Defined Benefit (Pension) · DOL Form 5500 · 2024

Gerdau Macsteel, Inc. Pension Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size
522
Participants Below avg headcount
88th
Percentile by assets National rank
$141,040
Avg per participant Near avg balance/head
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Official DOL plan name: Gerdau Macsteel Pension Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing

$74M in assets, 522 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan for Bargaining Employees reported $74M in total assets and 522 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #14,672 in Manufacturing (17,777 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, $74M for 522 participants (~$141,040/participant), up 1.0% in 2024.

#14,672
in Manufacturing (17,777 peers)
+1.0%
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 2024 · DOL Form 5500

$73,622,707 Top 12% higher than 88% 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 for Bargaining Employees 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 for Bargaining Employees sits mid-pack in the medium band (522 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Macsteel Pension Plan for Bargaining Employees reported net income fell from $8M in the plan year 2023 filing to $660K in the plan year 2024 filing.
  • Gerdau Macsteel Pension Plan for Bargaining Employees reported participants fell from 552 in the plan year 2023 filing to 522 in the plan year 2024 filing.
  • Gerdau Macsteel Pension Plan for Bargaining Employees end-of-year assets rose from $73M in the plan year 2023 filing to $74M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

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

Gerdau Macsteel Pension Plan for Bargaining Employees · $74M · 522 · 88th

  • EBSA $74M
  • PART 522
  • TYPE 88th
  • NET Defined Benefit (Pension)
  • BOOK near Roofers Local No. 9 Pension Plan
  • VS-ST ind #14672

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

Roofers Local No. 9 Pension PlanRoofers Local No. 9 Pension …$74MGerdau Macsteel Pension Plan for Bargaining EmployeesGerdau Macsteel Pension Plan…$74MStone and Marble Masons of Metropolitan Washington D.C. Pension FundStone and Marble Masons of M…$74MDelta Dental of California Cash Balance Retirement PlanDelta Dental of California C…$74MIronworkers Local Union No. 167 Pension PlanIronworkers Local Union No. …$74M
End-of-year total assets ($M) among Gerdau Macsteel Pension Plan for Bargaining Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$74M
Net Income$660K
Employer EIN381872178
Plan Effective Date2004-01-01
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 Defined Benefit (Pension) Plans in Florida

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

Gerdau Macsteel Pension Plan for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Gerdau Macsteel Pension Plan for Bargaining Employees, Total assets ($B): 0.073622707 · Participants: 522Gerdau Macsteel Pension Plan for Bargaining EmployeesL3harris 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 for Bargaining Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Macsteel Pension Plan for Bargaining Employees side-by-side with 3 peers →

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 Roofers Local No. 9 Pension Plan in CT ($74M); by covered participants it is Wec Energy Group Retirement Plan for Wisconsin Public Service Corporation in WI (522 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (522 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 for Bargaining Employees assets move in 2024? ▼
Gerdau Macsteel Pension Plan for Bargaining Employees held essentially flat - up 1.0% during 2024, from $73M to $74M. Reported net income was $660K.
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 for Bargaining Employees rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Pension Plan for Bargaining Employees ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Gerdau Macsteel Pension Plan for Bargaining Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Roofers Local No. 9 Pension Plan in CT ($74M, 188 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Macsteel Pension Plan for Bargaining Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Wec Energy Group Retirement Plan for Wisconsin Public Service Corporation in WI (522 participants, $713M 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.