401(k) · DOL Form 5500 · 2023

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-11

$97M
Total assets: 495
Participants: 91st
Percentile by assets: $195,361
Avg per participant

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

$97M in assets, 495 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan reported $97M in total assets and 495 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

91st percentile by assets (of 127,072 plans)
#16,192 in Manufacturing (18,722 peers)

Where Gerdau Macsteel Savings Plan sits by assets

Gerdau Macsteel Savings Plan sits in the top 10% of all filed plans by assets, $97M for 495 participants (~$195,361/participant), up 14.0% in 2023.

$97M
total plan assets (2023 EOY): 495
covered participants: 91st
percentile by assets (of 127,072 plans): $195,361
avg assets per participant

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 2023 · DOL Form 5500

$96,703,531 Top 9% higher than 91% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Gerdau Macsteel Savings Plan reported net income rose from -$22M in the plan year 2022 filing to $12M in the plan year 2023 filing.
Gerdau Macsteel Savings Plan reported participants rose from 431 in the plan year 2022 filing to 495 in the plan year 2023 filing.
Gerdau Macsteel Savings Plan end-of-year assets rose from $85M in the plan year 2022 filing to $97M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Manufacturing

Gerdau Macsteel Savings Plan vs the 2023 asset distribution

By assets, Gerdau Macsteel Savings Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$85M
Net Assets (End of Year)	$97M
Net Income	$12M
Employer EIN	381872178
Plan Effective Date	1986-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Gerdau Macsteel, Inc.)

Total plan assets by year, all Gerdau Macsteel, Inc. plans on file

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 $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare Gerdau Macsteel Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Gerdau Macsteel Savings Plan by total assets, not by location.

Berry Companies, Inc. Profit Sharing Plan (KS) $97M · 1,313
Taco, Inc. Profit Sharing & 401(k) Plan (RI) $97M · 563
Cardiovascular Provider Resources 401(k) Savings Plan (TX) $97M · 305
The Inland Group, LLC Savings Plan (IL) $97M · 886

Frequently Asked Questions

How did Gerdau Macsteel Savings Plan assets move in 2023? ▼

Gerdau Macsteel Savings Plan grew at a solid clip - up 14.0% during 2023, from $85M to $97M. Reported net income was $12M.

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 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Berry Companies, Inc. Profit Sharing Plan in KS ($97M, 1,313 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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