaded filing year is 2023. The filing reports 32,879 participants and $460,973,000 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cleveland-Cliffs Steel LLC
- EIN
- 71-0871875
- Plan number
- 515
- Plan type
- 2
- Location
- Chicago, IL
- Latest filing year
- 2023
- Participants
- 32,879
- End-of-year plan assets
- $460,973,000
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 32,879 | H, C | 20241010165508NAL0034809568001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $460,973,000
- Total liabilities (EOY)
- $3,549,000
- Net assets (EOY)
- $457,424,000
- Net assets (BOY)
- $449,662,000
Income & contributions
- Participant contributions
- $8,371,000
- Total contributions
- $8,371,000
- Total income / additions
- $58,486,000
Expenses & distributions
- Benefits paid
- $48,905,000
- Administrative expenses
- $1,819,000
- Total expenses
- $50,724,000
- Net increase / (decrease)
- $7,762,000
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Solidarity Health Network | CONTRACT ADMINISTRATOR | $1,291,000 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson | INVESTMENT MANAGER | $89,000 | not reported in the loaded dataset | 2023 |
| Jp Morgan | INVESTMENT MANAGER | $87,000 | not reported in the loaded dataset | 2023 |
| Pnc Institutional Investment | INVESTMENT MANAGER | $85,000 | not reported in the loaded dataset | 2023 |
| Grant Thornton Llp | AUDITOR | $32,600 | not reported in the loaded dataset | 2023 |
| The Bank Of New York Mellon | TRUSTEE & CUSTODIAN | $27,700 | not reported in the loaded dataset | 2023 |
| Northern Trust | INVESTMENT MANAGER | $5,400 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Cleveland-Cliffs Steel LLC
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Chicago, IL
- Solidarity Health Network — Schedule C compensation
- Willis Towers Watson — Schedule C compensation
- Jp Morgan — Schedule C compensation
- Pnc Institutional Investment — Schedule C compensation
- Grant Thornton Llp — Schedule C compensation
- The Bank Of New York Mellon — Schedule C compensation
- Northern Trust — Schedule C compensation