401(k) · DOL Form 5500 · 2024

Gerdau Ameristeel US Inc. 401(k) Plan

Data updated 2026-08-11

$55M
Total assets
183
Participants
85th
Percentile by assets
$298,981
Avg per participant
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Official DOL plan name: Gerdau Ameristeel US Savings Plan · Sponsored by Gerdau Ameristeel US Inc. · Florida · Manufacturing

$55M in assets, 183 participants

Gerdau Ameristeel US Inc.'s Gerdau Ameristeel US Savings Plan reported $55M in total assets and 183 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 123,622 plans)
  • #14,010 in Manufacturing (17,777 peers)

Coverage in Florida

Gerdau Ameristeel US Savings Plan covers 183 participants in Florida, about 29% of the average Florida filer (state average ~628 per filing). Assets: $55M.

$55M
total plan assets (2024 EOY)
183
covered participants
85th
percentile by assets (of 123,622 plans)
$298,981
avg assets per participant

Where Gerdau Ameristeel US Savings Plan sits by total assets

Gerdau Ameristeel US Savings Plan vs every filed plan by assets

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

$54,713,596 Top 15% higher than 85% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Ameristeel US Savings Plan reported net income fell from $2M in the plan year 2023 filing to $688K in the plan year 2024 filing.
  • Gerdau Ameristeel US Savings Plan reported participants fell from 185 in the plan year 2023 filing to 183 in the plan year 2024 filing.
  • Gerdau Ameristeel US Savings Plan end-of-year assets rose from $54M in the plan year 2023 filing to $55M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Florida
Industry
Manufacturing

Participants vs Florida filers

In Florida, the average filing covers about 628 participants across 6,617 plans. Gerdau Ameristeel US Savings Plan reports 183 participants - about 29% of that state average ($55M EOY assets).

Florida filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$55M
Net Income$688K
Employer EIN590792436
Plan Effective Date1968-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gerdau Ameristeel US Inc.)

$760M$780M$800M$820M$840M$860M 202220232024 $812M $842M ▲ +3.6%
Total plan assets by year, all Gerdau Ameristeel US Inc. plans on file
Year Plans Participants Total Assets
2022 4 3,953 $812M
2023 4 3,905 $780M
2024 3 3,547 $842M

Nearby 401(k) Plans in Florida

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

Gerdau Ameristeel US Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Gerdau Ameristeel US…, Total assets ($B): 0.054713596 · Participants: 183Gerdau Ameristeel US…L3harris Retirement …, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement …Savings Plan for Emp…, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Emp…Adp Totalsource Reti…, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Reti…Publix Super Markets…, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets…Nextera Energy, Inc.…, Total assets ($B): 5.484619612 · Participants: 16678Nextera Energy, Inc.…
Gerdau Ameristeel US Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Gerdau Ameristeel US Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Gerdau Ameristeel US Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Gerdau Ameristeel US Savings Plan assets move in 2024? ▼
Gerdau Ameristeel US Savings Plan edged up modestly - up 1.0% during 2024, from $54M to $55M. Reported net income was $688K.
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.
Where does Gerdau Ameristeel US Savings Plan rank by assets among Form 5500 filers? ▼
Gerdau Ameristeel US Savings Plan ranks in the 85th 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 Ameristeel US Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Curtis C. Gunn, Inc. 401(k) Plan in TX ($55M, 657 participants).

Next read for Gerdau Ameristeel US Savings Plan

Filing takeaways

Ways to act on Gerdau Ameristeel US Savings Plan's numbers.

  • By total assets, Gerdau Ameristeel US Savings Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Florida. Compare plans
  • Gerdau Ameristeel US Inc.'s sponsor-wide assets have grown 3.6% since 2022 across 3 plan years on file. More Manufacturing plans

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 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.