401(k) · DOL Form 5500 · 2023

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$97M
Total assets Below avg plan size
495
Participants Below avg headcount
91st
Percentile by assets National rank
$195,361
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

$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.

  • #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.

#16,192
in Manufacturing (18,722 peers)
+14.0%
assets growth YoY
1.0×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$96,703,531 Top 9% higher than 91% of 127,068 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 2023

Gerdau Macsteel Savings Plan among mid-size filed plans by headcount

Plan-year 2023 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 (495 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

EBSA filing schedule strip

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2023 · 401(k)

Gerdau Macsteel Savings Plan · $97M · 495 · 91st

  • EIN $97M
  • EIN 495
  • EIN 91st
  • EIN 401(k)
  • EIN near Berry Companies, Inc. Profit Sharing Plan
  • EIN ind #16192

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

Cardiovascular Provider Resources 401(k) Savings PlanCardiovascular Provider Reso…$97MTaco, Inc. Profit Sharing & 401(k) PlanTaco, Inc. Profit Sharing & …$97MGerdau Macsteel Savings Plan$97MBerry Companies, Inc. Profit Sharing PlanBerry Companies, Inc. Profit…$97MThe Inland Group, LLC Savings PlanThe Inland Group, LLC Saving…$97M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$85M
Net Assets (End of Year)$97M
Net Income$12M
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 -50510152025 Total assets ($B) Participants Gerdau Macsteel Savings Plan, Total assets ($B): 0.096703531 · Participants: 495Gerdau Macsteel Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford 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 Berry Companies, Inc. Profit Sharing Plan in KS ($97M); by covered participants it is Pacific Drilling 401(k) Plan in TX (495 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (495 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 Pacific Drilling 401(k) Plan in TX (495 participants, $51M in assets).

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.

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.