2023 Form 5500 filing — Gerdau Macsteel Pension Plan For Bargaining Employees
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241118100936NAL0001242481001) for Gerdau Macsteel Pension Plan For Bargaining Employees, reported by Gerdau Macsteel, Inc. under EIN 38-1872178 and plan number 022. It reports 1,059 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$72.9MReported net assets$72,888,969
Participants1.1K1,059
Provider compensation$481.8K6 Schedule C row(s)$481,806
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241118100936NAL0001242481001
- Plan sponsor
- Gerdau Macsteel, Inc.
- EIN
- 38-1872178
- Plan number
- 022
- Location
- Tampa, FL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$72.9M total assets
Net assets$72.9MLiabilities$38.1K
Full reported line items
- Total assets (EOY)
- $72,927,088
- Total liabilities (EOY)
- $38,119
- Net assets (EOY)
- $72,888,969
- Employer contributions
- $3,738,000
- Total income / additions
- $12,836,604
- Benefits paid
- $3,647,384
- Administrative expenses
- $1,166,559
- Total expenses
- $4,813,943
- Net increase / (decrease)
- $8,022,661
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bank Of America Merrill Lynch | INVESTMENT MANAGER | $281,494 | $0 |
| Aon Consulting Inc. | ACTUARY | $118,647 | not reported in the loaded dataset |
| Logos Pension Group Inc. | RECORD KEEPING | $28,010 | not reported in the loaded dataset |
| Grant Thornton, Llp | ACCOUNTANT | $27,263 | not reported in the loaded dataset |
| Principal Trust Company | TRUSTEE | $20,642 | not reported in the loaded dataset |
| Usi Consulting Group | CONSULTANT | $5,750 | not reported in the loaded dataset |