Plan Snapshot
- Plan Sponsor: Gerdau Macsteel, INC.
- Sponsor EIN: 381872178
- Sponsor Address: 5591 MORRILL RD., JACKSON, MI, 49201
- Plan Type: 401(k)
- Total Participants: 984
- Total Assets: $66.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 984 | $66.4M | $1.8M | $4.1M |
| 2023 | 960 | $60.0M | $1.4M | $3.6M |
| 2022 | 931 | $50.2M | $1.7M | $3.7M |
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 | INVESTMENT ADVISOR | $61,750 | — | $61,750 |
| FINANCIAL ENGINES | ADVISOR | $23,030 | — | $23,030 |
| LOGOS | INVESTMENT ADVISOR | $6,840 | — | $6,840 |
| MERRILL LYNCH | INVESTMENT ADVISOR | $5,700 | — | $5,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON — INVESTMENT ADVISOR
- MERRILL LYNCH — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,320
- Estimated Expense Ratio: 0.147% 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 | $97,708 | $23,030 | $600 | $57,375 | — |
| 2023 | $58,765 | $59,611 | $450 | — | — |
| 2022 | $46,126 | — | — | — | — |