DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Cleveland-Cliffs Steel LLC Pension Plan

Corporate pensionChicago, IL
Assets
$2.0B
Total assets, Dec 31, 2024 reported
Funded
90.4%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
4 managers on Schedule C
Plan sponsor: Cleveland-Cliffs Steel LLC
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Master trust investment accounts 99.3%
Consultants and advisers
5 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
31 readings
Total assets
$2.0B Dec 31, 2024 reported Form 5500
$2.1B (2023-12) · $2.1B (2022-12)
Plan assets
$2.1B Jan 1, 2024 reported Form 5500
$2.1B (2023-01) · $2.5B (2022-01)
Net assets
$2.0B Dec 31, 2024 reported Form 5500
$2.1B (2023-12) · $2.1B (2022-12)
Funded ratio
90.4% Jan 1, 2024 reported Form 5500
85.5% (2023-01) · 115.1% (2022-01)
Funding target
$2.3B Jan 1, 2024 reported Form 5500
$2.4B (2023-01) · $2.2B (2022-01)
Discount rate
5.01% Jan 1, 2024 reported Form 5500
5.13% (2023-01) · 5.28% (2022-01)
Participants
10,720 Jan 1, 2024 reported Form 5500
10,949 (2023-01) · 10,592 (2022-01)
Contributions
$42.3M Dec 31, 2024 reported Form 5500
$35.1M (2023-12) · $0 (2022-12)
Benefits paid
$225M Dec 31, 2024 reported Form 5500
$223M (2023-12) · $213M (2022-12)
Net investment income
$-82.0M Dec 31, 2024 reported Form 5500
$18.0M (2023-12) · $-609M (2022-12)
Investment management fees
$221,385 Dec 31, 2024 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202410,720$2.1B$2.3B90.4%$2.0Bn/a$2.0Bn/a
2023 to Dec 31, 202310,949$2.1B$2.4B85.5%$2.1Bn/a$2.0Bn/a
2022 to Dec 31, 202210,592$2.5B$2.2B115.1%$2.1Bn/a$2.1Bn/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • BNY Mellon codes 15 28 72 $3.6M PY2024
  • Willis Towers Watson codes 11 $1.8M PY2024
  • Aon codes 13 $191,295 PY2024
  • Ares Pathfinder codes 28 $118,845 PY2024
  • Pimco Tactical Opportunity Offshore codes 28 $72,079 PY2024
  • Vedder Price PC codes 29 $61,848 PY2024
  • OCM Opportunities Fund Ix LP codes 28 $38,637 PY2024
  • Grant Thornton codes 10 $32,550 PY2024
  • Cleveland-Cliffs Steel LLC Pen Trst Sched. D M $2.0B PY2024
  • Willis Tower Watson US LLC codes 11 PY2024
  • Aon codes 65 $680,000 PY2023
  • The Bank of New York Mellon codes 18 19 21 $158,052 PY2023
  • Grant Thornton codes 10 $28,000 PY2023
  • Designation codes 65 $15,799 PY2023
  • Alight/tempo Holding Company codes 29 $11,200 PY2023
  • Transactis codes 65 $3,900 PY2023
  • Qdro Consultants codes 65 $900 PY2023
  • Cleveland-Cliffs Steel Pens Trust Sched. D M $2.0B PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Aon codes 11 65 $677,026 PY2022
  • Mercer codes 16 $200,925 PY2022
  • Grant Thornton codes 10 $28,140 PY2022
  • Alight/tempo Holding Company codes 29 $14,300 PY2022
  • Designation codes 65 $12,468 PY2022
  • Vedder Price codes 29 $10,887 PY2022
  • Transactis codes 65 $5,400 PY2022
  • Qdro Consultants codes 65 $1,800 PY2022
  • Cleveland-Cliffs Steel Pens Trust Sched. D M $2.1B PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
8 events
  • Dec 31, 2024Manager relationship started
    Ares Pathfinder appears on Cleveland-Cliffs Steel LLC Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Ares Pathfinderaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    OCM Opportunities Fund Ix LP appears on Cleveland-Cliffs Steel LLC Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with OCM Opportunities Fund Ix LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    BNY Mellon appears on Cleveland-Cliffs Steel LLC Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Bank of New York Mellonaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Pimco Tactical Opportunity Offshore appears on Cleveland-Cliffs Steel LLC Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Pimco Tactical Opportunity Offshoreaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Cleveland-Cliffs Steel LLC Pension Plan funded ratio 85.5% -> 90.4% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Mercer no longer appears on Cleveland-Cliffs Steel LLC Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Merceraskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Cleveland-Cliffs Steel LLC Pension Plan funded ratio 115.1% -> 85.5% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Cleveland-Cliffs Steel LLC Pension Plan plan assets $2.5B -> $2.1B (-18.9%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 710871875-009
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.