THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A
Plan Contact
- Address: 9227 CENTRE POINTE DRIVE,WEST CHESTER,OH
- Phone: (513) 425-5000
Plan General Information
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is $732,243,018.00.This plan was established in 1990.
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is 4101
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is $178,552.00
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is $10,987.00.
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is approximately $4,876.00
Investing in this additonal $4,876.00 for 20 years would give you extra $312,120.00, assuming a 10% annual return.
Investing in this additonal $4,876.00 for 20 years would give you extra $312,120.00, assuming a 10% annual return.
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Total Employer Contribution and Match Rate
In 2023, THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A allocates $20,000,119.00 to match its employees' contributions, providing an employer match rate of 88.77% of their contributions
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is 12.34%.
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is 17.09%. This measures the effectiveness of the plan participants' investments in the year.
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A Expense Ratio
In 2023, the investment and administrative expense ratio of THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A is 0.03%.
Enrollment Features
THE CLEVELAND-CLIFFS STEEL CORPORATION THRIFT PLAN A has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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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