Defined Benefit (Pension) · DOL Form 5500 · 2023

Gerdau Ameristeel US Inc. Pension Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
442
Participants Below avg headcount
50th
Percentile by assets National rank
$14,958
Avg per participant Low balance/head
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Official DOL plan name: Gerdau Ameristeel US Retirement Plan · Sponsored by Gerdau Ameristeel US Inc. · Florida · Manufacturing

$7M in assets, 442 participants

Gerdau Ameristeel US Inc.'s Gerdau Ameristeel US Retirement Plan reported $7M in total assets and 442 participants in its 2023 DOL Form 5500 filing, ranking in the 50th 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.

  • #6,317 in Manufacturing (18,722 peers)

2023 asset change

Gerdau Ameristeel US Retirement Plan contracted severely 95.4% in 2023 ($144M → $7M) for 442 participants.

#6,317
in Manufacturing (18,722 peers)
-95.4%
assets change YoY

The plan reported a net loss of $137M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gerdau Ameristeel US Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Gerdau Ameristeel US Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,611,488 Top 50% higher than 50% 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 Ameristeel US Retirement 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 Ameristeel US Retirement Plan sits mid-pack in the medium band (442 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gerdau Ameristeel US Retirement Plan reported net income fell from -$11M in the plan year 2022 filing to -$137M in the plan year 2023 filing.
  • Gerdau Ameristeel US Retirement Plan end-of-year assets fell from $144M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Gerdau Ameristeel US Retirement Plan reported participants fell from 588 in the plan year 2022 filing to 442 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 590792436 · Gerdau Ameristeel US Inc. PY 2023 · Defined Benefit (Pension)

Gerdau Ameristeel US Retirement Plan · $7M · 442 · 50th

  • PCT $7M
  • PCT 442
  • PCT 50th
  • PCT Defined Benefit (Pension)
  • PCT near H&n Group, Inc. Defined Benefit Pension Plan
  • PCT ind #6317

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 Ameristeel US Retirement Plan in the asset neighbourhood

The American Legion National Headquarters Employees' Retirement PlanThe American Legion National…$7MGerdau Ameristeel US Retirement PlanGerdau Ameristeel US Retirem…$7MH&n Group, Inc. Defined Benefit Pension PlanH&n Group, Inc. Defined Bene…$7MCarrier Process Equipment Group, Inc. Cash Balance PlanCarrier Process Equipment Gr…$7MLaborers Local 91 Pension PlanLaborers Local 91 Pension Pl…$7M
End-of-year total assets ($M) among Gerdau Ameristeel US Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Gerdau Ameristeel US Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Gerdau Ameristeel US Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$842M 3.6293955758222785% vs 2022
2024 filing year
$760M$780M$800M$820M$840M$860M 202220232024 $812M $842M ▲ +3.6%
Year Plans Participants Total Assets
2022 4 3,953 $812M
2023 4 3,905 $780M
2024 3 3,547 $842M

2023 asset-move particulars

Total Assets (Beginning of Year)$144M
Net Assets (End of Year)$7M
Net Income-$137M
Employer EIN590792436
Plan Effective Date1968-04-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Florida

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Gerdau Ameristeel US Retirement Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20246810 Total assets ($B) Participants Gerdau Ameristeel US Retirement Plan, Total assets ($B): 0.006611488 · Participants: 442Gerdau Ameristeel US Retirement PlanL3harris Technologies Consolidated Pension Plan, Total assets ($B): 7.749240033 · Participants: 4676L3harris Technologies Consolidated Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 5.124263985 · Participants: 13121Nextera Energy, Inc. Employee Pension PlanCsx Pension Plan, Total assets ($B): 2.367781795 · Participants: 2446Csx Pension PlanRetirement Accumulation Plan for Partners of Pwc, Total assets ($B): 2.24071421 · Participants: 3967Retirement Accumulation Plan for Partners of PwcRetirement Benefit Accumulation Plan for Employees of Pwc, Total assets ($B): 1.916753026 · Participants: 5514Retirement Benefit Accumulation Plan for Employees of Pwc
Gerdau Ameristeel US Retirement Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Ameristeel US Retirement Plan side-by-side with 3 peers →

Gerdau Ameristeel US Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is H&n Group, Inc. Defined Benefit Pension Plan in CA ($7M); by covered participants it is Ct Childrens Medical Ctr. Cash Balance Retirement in CT (442 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (442 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 Ameristeel US Retirement Plan assets move in 2023? ▼
Gerdau Ameristeel US Retirement Plan contracted severely - down 95.4% during 2023, from $144M to $7M. Reported net income was -$137M.
How have Gerdau Ameristeel US Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gerdau Ameristeel US Inc.'s sponsor-wide assets grew 3.6%, from $812M to $842M.
Which Defined Benefit (Pension) plans are similar in size to Gerdau Ameristeel US Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is H&n Group, Inc. Defined Benefit Pension Plan in CA ($7M, 34 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Ameristeel US Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ct Childrens Medical Ctr. Cash Balance Retirement in CT (442 participants, $89M 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 590792436.

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.