Plan Snapshot
- Plan Sponsor: Gerdau Macsteel, INC.
- Sponsor EIN: 381872178
- Sponsor Address: 5591 MORRILL RD, JACKSON, MI, 49201
- Plan Type: 401(k)
- Total Participants: 569
- Total Assets: $112.9M
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 | 569 | $112.9M | $2.9M | $4.5M |
| 2023 | 505 | $96.7M | $2.9M | $4.3M |
| 2022 | 495 | $84.8M | $2.7M | $4.1M |
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 | $65,188 | $67,163 | $750 | — | — |
| 2023 | $76,849 | $92,341 | $600 | — | — |
| 2022 | $77,576 | — | — | — | — |