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: 3,508
- Total Assets: $746.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 3,508 | $746.1M | $19.4M | $27.4M |
| 2023 | 3,321 | $678.1M | $18.9M | $26.5M |
| 2022 | 3,213 | $579.3M | $17.2M | $24.6M |
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 | $44,275 | — | $44,275 |
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: $44,275
- Estimated Expense Ratio: 0.006% of plan assets
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 | $687,463 | $705,589 | — | $44,275 | — |
| 2023 | $520,724 | $496,212 | $900 | — | — |
| 2022 | $488,006 | — | — | — | — |