Gerdau Macsteel 401(k) match, vesting and fees
What Gerdau Macsteel's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Grant Thornton LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Gerdau Macsteel: employer contribution per participant | $1,629 | |
| Peer median | $2,413 |
| Gerdau Macsteel: average balance | $61,722 | |
| Peer median | $86,456 |
| Gerdau Macsteel: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $65M at the end of plan year 2021 to $66.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,150 | $66.4M | $1.8M | $1,629 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 1,114 | $60M | $1.4M | $1,333 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 1,074 | $50.2M | $1.7M | $1,807 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 1,057 | $65M | $1M | $1,152 | 0.07% | Not published | Form 5500 ↗ |
Other Gerdau Macsteel plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Gerdau Macsteel Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Grant Thornton LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Gerdau Macsteel Pension Plan for Bargaining Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Logos Pension Group Inc. | Schedule C ↗ |
| Independent auditor | Grant Thornton LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Gerdau Macsteel Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Logos Pension Group Inc. | 2024 Schedule C ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
The recordkeeper is from the plan year 2024 filing, the latest that names one. The other rows are from the plan year 2025 filing.
Common questions
Does Gerdau Macsteel match 401(k) contributions?
The match terms for the Gerdau Macsteel Savings Plan for Bargaining Employees have not been published from its filing yet. The plan year 2024 filing reports $1.8M in employer contributions, about $1,629 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Gerdau Macsteel 401(k) match vested?
The vesting schedule for the Gerdau Macsteel Savings Plan for Bargaining Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the Gerdau Macsteel 401(k)?
The filing names Gerdau Benefits Plans Administrative Commitee as plan administrator; it does not list a recordkeeper.
I left Gerdau Macsteel. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Gerdau Benefits Plans Administrative Commitee, (800) 637-8144). The Gerdau Macsteel old 401(k) page lists the contacts from every plan filing. Find an old Gerdau Macsteel 401(k)
Data from the public Form 5500 annual reports Gerdau Macsteel filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Gerdau Macsteel. Not financial advice. Report a correction · Methodology