Defined Benefit (Pension) · DOL Form 5500 · 2022

Gerdau Macsteel, Inc. Pension Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
608
Participants Below avg headcount
90th
Percentile by assets National rank
$106,842
Avg per participant Below avg balance/head
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Official DOL plan name: Gerdau Macsteel Pension Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing

$65M in assets, 608 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan for Bargaining Employees reported $65M in total assets and 608 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #17,551 in Manufacturing (20,602 peers)

Where Gerdau Macsteel Pension Plan for Bargaining Employees sits by assets

Gerdau Macsteel Pension Plan for Bargaining Employees sits in the top 10% of all filed plans by assets, $65M for 608 participants (~$106,842/participant), down 23.3% in 2022.

#17,551
in Manufacturing (20,602 peers)
-23.3%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gerdau Macsteel Pension Plan for Bargaining Employees's outsized position by total assets

Gerdau Macsteel Pension Plan for Bargaining Employees vs every filed plan by assets

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

$64,959,813 Top 10% higher than 90% 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 for Bargaining Employees 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 for Bargaining Employees sits mid-pack in the medium band (608 participants).

Published 5500 schedule card

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

Gerdau Macsteel Pension Plan for Bargaining Employees · $65M · 608 · 90th

  • BOOK $65M
  • VS-ST 608
  • BOY 90th
  • SCH Defined Benefit (Pension)
  • EBSA near New-Indy Catawba, LLC Pension Plan
  • PART ind #17551

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 for Bargaining Employees in the asset neighbourhood

The Retirement Benefit Plan of Sc International Services, Inc. for Off, Mgmt & Spec, and Non-Mgt Non-Union PersonnelThe Retirement Benefit Plan …$65MGerdau Macsteel Pension Plan for Bargaining EmployeesGerdau Macsteel Pension Plan…$65MNew-Indy Catawba, LLC Pension PlanNew-Indy Catawba, LLC Pensio…$65MSaks Fifth Avenue Pension PlanSaks Fifth Avenue Pension Pl…$65MUpper Peninsula Plumbers & Pipefitters Pension PlanUpper Peninsula Plumbers & P…$65M
End-of-year total assets ($M) among Gerdau Macsteel Pension Plan for Bargaining Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$85M
Net Assets (End of Year)$65M
Net Income-$20M
Employer EIN381872178
Plan Effective Date2004-01-01
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 for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -202468 Total assets ($B) Participants Gerdau Macsteel Pension Plan for Bargaining Employees, Total assets ($B): 0.064959813 · Participants: 608Gerdau Macsteel Pension Plan for Bargaining EmployeesL3harris 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 for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Macsteel Pension Plan for Bargaining Employees side-by-side with 3 peers →

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

Outside Florida, the nearest Defined Benefit (Pension) by assets is New-Indy Catawba, LLC Pension Plan in CA ($65M); by covered participants it is Flint Hills Resources Pension Plan in KS (608 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (608 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 for Bargaining Employees assets move in 2022? ▼
Gerdau Macsteel Pension Plan for Bargaining Employees declined sharply - down 23.3% during 2022, from $85M to $65M. Reported net income was -$20M.
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 for Bargaining Employees rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Pension Plan for Bargaining Employees ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Gerdau Macsteel Pension Plan for Bargaining Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is New-Indy Catawba, LLC Pension Plan in CA ($65M, 251 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Macsteel Pension Plan for Bargaining Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Flint Hills Resources Pension Plan in KS (608 participants, $77M 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.