401(k) · DOL Form 5500 · 2022

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$50M
Total assets Below avg plan size
927
Participants Near avg headcount
88th
Percentile by assets National rank
$54,203
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Gerdau Macsteel Savings Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Michigan · Manufacturing

$50M in assets, 927 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan for Bargaining Employees reported $50M in total assets and 927 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #16,978 in Manufacturing (20,602 peers)

Where Gerdau Macsteel Savings Plan for Bargaining Employees sits by assets

Gerdau Macsteel Savings Plan for Bargaining Employees sits in the top quartile of all filed plans by assets, $50M for 927 participants (~$54,203/participant), down 22.7% in 2022.

#16,978
in Manufacturing (20,602 peers)
-22.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$50,246,624 Top 12% higher than 88% 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 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 Savings Plan for Bargaining Employees sits mid-pack in the medium band (927 participants).

Form 5500 schedule snapshot

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

Gerdau Macsteel Savings Plan for Bargaining Employees · $50M · 927 · 88th

  • PART $50M
  • PART 927
  • PART 88th
  • PART 401(k)
  • PART near Town & Country Markets, Inc. Retirement Savings Plan
  • PART ind #16978

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 for Bargaining Employees in the asset neighbourhood

Gerdau Macsteel Savings Plan for Bargaining EmployeesGerdau Macsteel Savings Plan…$50MTown & Country Markets, Inc. Retirement Savings PlanTown & Country Markets, Inc.…$50MProximo Spirits Inc. 401(k) Profit Sharing Plan and TrustProximo Spirits Inc. 401(k) …$50MInd Acct Plan for the Oregon Sheet Metal WorkersInd Acct Plan for the Oregon…$50MDiagnostic Imaging Centers, P.a. 401(k) Profit Sharing PlanDiagnostic Imaging Centers, …$50M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan for Bargaining Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$50M
Net Income-$14M
Employer EIN381872178
Plan Effective Date1989-01-01
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 401(k) Plans in Michigan

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

Gerdau Macsteel Savings Plan for Bargaining Employees vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Gerdau Macsteel Savings Plan for Bargaining Employees, Total assets ($B): 0.050246624 · Participants: 927Gerdau Macsteel Savings Plan for Bargaining EmployeesGeneral 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 for Bargaining Employees vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gerdau Macsteel Savings Plan for Bargaining Employees side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Town & Country Markets, Inc. Retirement Savings Plan in WA ($50M); by covered participants it is Lexitas 401(k) Plan in TX (927 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (927 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 for Bargaining Employees assets move in 2022? ▼
Gerdau Macsteel Savings Plan for Bargaining Employees declined sharply - down 22.7% during 2022, from $65M to $50M. Reported net income was -$14M.
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 for Bargaining Employees rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Savings Plan for Bargaining Employees ranks in the 88th 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 401(k) plans are similar in size to Gerdau Macsteel Savings Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by assets is Town & Country Markets, Inc. Retirement Savings Plan in WA ($50M, 1,189 participants).
Which 401(k) plans cover a similar participant headcount to Gerdau Macsteel Savings Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Lexitas 401(k) Plan in TX (927 participants, $11M 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.