Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Gerdau Ameristeel US › plan 005
Gerdau Ameristeel US 401(k) Retirement Plan
- Sponsor Gerdau Ameristeel US
- Plan number 005
- Plan year 2024
- $250M-1B in assets
- single-employer
Filed as negative.Schedule H line 2i(3) is reported as -$65,149. The filing is shown as received; the derived figures below treat a negative amount as zero, and a percentile is only shown for positive values.
Total assets, end of year · Gerdau Ameristeel US 401(k) Retirement Plan · plan year 2024
$746,113,006
4,535 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.
Source
Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008143918NAL0003365379001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143918NAL0003365379001, received 2025-10-08
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.
Cost and contributions
Administrative expenses excluding investment management, per participant
$0.00
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 4,535
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008143918NAL0003365379001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143918NAL0003365379001, received 2025-10-08
Administrative expenses per participant
$151.59
Higher than 81% of the 2,405 plans $250M to 1B that report it.
Source
= $687,463 / 4,535
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008143918NAL0003365379001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143918NAL0003365379001, received 2025-10-08
Administrative expenses as a share of assets
0.092%
Higher than 62% of the 2,407 plans $250M to 1B that report it.
Source
= $687,463 / $746,113,006
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008143918NAL0003365379001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008143918NAL0003365379001, received 2025-10-08
Employer contributions per participant
$4,284
Higher than 66% of the 2,457 plans $250M to 1B that report it.
Source
= $19,426,833 / 4,535
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008143918NAL0003365379001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143918NAL0003365379001, received 2025-10-08
Employer share of total contributions
35.6%
Higher than 65% of the 2,459 plans $250M to 1B that report it.
Source
= $19,426,833 / $54,501,379
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008143918NAL0003365379001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008143918NAL0003365379001, received 2025-10-08
97.5% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($151.59 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
Plan features
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008143918NAL0003365379001, received 2025-10-08
Full record, Gerdau Ameristeel US 401(k) Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GERDAU AMERISTEEL US INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Plan name | GERDAU AMERISTEEL US 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Sponsor EIN / plan number | 59-0792436 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Sponsor location | TAMPA, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Industry (business code) | 331110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Participants, beginning of year | 4,618 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Active participants | 3,508 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Participants, end of year | 4,713 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Participants with an account balance | 4,535 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total assets, beginning of year | $678,107,842 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total assets, end of year | $746,113,006 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Net assets, end of year | $746,113,006 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total income | $161,412,674 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Net income | $67,811,804 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Employer contributions | $19,426,833 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Participant contributions | $27,412,706 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Other contributions (incl. rollovers) | $7,661,840 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total contributions | $54,501,379 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Benefit payments | $92,844,006 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $93,600,870 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Total administrative expenses | $687,463 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Recordkeeping fees | -$65,149 (filed as negative) | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| IQPA audit fees | $44,275 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Investment advisory and management fees | $705,589 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Administrative expenses excluding investment management | $0 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Held in master trusts | $727,558,628 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008143918NAL0003365379001, received 2025-10-08 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008143918NAL0003365379001, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008143918NAL0003365379001, received 2025-10-08.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FINANCIAL ENGINES | ADVISOR | 27 Investment advisory (plan) | $535,689 | no |
| LOGOS | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $94,250 | no |
| MERRILL LYNCH | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $75,650 | no |
| GRANT THORNTON LLP | INVESTMENT ADVISOR | 10 Accounting (including auditing); 27 Investment advisory (plan) | $44,275 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008143918NAL0003365379001, received 2025-10-08.
Master trust
GERDAU AMERISTEEL US SAV & US MT (EIN 590792436, PN 006): plan interest $727,558,628, 93.0% of the trust. The trust's own filing (20251008142618NAL0009960640001, received 2025-10-08) reports net assets $781,944,781, administrative expenses $0, recordkeeping fees $0, investment management fees $0 and 1 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 99 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $678,107,842 | $746,113,006 | 10.0% |
| Participants with a balance | 4,530 | 4,535 | 0.1% |
| Administrative expenses | $520,724 | $687,463 | 32.0% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $18,948,173 | $19,426,833 | 2.5% |
Prior filing 20241113100716NAL0017152433001, received 2024-11-13; the plan years are contiguous.