# Gerdau Ameristeel Us INC. 401(k) Plan
Source: https://planprovider.pro/companies/gerdau-ameristeel-us-inc-401k-plan-005

> Gerdau Ameristeel Us INC.'s 401(k) plan: 3,508 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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