Cleveland-Cliffs Steel Corporation
Overview
Cleveland-Cliffs Steel Corporation sponsors a self-funded health plan that covered 8,684 participants in plan year 2025, down 15% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 8,684 · prior year 10,207
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Cleveland-Cliffs Steel Corporation Welfare Benefit Master Plan, plan 550 (8,684 participants); Cleveland-Cliffs Steel Corporation Program of Insurance Benefits, plan 502 (971 participants)
- Broker compensation
- $43K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life, Long-term disability | 12,964 | $6.5M | — |
| Anthem Blue Cross Blue Shield | PPO | 2,609 | $6.4M | — |
| Humana Insurance Company | HMO, PPO | 793 | $911K | $43K |
| Aetna Life Insurance Co. | PPO | 132 | $544K | — |
| Community Insurance Company Anthem Blue Cross Blue Shield | Employee Assistance Program | 7,912 | $346K | — |
| Highmark Inc. | Medical, Prescription drug, HMO | 72 | $258K | — |
| Community Insurance Company Blue Cross Blue Shield | Employee Assistance Program | 1,626 | $47K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 8,684 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Cleveland-Cliffs Steel Corporation
- Sponsor EIN
- 31-1267098
- Plan numbers
- 550, 502
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 31-1267098 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Cleveland-Cliffs Combined Pension Plan
- Type
- Pension plan
- Participants
- 20,915
About this data
Source: Cleveland-Cliffs Steel Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Cleveland-Cliffs Steel Corporation.