Defined Benefit (Pension) · DOL Form 5500 · 2024

Gerdau Ameristeel US Inc. Pension Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
43
Participants Small participant base
82nd
Percentile by assets National rank
$956,425
Avg per participant High balance/head
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Official DOL plan name: Gerdau Ameristeel US Pension Plan for Union Employees · Sponsored by Gerdau Ameristeel US Inc. · Florida · Manufacturing

$41M in assets, 43 participants

Gerdau Ameristeel US Inc.'s Gerdau Ameristeel US Pension Plan for Union Employees reported $41M in total assets and 43 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #13,245 in Manufacturing (17,777 peers)

Where Gerdau Ameristeel US Pension Plan for Union Employees sits by assets

Gerdau Ameristeel US Pension Plan for Union Employees sits in the top quartile of all filed plans by assets, $41M for 43 participants (~$956,425/participant), up 1.2% in 2024.

#13,245
in Manufacturing (17,777 peers)
+1.2%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Gerdau Ameristeel US Pension Plan for Union Employees's outsized position by total assets

Gerdau Ameristeel US Pension Plan for Union Employees vs every filed plan by assets

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

$41,126,259 Top 18% higher than 82% 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 Ameristeel US Pension Plan for Union Employees among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gerdau Ameristeel US Pension Plan for Union Employees is a small filing (43 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gerdau Ameristeel US Pension Plan for Union Employees reported net income fell from $4M in the plan year 2023 filing to $472K in the plan year 2024 filing.
  • Gerdau Ameristeel US Pension Plan for Union Employees reported participants fell from 65 in the plan year 2023 filing to 43 in the plan year 2024 filing.
  • Gerdau Ameristeel US Pension Plan for Union Employees end-of-year assets rose from $41M in the plan year 2023 filing to $41M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 590792436 · Gerdau Ameristeel US Inc. PY 2024 · Defined Benefit (Pension)

Gerdau Ameristeel US Pension Plan for Union Employees · $41M · 43 · 82nd

  • TYPE $41M
  • NET 43
  • BOOK 82nd
  • VS-ST Defined Benefit (Pension)
  • BOY near Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan
  • SCH ind #13245

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 Ameristeel US Pension Plan for Union Employees in the asset neighbourhood

Stoel Rives LLP Cash Balance PlanStoel Rives LLP Cash Balance…$41MGerdau Ameristeel US Pension Plan for Union EmployeesGerdau Ameristeel US Pension…$41MSappi North America, Inc. Cumberland Mills Hourly Employees' Retirement PlanSappi North America, Inc. Cu…$41MPension Plan for Bargaining Unit Employees of Nextiraone LLCPension Plan for Bargaining …$41MRetirement Plan for Employees of Cambrex CorporationRetirement Plan for Employee…$41M
End-of-year total assets ($M) among Gerdau Ameristeel US Pension Plan for Union 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)$41M
Net Assets (End of Year)$41M
Net Income$472K
Employer EIN590792436
Plan Effective Date2004-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gerdau Ameristeel US Inc.)

Sponsor-wide plan assets over time

All Gerdau Ameristeel US Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$842M 3.6293955758222785% vs 2022
2024 filing year
$760M$780M$800M$820M$840M$860M 202220232024 $812M $842M ▲ +3.6%
Year Plans Participants Total Assets
2022 4 3,953 $812M
2023 4 3,905 $780M
2024 3 3,547 $842M

Nearby Defined Benefit (Pension) Plans in Florida

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

Gerdau Ameristeel US Pension Plan for Union Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Gerdau Ameristeel US Pension Plan for Union Employees, Total assets ($B): 0.041126259 · Participants: 43Gerdau Ameristeel US Pension Plan for Union 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 Ameristeel US Pension Plan for Union Employees vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Ameristeel US Pension Plan for Union Employees side-by-side with 3 peers →

Gerdau Ameristeel US Pension Plan for Union Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan in MA ($41M); by covered participants it is Employees' Retirement Plan of Sterling Insurance Company in NY (43 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (43 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 Ameristeel US Pension Plan for Union Employees assets move in 2024? ▼
Gerdau Ameristeel US Pension Plan for Union Employees edged up modestly - up 1.2% during 2024, from $41M to $41M. Reported net income was $472K.
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 Pension Plan for Union Employees rank by assets among Form 5500 filers? ▼
Gerdau Ameristeel US Pension Plan for Union Employees ranks in the 82nd 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 Ameristeel US Pension Plan for Union Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan in MA ($41M, 135 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Ameristeel US Pension Plan for Union Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Retirement Plan of Sterling Insurance Company in NY (43 participants, $20M 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 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.