Plan Snapshot
- Plan Sponsor: Gerdau Ameristeel Us INC.
- Sponsor EIN: 590792436
- Sponsor Address: 4221 W. BOY SCOUT BLVD, SUITE 600, TAMPA, FL, 33607
- Plan Type: 401(k)
- Total Participants: 360
- Total Assets: $54.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 360 | $54.7M | $477,477 | $851,203 |
| 2023 | 183 | $54.2M | $498,364 | $871,370 |
| 2022 | 185 | $52.2M | $488,504 | $930,559 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $23,979 | $20,729 | — | — | — |
| 2023 | $52,378 | $25,693 | — | — | — |
| 2022 | $49,101 | — | — | — | — |