AbstractMagnetospheric plasma sheet ions drift toward the Earth and populate the ring current. The ring current plasma pressure distorts the terrestrial internal magnetic field at the surface, and this disturbance strongly affects the strength of a magnetic storm. The contribution of energetic ions (>40 keV) and of heavy ions to the total plasma pressure in the near‐Earth plasma sheet is not always considered. In this study, we evaluate the contribution of low‐energy and energetic ions of different species to the total plasma pressure for the storm observed by the Cluster mission from 27 September until 3 October 2002. We show that the contribution of energetic ions (>40 keV) and of heavy ions to the total plasma pressure is ≃76–98.6% in the ring current and ≃14–59% in the magnetotail. The main source of oxygen ions, responsible for ≃56% of the plasma pressure of the ring current, is located at distances earthward of XGSE ≃ −13.5 RE during the main phase of the storm. The contribution of the ring current particles agrees with the observed Dst index. We model the magnetic storm using the Space Weather Modeling Framework (SWMF). We assess the plasma pressure output in the ring current for two different ion outflow models in the SWMF through comparison with observations. Both models yield reasonable results. The model which produces the most heavy ions agrees best with the observations. However, the data suggest that there is still potential for refinement in the simulations.