401(k) · DOL Form 5500 · 2024

Gerdau Macsteel, Inc. 401(k) Plan

Data updated 2026-08-25

$66M
Total assets Below avg plan size
960
Participants Near avg headcount
87th
Percentile by assets National rank
$69,180
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Gerdau Macsteel Savings Plan for Bargaining Employees · Sponsored by Gerdau Macsteel, Inc. · Michigan · Manufacturing

$66M in assets, 960 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Savings Plan for Bargaining Employees reported $66M in total assets and 960 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #14,464 in Manufacturing (17,777 peers)

Where Gerdau Macsteel Savings Plan for Bargaining Employees sits by assets

Gerdau Macsteel Savings Plan for Bargaining Employees sits in the top quartile of all filed plans by assets, $66M for 960 participants (~$69,180/participant), up 10.6% in 2024.

#14,464
in Manufacturing (17,777 peers)
+10.6%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Gerdau Macsteel Savings Plan for Bargaining Employees's outsized position by total assets

Gerdau Macsteel Savings Plan for Bargaining Employees vs every filed plan by assets

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

$66,413,260 Top 13% higher than 87% 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 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 Savings Plan for Bargaining Employees sits mid-pack in the medium band (960 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Macsteel Savings Plan for Bargaining Employees reported net income fell from $10M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Gerdau Macsteel Savings Plan for Bargaining Employees end-of-year assets rose from $60M in the plan year 2023 filing to $66M in the plan year 2024 filing.
  • Gerdau Macsteel Savings Plan for Bargaining Employees reported participants rose from 931 in the plan year 2023 filing to 960 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 for Bargaining Employees · $66M · 960 · 87th

  • RANK $66M
  • RANK 960
  • RANK 87th
  • RANK 401(k)
  • RANK near Burns Engineering, Inc. 401(k) Profit Sharing Plan
  • RANK ind #14464

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 for Bargaining Employees in the asset neighbourhood

Idt 401(k) Plan$66MAdvanced Lighting Technologies 401(k) Retirement and Savings PlanAdvanced Lighting Technologi…$66MVan Hoof Companies Retirement and Savings PlanVan Hoof Companies Retiremen…$66MGerdau Macsteel Savings Plan for Bargaining EmployeesGerdau Macsteel Savings Plan…$66MBurns Engineering, Inc. 401(k) Profit Sharing PlanBurns Engineering, Inc. 401(…$66M
End-of-year total assets ($M) among Gerdau Macsteel Savings Plan for Bargaining Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$66M
Net Income$7M
Employer EIN381872178
Plan Effective Date1989-01-01
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 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gerdau Macsteel Savings Plan for Bargaining Employees vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Gerdau Macsteel Savings Plan for Bargaining Employees, Total assets ($B): 0.06641326 · Participants: 960Gerdau Macsteel Savings Plan for Bargaining EmployeesGeneral 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 for Bargaining Employees vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gerdau Macsteel Savings Plan for Bargaining Employees side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Burns Engineering, Inc. 401(k) Profit Sharing Plan in PA ($66M); by covered participants it is Hrl Retirement Savings Plan for Non-Bargained Employees in CA (960 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (960 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 for Bargaining Employees assets move in 2024? ▼
Gerdau Macsteel Savings Plan for Bargaining Employees grew at a solid clip - up 10.6% during 2024, from $60M to $66M. Reported net income was $7M.
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 for Bargaining Employees rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Savings Plan for Bargaining Employees ranks in the 87th 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 401(k) plans are similar in size to Gerdau Macsteel Savings Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by assets is Burns Engineering, Inc. 401(k) Profit Sharing Plan in PA ($66M, 334 participants).
Which 401(k) plans cover a similar participant headcount to Gerdau Macsteel Savings Plan for Bargaining Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Hrl Retirement Savings Plan for Non-Bargained Employees in CA (960 participants, $335M 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.