401k Plan data: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN plan

CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 401k Plan overview

Plan Name	CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN
Plan identification number	001

CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Benefits are primarily flat dollar (includes dollars per year of service) Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year. Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC has sponsored the creation of one or more 401k plans.

Company Name: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC

Employer identification number (EIN): 834490897

NAIC Classification: 331110
NAIC Description: Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 CHRISTINE FLEPS 2020-10-15
001 2019-01-01 KURT J. HOLLAND 2021-10-19 KURT J. HOLLAND 2021-10-19
001 2019-01-01 KURT J. HOLLAND 2021-10-12 KURT J. HOLLAND 2021-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01			CHRISTINE FLEPS	2020-10-15
001	2019-01-01	KURT J. HOLLAND	2021-10-19	KURT J. HOLLAND	2021-10-19
001	2019-01-01	KURT J. HOLLAND	2021-10-12	KURT J. HOLLAND	2021-10-12

Plan Statistics for CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN

401k plan membership statisitcs for CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN

Measure Date Value
2022: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 281,783,920
Acturial value of plan assets 2022-12-31 281,783,920
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 176,393,024
Number of terminated vested participants 2022-12-31 142
Fundng target for terminated vested participants 2022-12-31 6,983,978
Active participant vested funding target 2022-12-31 52,846,291
Number of active participants 2022-12-31 712
Total funding liabilities for active participants 2022-12-31 64,546,900
Total participant count 2022-12-31 1,759
Total funding target for all participants 2022-12-31 247,923,902
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 7,616,321
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 7,616,321
Present value of excess contributions 2022-12-31 1,294,707
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 1,367,340
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 8,684,129
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 5,720,136
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 1,720
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 687
Number of retired or separated participants receiving benefits 2022-01-01 705
Number of other retired or separated participants entitled to future benefits 2022-01-01 137
Total of all active and inactive participants 2022-01-01 1,529
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 173
Total participants 2022-01-01 1,702
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 263,653,096
Acturial value of plan assets 2021-12-31 263,653,096
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 175,069,346
Number of terminated vested participants 2021-12-31 129
Fundng target for terminated vested participants 2021-12-31 5,950,800
Active participant vested funding target 2021-12-31 52,694,354
Number of active participants 2021-12-31 678
Total funding liabilities for active participants 2021-12-31 64,087,726
Total participant count 2021-12-31 1,679
Total funding target for all participants 2021-12-31 245,107,872
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 3,302,010
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 3,302,010
Present value of excess contributions 2021-12-31 3,610,136
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 3,817,358
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 3,817,358
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 7,616,321
Total employer contributions 2021-12-31 1,315,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 1,294,707
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 6,135,631
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 1,294,707
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 1,719
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 712
Number of retired or separated participants receiving benefits 2021-01-01 706
Number of other retired or separated participants entitled to future benefits 2021-01-01 139
Total of all active and inactive participants 2021-01-01 1,557
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 163
Total participants 2021-01-01 1,720
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 235,724,071
Acturial value of plan assets 2020-12-31 235,724,071
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 169,195,624
Number of terminated vested participants 2020-12-31 109
Fundng target for terminated vested participants 2020-12-31 5,293,859
Active participant vested funding target 2020-12-31 55,386,851
Number of active participants 2020-12-31 736
Total funding liabilities for active participants 2020-12-31 66,310,264
Total participant count 2020-12-31 1,708
Total funding target for all participants 2020-12-31 240,799,747
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 3,129,274
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 3,302,010
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 3,302,010
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 3,302,010
Total employer contributions 2020-12-31 11,646,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 10,977,762
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 6,459,603
Net shortfall amortization installment of oustanding balance 2020-12-31 8,377,686
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 7,367,626
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 7,367,626
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 10,977,762
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 1,708
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 678
Number of retired or separated participants receiving benefits 2020-01-01 915
Number of other retired or separated participants entitled to future benefits 2020-01-01 126
Total of all active and inactive participants 2020-01-01 1,719
Total participants 2020-01-01 1,719
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 209,221,956
Acturial value of plan assets 2019-12-31 218,743,442
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 168,814,808
Number of terminated vested participants 2019-12-31 107
Fundng target for terminated vested participants 2019-12-31 4,457,655
Active participant vested funding target 2019-12-31 58,672,056
Number of active participants 2019-12-31 723
Total funding liabilities for active participants 2019-12-31 71,089,148
Total participant count 2019-12-31 1,719
Total funding target for all participants 2019-12-31 244,361,611
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 13,437,752
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 12,806,787
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 6,939,728
Net shortfall amortization installment of oustanding balance 2019-12-31 25,618,169
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 9,677,513
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 9,677,513
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 12,806,787
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-01-01 1,911
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 736
Number of retired or separated participants receiving benefits 2019-01-01 716
Number of other retired or separated participants entitled to future benefits 2019-01-01 106
Total of all active and inactive participants 2019-01-01 1,558
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 150
Total participants 2019-01-01 1,708
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 2

Measure	Date	Value
2022: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	281,783,920
Acturial value of plan assets	2022-12-31	281,783,920
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	176,393,024
Number of terminated vested participants	2022-12-31	142
Fundng target for terminated vested participants	2022-12-31	6,983,978
Active participant vested funding target	2022-12-31	52,846,291
Number of active participants	2022-12-31	712
Total funding liabilities for active participants	2022-12-31	64,546,900
Total participant count	2022-12-31	1,759
Total funding target for all participants	2022-12-31	247,923,902
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	7,616,321
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	7,616,321
Present value of excess contributions	2022-12-31	1,294,707
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	1,367,340
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	8,684,129
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	5,720,136
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	1,720
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	687
Number of retired or separated participants receiving benefits	2022-01-01	705
Number of other retired or separated participants entitled to future benefits	2022-01-01	137
Total of all active and inactive participants	2022-01-01	1,529
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	173
Total participants	2022-01-01	1,702
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	263,653,096
Acturial value of plan assets	2021-12-31	263,653,096
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	175,069,346
Number of terminated vested participants	2021-12-31	129
Fundng target for terminated vested participants	2021-12-31	5,950,800
Active participant vested funding target	2021-12-31	52,694,354
Number of active participants	2021-12-31	678
Total funding liabilities for active participants	2021-12-31	64,087,726
Total participant count	2021-12-31	1,679
Total funding target for all participants	2021-12-31	245,107,872
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	3,302,010
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	3,302,010
Present value of excess contributions	2021-12-31	3,610,136
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	3,817,358
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	3,817,358
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	7,616,321
Total employer contributions	2021-12-31	1,315,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	1,294,707
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	6,135,631
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	1,294,707
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	1,719
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	712
Number of retired or separated participants receiving benefits	2021-01-01	706
Number of other retired or separated participants entitled to future benefits	2021-01-01	139
Total of all active and inactive participants	2021-01-01	1,557
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	163
Total participants	2021-01-01	1,720
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	235,724,071
Acturial value of plan assets	2020-12-31	235,724,071
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	169,195,624
Number of terminated vested participants	2020-12-31	109
Fundng target for terminated vested participants	2020-12-31	5,293,859
Active participant vested funding target	2020-12-31	55,386,851
Number of active participants	2020-12-31	736
Total funding liabilities for active participants	2020-12-31	66,310,264
Total participant count	2020-12-31	1,708
Total funding target for all participants	2020-12-31	240,799,747
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	3,129,274
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	3,302,010
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	3,302,010
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	3,302,010
Total employer contributions	2020-12-31	11,646,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	10,977,762
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	6,459,603
Net shortfall amortization installment of oustanding balance	2020-12-31	8,377,686
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	7,367,626
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	7,367,626
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	10,977,762
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	1,708
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	678
Number of retired or separated participants receiving benefits	2020-01-01	915
Number of other retired or separated participants entitled to future benefits	2020-01-01	126
Total of all active and inactive participants	2020-01-01	1,719
Total participants	2020-01-01	1,719
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	209,221,956
Acturial value of plan assets	2019-12-31	218,743,442
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	168,814,808
Number of terminated vested participants	2019-12-31	107
Fundng target for terminated vested participants	2019-12-31	4,457,655
Active participant vested funding target	2019-12-31	58,672,056
Number of active participants	2019-12-31	723
Total funding liabilities for active participants	2019-12-31	71,089,148
Total participant count	2019-12-31	1,719
Total funding target for all participants	2019-12-31	244,361,611
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	13,437,752
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	12,806,787
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	6,939,728
Net shortfall amortization installment of oustanding balance	2019-12-31	25,618,169
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	9,677,513
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	9,677,513
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	12,806,787
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-01-01	1,911
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	736
Number of retired or separated participants receiving benefits	2019-01-01	716
Number of other retired or separated participants entitled to future benefits	2019-01-01	106
Total of all active and inactive participants	2019-01-01	1,558
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	150
Total participants	2019-01-01	1,708
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	2

Financial Data on CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN

Measure	Date	Value
2022 : CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$36,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$102,000
Total income from all sources (including contributions)	2022-12-31	$-47,512,000
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$17,924,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$16,425,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$0
Value of total assets at end of year	2022-12-31	$216,148,000
Value of total assets at beginning of year	2022-12-31	$281,650,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,499,000
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$100,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$36,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$102,000
Administrative expenses (other) incurred	2022-12-31	$1,499,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-65,436,000
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$216,112,000
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$281,548,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in master investment trust accounts at end of year	2022-12-31	$216,148,000
Value of interest in master investment trust accounts at beginning of year	2022-12-31	$281,650,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$16,425,000
Did the plan have assets held for investment	2022-12-31	No
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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	GRATNT THORNTON
Accountancy firm EIN	2022-12-31	366055558
2021 : CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$102,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$30,000
Total income from all sources (including contributions)	2021-12-31	$36,991,000
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$18,971,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$17,473,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,479,000
Value of total assets at end of year	2021-12-31	$281,650,000
Value of total assets at beginning of year	2021-12-31	$263,558,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$1,498,000
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$102,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$30,000
Administrative expenses (other) incurred	2021-12-31	$1,498,000
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	$18,020,000
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$281,548,000
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$263,528,000
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 master investment trust accounts at end of year	2021-12-31	$281,650,000
Value of interest in master investment trust accounts at beginning of year	2021-12-31	$249,627,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
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	$1,479,000
Employer contributions (assets) at beginning of year	2021-12-31	$13,931,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$17,473,000
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
Accountancy firm EIN	2021-12-31	366055558
2020 : CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$1,352,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$30,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$158,000
Total income from all sources (including contributions)	2020-12-31	$44,162,000
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$17,843,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$16,300,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$11,646,000
Value of total assets at end of year	2020-12-31	$263,558,000
Value of total assets at beginning of year	2020-12-31	$236,015,000
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$1,543,000
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$75,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$33,078,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$30,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$158,000
Administrative expenses (other) incurred	2020-12-31	$1,543,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$26,319,000
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$263,528,000
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$235,857,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in master investment trust accounts at end of year	2020-12-31	$249,627,000
Value of interest in master investment trust accounts at beginning of year	2020-12-31	$197,741,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$11,646,000
Employer contributions (assets) at end of year	2020-12-31	$13,931,000
Employer contributions (assets) at beginning of year	2020-12-31	$5,196,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$16,300,000
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Qualified
Accountancy firm name	2020-12-31	GRANT THORNTON LLP
Accountancy firm EIN	2020-12-31	366055558
2019 : CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2019 401k financial data
Total transfer of assets from this plan	2019-12-31	$17,006,427
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$158,793
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$25,456
Total income from all sources (including contributions)	2019-12-31	$29,139,380
Total of all expenses incurred	2019-12-31	$19,692,837
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$16,984,580
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$11,819,752
Value of total assets at end of year	2019-12-31	$234,397,838
Value of total assets at beginning of year	2019-12-31	$224,817,958
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$2,708,257
Total interest from all sources	2019-12-31	$157,476
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$674,950
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$674,950
Administrative expenses professional fees incurred	2019-12-31	$298,124
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$100,000,000
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$33,078,338
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$25,456
Other income not declared elsewhere	2019-12-31	$8,904,606
Administrative expenses (other) incurred	2019-12-31	$1,324,507
Liabilities. Value of operating payables at end of year	2019-12-31	$158,793
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$9,446,543
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$234,239,045
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$224,792,502
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$1,085,548
Value of interest in master investment trust accounts at end of year	2019-12-31	$197,741,312
Value of interest in master investment trust accounts at beginning of year	2019-12-31	$220,749,762
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$157,476
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$-24,864,846
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$11,819,752
Employer contributions (assets) at end of year	2019-12-31	$3,578,188
Employer contributions (assets) at beginning of year	2019-12-31	$4,068,196
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$16,984,580
Contract administrator fees	2019-12-31	$78
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	MEADEN & MOORE, LTD.
Accountancy firm EIN	2019-12-31	341818258

Form 5500 Responses for CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN

2022: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC PENSION PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	Plan is a collectively bargained plan	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CLEVELAND-CLIFFS HIBBING MANAGEMENT LLC
Employer identification number (EIN):	834490897
NAIC Classification:	331110
NAIC Description:	Iron and Steel Mills and Ferroalloy Manufacturing