# Gerdau Macsteel, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gerdau-macsteel-inc-401k-plan-012

> Gerdau Macsteel, INC.'s 401(k) plan: 569 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| FINANCIAL ENGINES|ADVISOR|$67,163|—|$67,163|

| MERRILL LYNCH|INVESTMENT ADVISOR|$6,975|—|$6,975|

| LOGOS|INVESTMENT ADVISOR|$6,750|—|$6,750|

| GRANT THORNTON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MERRILL LYNCH](https://planprovider.pro/provider/merrill-lynch) — INVESTMENT ADVISOR

- [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:** $80,888

- **Estimated Expense Ratio:** 0.072% 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|$65,188|$67,163|$750|—|—|

| 2023|$76,849|$92,341|$600|—|—|

| 2022|$77,576|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/gerdau-macsteel-inc-401k-plan-012)

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