Defined Benefit (Pension) · DOL Form 5500 · 2022

Gerdau Macsteel, Inc. Pension Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
247
Participants Below avg headcount
87th
Percentile by assets National rank
$188,656
Avg per participant Above avg balance/head
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Official DOL plan name: Gerdau Macsteel Pension Plan · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing

$47M in assets, 247 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan reported $47M in total assets and 247 participants in its 2022 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #16,801 in Manufacturing (20,602 peers)

Coverage in Florida

Gerdau Macsteel Pension Plan covers 247 participants in Florida, about 39% of the average Florida filer (state average ~628 per filing). Assets: $47M.

#16,801
in Manufacturing (20,602 peers)
-25.5%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gerdau Macsteel Pension Plan's outsized position by total assets

Gerdau Macsteel Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$46,598,003 Top 13% higher than 87% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Gerdau Macsteel Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gerdau Macsteel Pension Plan sits mid-pack in the medium band (247 participants).

Form 5500 schedule snapshot

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2022 · Defined Benefit (Pension)

Gerdau Macsteel Pension Plan · $47M · 247 · 87th

  • 5500 $47M
  • ASSETS 247
  • PCT 87th
  • EIN Defined Benefit (Pension)
  • RANK near Retirement Plan for Employees of the Uniontown Hospital
  • PHOTO ind #16801

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Florida →

Gerdau Macsteel Pension Plan in the asset neighbourhood

Retirement Plan for Employees of the Watson InstituteRetirement Plan for Employee…$47MRetirement Plan for Employees of the Uniontown HospitalRetirement Plan for Employee…$47MGerdau Macsteel Pension Plan$47MSheet Metal Workers Local No. 124 Pension PlanSheet Metal Workers Local No…$47MLowenstein Sandler Retirement Shares PlanLowenstein Sandler Retiremen…$47M
End-of-year total assets ($M) among Gerdau Macsteel Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Florida filing particulars

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$47M
Net Income-$16M
Employer EIN381872178
Plan Effective Date1985-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gerdau Macsteel, Inc.)

Sponsor-wide plan assets over time

All Gerdau Macsteel, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$253M 2.554447861755437% vs 2022
2024 filing year
$240M$250M$260M$270M$280M$290M 202220232024 $247M $253M ▲ +2.6%
Year Plans Participants Total Assets
2022 4 2,213 $247M
2023 4 2,209 $278M
2024 4 2,179 $253M

Nearby Defined Benefit (Pension) Plans in Florida

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -202468 Total assets ($B) Participants Gerdau Macsteel Pension Plan, Total assets ($B): 0.046598003 · Participants: 247Gerdau Macsteel Pension PlanL3harris Aviation Products Pension Plan, Total assets ($B): 6.623750939 · Participants: 10L3harris Aviation Products Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 4.827563863 · Participants: 13210Nextera Energy, Inc. Employee Pension PlanCsx Pension Plan, Total assets ($B): 2.20978 · Participants: 2728Csx Pension PlanRetirement Benefit Accumulation Plan for Employees of Pwc LLP, Total assets ($B): 1.852268551 · Participants: 5861Retirement Benefit Accumulation Plan for Employees of Pwc LLPPricewaterhousecoopers LLP Retirement Accumulation Plan for Partners, Total assets ($B): 1.789426694 · Participants: 3819Pricewaterhousecoopers LLP Retirement Accumulation Plan for Partners
Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Macsteel Pension Plan side-by-side with 3 peers →

Gerdau Macsteel Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of the Uniontown Hospital in PA ($47M); by covered participants it is Insulators Local No. 96 Pension Fund in TN (247 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (247 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gerdau Macsteel Pension Plan assets move in 2022? ▼
Gerdau Macsteel Pension Plan declined sharply - down 25.5% during 2022, from $63M to $47M. Reported net income was -$16M.
How have Gerdau Macsteel, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gerdau Macsteel, Inc.'s sponsor-wide assets grew 2.6%, from $247M to $253M.
Where does Gerdau Macsteel Pension Plan rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Pension Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Employees of the Uniontown Hospital in PA ($47M, 203 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Insulators Local No. 96 Pension Fund in TN (247 participants, $22M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381872178.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.