CLEVELAND-CLIFFS STEEL LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CLEVELAND-CLIFFS STEEL LLC VEBA RETIREE BENEFITS PLAN
401k plan membership statisitcs for CLEVELAND-CLIFFS STEEL LLC VEBA RETIREE BENEFITS PLAN
| Measure | Date | Value |
|---|
| 2021 : CLEVELAND-CLIFFS STEEL LLC VEBA RETIREE BENEFITS PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $17,226,000 |
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $17,226,000 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $11,568,000 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $7,020,000 |
| Total income from all sources (including contributions) | 2021-12-31 | $128,112,000 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $67,725,000 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $65,771,000 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $103,768,000 |
| Value of total assets at end of year | 2021-12-31 | $497,103,000 |
| Value of total assets at beginning of year | 2021-12-31 | $432,168,000 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $1,954,000 |
| Total interest from all sources | 2021-12-31 | $4,526,000 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $2,592,000 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $10,122,000 |
| Participant contributions at end of year | 2021-12-31 | $430,000 |
| Participant contributions at beginning of year | 2021-12-31 | $399,000 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2021-12-31 | $22,700,000 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $4,476,000 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $1,572,000 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $7,706,000 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $4,444,000 |
| Administrative expenses (other) incurred | 2021-12-31 | $1,954,000 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $3,862,000 |
| Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $2,576,000 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $60,387,000 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $485,535,000 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $425,148,000 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $27,060,000 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $6,371,000 |
| Interest earned on other investments | 2021-12-31 | $4,526,000 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $199,954,000 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $193,317,000 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $2,166,000 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $2,166,000 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $19,222,000 |
| Asset value of US Government securities at end of year | 2021-12-31 | $109,055,000 |
| Asset value of US Government securities at beginning of year | 2021-12-31 | $102,717,000 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $93,646,000 |
| Employer contributions (assets) at end of year | 2021-12-31 | $27,138,000 |
| Income. Dividends from common stock | 2021-12-31 | $2,592,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $23,849,000 |
| Asset. Corporate debt instrument preferred debt at end of year | 2021-12-31 | $61,444,000 |
| Asset. Corporate debt instrument preferred debt at beginning of year | 2021-12-31 | $64,661,000 |
| Asset. Corporate debt instrument debt (other) at end of year | 2021-12-31 | $67,440,000 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2021-12-31 | $60,840,000 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | No |
| Assets. Value of buildings and other operty used in plan operation at end of year | 2021-12-31 | $106,000 |
| Assets. Value of buildings and other operty used in plan operation at beginning of year | 2021-12-31 | $125,000 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | GRANT THORNTON LLP |
| Accountancy firm EIN | 2021-12-31 | 366055558 |
