401(k) · DOL Form 5500 · 2023

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$60M
Total assets Below avg plan size
931
Participants Near avg headcount
87th
Percentile by assets National rank
$64,486
Avg per participant Low balance/head
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Official DOL plan name: Gerdau Macsteel Savings Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Michigan · Manufacturing

$60M in assets, 931 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan for Bargaining Employees reported $60M in total assets and 931 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,242 in Manufacturing (18,722 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, $60M for 931 participants (~$64,486/participant), up 19.5% in 2023.

#15,242
in Manufacturing (18,722 peers)
+19.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$60,036,004 Top 13% higher than 87% 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 for Bargaining Employees 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 for Bargaining Employees sits mid-pack in the medium band (931 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gerdau Macsteel Savings Plan for Bargaining Employees reported net income rose from -$14M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Gerdau Macsteel Savings Plan for Bargaining Employees end-of-year assets rose from $50M in the plan year 2022 filing to $60M 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 for Bargaining Employees · $60M · 931 · 87th

  • VS-ST $60M
  • VS-ST 931
  • VS-ST 87th
  • VS-ST 401(k)
  • VS-ST near Nsm Insurance Group 401(k) Plan
  • VS-ST ind #15242

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

The Linux Foundation 401(k) PlanThe Linux Foundation 401(k) …$60MGerdau Macsteel Savings Plan for Bargaining EmployeesGerdau Macsteel Savings Plan…$60MNsm Insurance Group 401(k) PlanNsm Insurance Group 401(k) P…$60MWilson-Mcshane Corporation Retirement Income PlanWilson-Mcshane Corporation R…$60MRallye Motor Company 401(k) PlanRallye Motor Company 401(k) …$60M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan for Bargaining Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$60M
Net Income$10M
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 -50510152025 Total assets ($B) Participants Gerdau Macsteel Savings Plan for Bargaining Employees, Total assets ($B): 0.060036004 · Participants: 931Gerdau Macsteel Savings Plan for Bargaining EmployeesGeneral 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 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 Nsm Insurance Group 401(k) Plan in PA ($60M); by covered participants it is Smart Choice Akorn, Inc. 401(k) Retirement Plan in PA (931 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($60M here).

Similar participant headcount

Nearest other-state filings by covered participants (931 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 for Bargaining Employees assets move in 2023? ▼
Gerdau Macsteel Savings Plan for Bargaining Employees grew sharply - up 19.5% during 2023, from $50M to $60M. Reported net income was $10M.
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 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Nsm Insurance Group 401(k) Plan in PA ($60M, 738 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 Smart Choice Akorn, Inc. 401(k) Retirement Plan in PA (931 participants, $1K 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.