CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN
Plan Contact
- Address: 1 SOUTH DEARBORN 19TH FLOOR,CHICAGO,IL
- Contact person: CHRISTINE FLEPS
- Phone: (312) 899-3400
Plan General Information
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is $1,009,050,000.00.This plan was established in 1998.
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is 4625
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is $218,172.00
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is $6,933.00.
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is approximately $3,731.00
Investing in this additonal $3,731.00 for 20 years would give you extra $238,785.00, assuming a 10% annual return.
Investing in this additonal $3,731.00 for 20 years would give you extra $238,785.00, assuming a 10% annual return.
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN allocates $17,256,000.00 to match its employees' contributions, providing an employer match rate of 55.97% of their contributions
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is 9.99%.
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is 17.80%. This measures the effectiveness of the plan participants' investments in the year.
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN is 0.00%.
Enrollment Features
CLEVELAND-CLIFFS STEEL LLC SAVINGS AND INVESTMENT PLAN has the following features:Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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