401(k) · DOL Form 5500 · 2024

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$113M
Total assets Near avg plan size
505
Participants Below avg headcount
91st
Percentile by assets National rank
$223,593
Avg per participant Above avg balance/head
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Official DOL plan name: Gerdau Macsteel Savings Plan · Sponsored by Gerdau Macsteel, Inc. · Michigan · Manufacturing

$113M in assets, 505 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan reported $113M in total assets and 505 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #15,473 in Manufacturing (17,777 peers)

Where Gerdau Macsteel Savings Plan sits by assets

Gerdau Macsteel Savings Plan sits in the top 10% of all filed plans by assets, $113M for 505 participants (~$223,593/participant), up 16.8% in 2024.

#15,473
in Manufacturing (17,777 peers)
+16.8%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Gerdau Macsteel Savings Plan's outsized position by total assets

Gerdau Macsteel Savings Plan vs every filed plan by assets

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

$112,914,253 Top 9% higher than 91% 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 Savings 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 Savings Plan sits mid-pack in the medium band (505 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Macsteel Savings Plan reported net income rose from $12M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Gerdau Macsteel Savings Plan end-of-year assets rose from $97M in the plan year 2023 filing to $113M in the plan year 2024 filing.
  • Gerdau Macsteel Savings Plan reported participants rose from 495 in the plan year 2023 filing to 505 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2024 · 401(k)

Gerdau Macsteel Savings Plan · $113M · 505 · 91st

  • TYPE $113M
  • NET 505
  • BOOK 91st
  • VS-ST 401(k)
  • BOY near Independent Stave Company, LLC 401(k) Profit Sharing Plan
  • SCH ind #15473

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 in the asset neighbourhood

Service Federal Credit Union Profit Sharing/401(k) PlanService Federal Credit Union…$113MBayview Physician Services, P.C. 401(k) Profit Sharing PlanBayview Physician Services, …$113MGerdau Macsteel Savings Plan$113MIndependent Stave Company, LLC 401(k) Profit Sharing PlanIndependent Stave Company, L…$113MBfkn Personal Retirement Plan aBfkn Personal Retirement Pla…$113M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$97M
Net Assets (End of Year)$113M
Net Income$16M
Employer EIN381872178
Plan Effective Date1986-04-01
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 vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Gerdau Macsteel Savings Plan, Total assets ($B): 0.112914253 · Participants: 505Gerdau Macsteel Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The 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): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Gerdau Macsteel Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gerdau Macsteel Savings Plan side-by-side with 3 peers →

Gerdau Macsteel Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Independent Stave Company, LLC 401(k) Profit Sharing Plan in MO ($113M); by covered participants it is Kurita America Inc. Retirement Savings Plan in MN (505 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (505 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 Savings Plan assets move in 2024? ▼
Gerdau Macsteel Savings Plan grew sharply - up 16.8% during 2024, from $97M to $113M. Reported net income was $16M.
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 rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Savings Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Gerdau Macsteel Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Independent Stave Company, LLC 401(k) Profit Sharing Plan in MO ($113M, 2,373 participants).
Which 401(k) plans cover a similar participant headcount to Gerdau Macsteel Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kurita America Inc. Retirement Savings Plan in MN (505 participants, $91M 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.