Defined Benefit (Pension) · DOL Form 5500 · 2024

Gerdau Macsteel, Inc. Pension Plan

Data updated 2026-08-25

$2K
Total assets Small plan by assets
192
Participants Below avg headcount
1st
Percentile by assets National rank
$11
Avg per participant Low balance/head
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Official DOL plan name: Gerdau Macsteel Pension Plan · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing

$2K in assets, 192 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan reported $2K in total assets and 192 participants in its 2024 DOL Form 5500 filing, ranking in the 1st 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.

  • #47 in Manufacturing (17,777 peers)

Coverage in Florida

Gerdau Macsteel Pension Plan covers 192 participants in Florida, about 31% of the average Florida filer (state average ~628 per filing). Assets: $2K.

#47
in Manufacturing (17,777 peers)
-100.0%
assets change YoY

The plan reported a net loss of $47M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gerdau Macsteel Pension Plan among the smaller filed plans by assets

Gerdau Macsteel Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,066 1st percentile higher than 1% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gerdau Macsteel Pension Plan sits mid-pack in the medium band (192 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Macsteel Pension Plan reported net income fell from $788K in the plan year 2023 filing to -$47M in the plan year 2024 filing.
  • Gerdau Macsteel Pension Plan end-of-year assets fell from $48M in the plan year 2023 filing to $2K in the plan year 2024 filing.
  • Gerdau Macsteel Pension Plan reported participants fell from 231 in the plan year 2023 filing to 192 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2024 · Defined Benefit (Pension)

Gerdau Macsteel Pension Plan · $2K · 192 · 1st

  • SCH $2K
  • EBSA 192
  • PART 1st
  • TYPE Defined Benefit (Pension)
  • NET near Gerresheimer Glass Hourly Retirement Plan
  • BOOK ind #47

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 in the asset neighbourhood

Gerdau Macsteel Pension Plan$2KGerresheimer Glass Hourly Retirement PlanGerresheimer Glass Hourly Re…$2KThe Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$2KNavid Navizadeh, M.D., Inc. Defined Benefit Pension PlanNavid Navizadeh, M.D., Inc. …$2KOceanside Traders LLC Defined Benefit PlanOceanside Traders LLC Define…$1K
End-of-year total assets ($M) among Gerdau Macsteel Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Florida filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$2K
Net Income-$47M
Employer EIN381872178
Plan Effective Date1985-11-01
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 Defined Benefit (Pension) Plans in Florida

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

Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Gerdau Macsteel Pension Plan, Total assets ($B): 0.000002066 · Participants: 192Gerdau Macsteel Pension PlanL3harris Technologies Consolidated Pension Plan, Total assets ($B): 7.598643443 · Participants: 4996L3harris Technologies Consolidated Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 5.345055504 · Participants: 14419Nextera Energy, Inc. Employee Pension PlanRetirement Accumulation Plan for Partners of Pwc, Total assets ($B): 2.667043153 · Participants: 3950Retirement Accumulation Plan for Partners of PwcCsx Pension Plan, Total assets ($B): 2.291461429 · Participants: 2293Csx Pension PlanRetirement Benefit Accumulation Plan for Employees of Pwc, Total assets ($B): 1.933306082 · Participants: 5001Retirement Benefit Accumulation Plan for Employees of Pwc
Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Macsteel Pension Plan side-by-side with 3 peers →

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

Outside Florida, the nearest Defined Benefit (Pension) by assets is Gerresheimer Glass Hourly Retirement Plan in NJ ($2K); by covered participants it is Horne Brothers Construction, Inc. Cash Balance Pension Plan in NC (192 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (192 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gerdau Macsteel Pension Plan assets move in 2024? ▼
Gerdau Macsteel Pension Plan contracted severely - down 100.0% during 2024, from $48M to $2K. Reported net income was -$47M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Pension Plan ranks in the 1st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Defined Benefit (Pension) plans are similar in size to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Gerresheimer Glass Hourly Retirement Plan in NJ ($2K, 7 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Horne Brothers Construction, Inc. Cash Balance Pension Plan in NC (192 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.