Defined Benefit (Pension) · DOL Form 5500 · 2024

Gerdau Ameristeel US Inc. Pension Plan

Data updated 2026-08-11

$41M
Total assets: 43
Participants: 82nd
Percentile by assets: $956,425
Avg per participant

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.

82nd percentile by assets (of 123,622 plans)
#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.

$41M
total plan assets (2024 EOY): 43
covered participants: 82nd
percentile by assets (of 123,622 plans): $956,425
avg assets per participant

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 →

State

Florida

Industry

Manufacturing

Gerdau Ameristeel US Pension Plan for Union Employees vs the 2024 asset distribution

By assets, Gerdau Ameristeel US Pension Plan for Union Employees outranks 82% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$41M
Net Assets (End of Year)	$41M
Net Income	$472K
Employer EIN	590792436
Plan Effective Date	2004-11-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Gerdau Ameristeel US Inc.)

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 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

L3harris Technologies Consolidated Pension Plan $7.6B · 4,996
Nextera Energy, Inc. Employee Pension Plan $5.3B · 14,419
Retirement Accumulation Plan for Partners of Pwc $2.7B · 3,950
Csx Pension Plan $2.3B · 2,293
Retirement Benefit Accumulation Plan for Employees of Pwc $1.9B · 5,001

Compare Gerdau Ameristeel US Pension Plan for Un… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Gerdau Ameristeel US Pension Plan for Union Employees by total assets, not by location.

Sappi North America, Inc. Cumberland Mills Hourly Employees' Retirement Plan (MA) $41M · 135
Pension Plan for Bargaining Unit Employees of Nextiraone LLC (PA) $41M · 8
Retirement Plan for Employees of Cambrex Corporation (NJ) $41M · 29
Stoel Rives LLP Cash Balance Plan (OR) $41M · 192

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).

Next read for Gerdau Ameristeel US Pension Plan for Un…

Scale reading

Ways to act on Gerdau Ameristeel US Pension Plan for Union Employees's numbers.

By total assets, Gerdau Ameristeel US Pension Plan for Union Employees ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.