401(k) · DOL Form 5500 · 2022

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$85M
Total assets Below avg plan size
431
Participants Below avg headcount
92nd
Percentile by assets National rank
$196,861
Avg per participant Above avg balance/head
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Official DOL plan name: Gerdau Macsteel Savings Plan · Sponsored by Gerdau Macsteel, Inc. · Michigan · Manufacturing

$85M in assets, 431 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan reported $85M in total assets and 431 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #18,037 in Manufacturing (20,602 peers)

Where Gerdau Macsteel Savings Plan sits by assets

Gerdau Macsteel Savings Plan sits in the top 10% of all filed plans by assets, $85M for 431 participants (~$196,861/participant), down 20.4% in 2022.

#18,037
in Manufacturing (20,602 peers)
-20.4%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gerdau Macsteel Savings Plan's outsized position by total assets

Gerdau Macsteel Savings Plan vs every filed plan by assets

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

$84,847,257 Top 8% higher than 92% 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 Savings 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 Savings Plan sits mid-pack in the medium band (431 participants).

Plan-year Form 5500 strip

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2022 · 401(k)

Gerdau Macsteel Savings Plan · $85M · 431 · 92nd

  • TYPE $85M
  • TYPE 431
  • TYPE 92nd
  • TYPE 401(k)
  • TYPE near Virginia Family Dentistry 401(k)/Profit Sharing Plan and Trust
  • TYPE ind #18037

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 Michigan →

Gerdau Macsteel Savings Plan in the asset neighbourhood

Qurate Retail Group 401(k) Retirement Savings Plan for Cornerstone BrandsQurate Retail Group 401(k) R…$85MUnilever Advantage Savings PlanUnilever Advantage Savings P…$85MMoses & Singer LLP Plan for Savings and InvestmentMoses & Singer LLP Plan for …$85MGerdau Macsteel Savings Plan$85MVirginia Family Dentistry 401(k)/Profit Sharing Plan and TrustVirginia Family Dentistry 40…$85M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$107M
Net Assets (End of Year)$85M
Net Income-$22M
Employer EIN381872178
Plan Effective Date1986-04-01
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 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gerdau Macsteel Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Gerdau Macsteel Savings Plan, Total assets ($B): 0.084847257 · Participants: 431Gerdau Macsteel Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Gerdau Macsteel Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gerdau Macsteel Savings Plan side-by-side with 3 peers →

Gerdau Macsteel Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Virginia Family Dentistry 401(k)/Profit Sharing Plan and Trust in VA ($85M); by covered participants it is Western Growers Employee Savings Plan in CA (431 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (431 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 Savings Plan assets move in 2022? ▼
Gerdau Macsteel Savings Plan declined sharply - down 20.4% during 2022, from $107M to $85M. Reported net income was -$22M.
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 Savings Plan rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Savings Plan ranks in the 92nd 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 401(k) plans are similar in size to Gerdau Macsteel Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Virginia Family Dentistry 401(k)/Profit Sharing Plan and Trust in VA ($85M, 372 participants).
Which 401(k) plans cover a similar participant headcount to Gerdau Macsteel Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Western Growers Employee Savings Plan in CA (431 participants, N/A 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.