Department of Labor filing

CLEVELAND-CLIFFS INC. ATTN KURT J. HOLLAND

CLEVELAND-CLIFFS INC. & ITS ASSOCIATED EMPLOYERS SALARIED EMPLOYEES SAVINGS PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Oct 13, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

55filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,872

Reported employer contributions per active participant.

Higher than about 49% of comparable plans

#People in the filing

774

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$65 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 69% of comparable plans

↗Investment performance

Not available

Plan assets changed -5.5%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202455out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions49th percentileTypical peer $3,928 · based on 55 comparable plans

Lower reported administrative expense69th percentileTypical peer $96 · based on 54 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, CLEVELAND-CLIFFS INC. ATTN KURT J. HOLLAND reported $2,996,768 in employer contributions across the plan and 774 active participants. That works out to $3,872 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy66%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 8.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 27.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context55/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,996,768
Participant contributions: $8,486,950
Other contributions: $1,038,475
Employer share of reported contributions: 26.1%
Beginning assets: $255,213,735
Ending assets: $241,301,834
Ending net assets: $241,301,834
Ending liabilities: Not reported
Total income: $47,937,681
Total expenses: $22,072,679
Administrative expenses: $76,417
Participant loans: $2,273,522

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,576

2023

$2,412

2024

$3,872

Plan-paid administrative expenses per participant

2022

$90

2023

$78

2024

$65

Active participants

2022

709

2023

1,355

2024

774

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,872	774	241.3M	20251013172541NAL0000858755002
2023	$2,412	1,355	255.2M	20251001144015NAL0017946131001
2022	$3,576	709	182.2M	20230816133834NAL0002512272004

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.9%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 341464672-010

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1968
Industry: Mining, quarrying, and oil and gas
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2G2J2K3H

Current plan terms

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Filing ACK_ID20251013172541NAL0000858755002

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗