401(k) · DOL Form 5500 · 2022
Gerdau Macsteel, Inc. 401(k) Plan
Data updated 2026-08-11
- $85M
- Total assets
- 431
- Participants
- 92nd
- Percentile by assets
- $196,861
- Avg per participant
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.
- 92nd percentile by assets (of 139,126 plans)
- #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.
- $85M
- total plan assets (2022 EOY)
- 431
- covered participants
- 92nd
- percentile by assets (of 139,126 plans)
- $196,861
- avg assets per participant
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.
Where Gerdau Macsteel Savings Plan sits 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
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 vs the 2022 asset distribution
By assets, Gerdau Macsteel Savings Plan outranks 92% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $107M |
|---|---|
| Net Assets (End of Year) | $85M |
| Net Income | -$22M |
| Employer EIN | 381872178 |
| Plan Effective Date | 1986-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Gerdau Macsteel, Inc.)
| 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
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Gerdau Macsteel Savings Plan by total assets, not by location.
Frequently Asked Questions
How did Gerdau Macsteel Savings Plan assets move in 2022? ▼
How have Gerdau Macsteel, Inc. plan assets changed over time? ▼
Where does Gerdau Macsteel Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Gerdau Macsteel Savings Plan
Scale reading
Ways to act on Gerdau Macsteel Savings Plan's numbers.
- By total assets, Gerdau Macsteel Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Gerdau Macsteel, Inc.'s sponsor-wide assets have grown 2.6% since 2022 across 3 plan years on file. More Manufacturing plans