Defined Benefit (Pension) · DOL Form 5500 · 2023
Gerdau Macsteel, Inc. Pension Plan
Data updated 2026-08-25
- $73M
- Total assets Below avg plan size
- 552
- Participants Below avg headcount
- 89th
- Percentile by assets National rank
- $132,114
- Avg per participant Near avg balance/head
Official DOL plan name: Gerdau Macsteel Pension Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing
$73M in assets, 552 participants
Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan for Bargaining Employees reported $73M in total assets and 552 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.
- #15,654 in Manufacturing (18,722 peers)
Where Gerdau Macsteel Pension Plan for Bargaining Employees sits by assets
Gerdau Macsteel Pension Plan for Bargaining Employees sits in the top quartile of all filed plans by assets, $73M for 552 participants (~$132,114/participant), up 12.3% in 2023.
- #15,654
- in Manufacturing (18,722 peers)
- +12.3%
- assets growth YoY
- 0.7×
- vs typical plan assets (national mean)
Gerdau Macsteel Pension Plan for Bargaining Employees's outsized position by total assets
Gerdau Macsteel Pension Plan for Bargaining Employees vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$72,927,088 Top 11% higher than 89% 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 Pension 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 Pension Plan for Bargaining Employees sits mid-pack in the medium band (552 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Gerdau Macsteel Pension Plan for Bargaining Employees reported net income rose from -$20M in the plan year 2022 filing to $8M in the plan year 2023 filing.
- Gerdau Macsteel Pension Plan for Bargaining Employees end-of-year assets rose from $65M in the plan year 2022 filing to $73M in the plan year 2023 filing.
- Gerdau Macsteel Pension Plan for Bargaining Employees reported participants fell from 608 in the plan year 2022 filing to 552 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2023 · Defined Benefit (Pension)
Gerdau Macsteel Pension Plan for Bargaining Employees · $73M · 552 · 89th
- PHOTO $73M
- IND 552
- EOY 89th
- 5500 Defined Benefit (Pension)
- ASSETS near Shopmen Local Union 502 Pension Plan
- PCT ind #15654
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 Florida →
Gerdau Macsteel Pension Plan for Bargaining Employees in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $65M |
|---|---|
| Net Assets (End of Year) | $73M |
| Net Income | $8M |
| Employer EIN | 381872178 |
| Plan Effective Date | 2004-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 2,213 | $247M |
| 2023 | 4 | 2,209 | $278M |
| 2024 | 4 | 2,179 | $253M |
Nearby Defined Benefit (Pension) Plans in Florida
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- L3harris Technologies Consolidated Pension Plan $7.7B · 4,676
- Nextera Energy, Inc. Employee Pension Plan $5.1B · 13,121
- Csx Pension Plan $2.4B · 2,446
- Retirement Accumulation Plan for Partners of Pwc $2.2B · 3,967
- Retirement Benefit Accumulation Plan for Employees of Pwc $1.9B · 5,514
Gerdau Macsteel Pension Plan for Bargaining Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Florida, the nearest Defined Benefit (Pension) by assets is Shopmen Local Union 502 Pension Plan in PA ($73M); by covered participants it is Major League Baseball - Office Employees Plan in NY (551 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($73M here).
- Shopmen Local Union 502 Pension Plan (PA) $73M · 220
- Flint Hills Resources Pension Plan (KS) $73M · 592
- Potlatch No 1 Financial Credit Union Cash Balance Defined Benefit Plan and Trust (ID) $73M · 367
- Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Employees' Pension Plan (MD) $73M · 26
Similar participant headcount
Nearest other-state filings by covered participants (552 participants); asset peers above are excluded.
- Major League Baseball - Office Employees Plan (NY) 551 · 1 off
- Laborers Pension Fund (VA) 553 · 1 off
- U.a. Local 13 Pension Fund (NY) 554 · 2 off
- Standard Retirement Plan - Home Office Personnel (OR) 550 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.