# Gerdau Macsteel, INC. DB Plan
Source: https://planprovider.pro/companies/gerdau-macsteel-inc-plan-022

> Gerdau Macsteel, INC.'s DB plan: 488 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:** 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](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:** $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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/gerdau-macsteel-inc-plan-022)

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