Plan Snapshot
- Plan Sponsor: Gerdau Macsteel, INC.
- Sponsor EIN: 381872178
- Sponsor Address: 4221 W. BOY SCOUT BLVD, STE 600, TAMPA, FL, 336073328
- Plan Type: DB
- Total Participants: 488
- Total Assets: $73.6M
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 | 488 | $73.6M | $3.7M | $0 |
| 2023 | 522 | $72.9M | $3.7M | $0 |
| 2022 | 552 | $65.0M | $0 | $0 |
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 | $28,060 | — | $28,060 |
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: $28,060
- Estimated Expense Ratio: 0.038% 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 | $1,357,931 | $125,815 | — | $28,060 | — |
| 2023 | $1,166,559 | $281,494 | — | $27,624 | — |
| 2022 | $1,098,574 | — | — | — | $353,086 |