Plan Snapshot
- Plan Sponsor: Gerdau Ameristeel Us INC.
- Sponsor EIN: 590792436
- Sponsor Address: 4221 W. BOY SCOUT BLVD., TAMPA, FL, 336073328
- Plan Type: Health & Welfare
- Plan Number: 511
- Total Participants: 0
- Total Assets: $22,547
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $22,547 | $290,000 | $72,097 |
| 2023 | 0 | $15,714 | $300,000 | $91,070 |
| 2022 | 0 | $113,640 | $100,000 | $179,719 |
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 |
|---|---|---|---|---|
| MERCER HEALTH & BENEFITS LLC | Other Service Provider | $24,278 | — | $24,278 |
| BLUECROSS BLUESHIELD OF ILLINOIS | Other Service Provider | $22,462 | — | $22,462 |
| EXPRESS SCRIPTS | Other Service Provider | $7,561 | — | $7,561 |
| PRINCIPAL | Other Service Provider | $5,500 | — | $5,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,801
- Estimated Expense Ratio: 265.228% 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 | $351,604 | — | — | — | — |
| 2023 | $497,003 | — | — | — | — |
| 2022 | $350,904 | — | — | — | — |