Gerdau Macsteel Pension Plan For Bargaining Employees — Form 5500 plan (Gerdau Macsteel, Inc.)
Plain-English plan 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, Gerdau Macsteel Pension Plan For Bargaining Employees is a benefit plan reported by Gerdau Macsteel, Inc. under EIN 38-1872178 and plan number 022. The latest loaded filing year is 2023. The filing reports 1,059 participants and $72,927,088 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$72.9MPlan net assets, end of year$72,888,969
Participants1.1KCovered participants reported1,059
Assets / participant$68.9KComputed: assets ÷ participants$68,864 (computed)
Provider compensation$481.8K6 Schedule C provider row(s)$481,806
- Plan sponsor
- Gerdau Macsteel, Inc.
- EIN
- 38-1872178
- Plan number
- 022
- Plan type
- 2
- Location
- Tampa, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,059 | H, C | 20241118100936NAL0001242481001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$72.9M total assets
Net assets$72.9MLiabilities$38.1K
Full reported line items
Net assets
- Total assets (EOY)
- $72,927,088
- Total liabilities (EOY)
- $38,119
- Net assets (EOY)
- $72,888,969
- Net assets (BOY)
- $64,866,308
Income & contributions
- Employer contributions
- $3,738,000
- Total contributions
- $3,738,000
- Total income / additions
- $12,836,604
Expenses & distributions
- Benefits paid
- $3,647,384
- Administrative expenses
- $1,166,559
- Total expenses
- $4,813,943
- Net increase / (decrease)
- $8,022,661
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Bank Of America Merrill Lynch | INVESTMENT MANAGER | $281,494 | $0 | 2023 |
| Aon Consulting Inc. | ACTUARY | $118,647 | not reported in the loaded dataset | 2023 |
| Logos Pension Group Inc. | RECORD KEEPING | $28,010 | not reported in the loaded dataset | 2023 |
| Grant Thornton, Llp | ACCOUNTANT | $27,263 | not reported in the loaded dataset | 2023 |
| Principal Trust Company | TRUSTEE | $20,642 | not reported in the loaded dataset | 2023 |
| Usi Consulting Group | CONSULTANT | $5,750 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Gerdau Macsteel, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Tampa, FL
- Bank Of America Merrill Lynch — Schedule C compensation
- Aon Consulting Inc. — Schedule C compensation
- Logos Pension Group Inc. — Schedule C compensation
- Grant Thornton, Llp — Schedule C compensation
- Principal Trust Company — Schedule C compensation
- Usi Consulting Group — Schedule C compensation