Plan Ledger DOL Form 5500 · updated monthly

Gerdau Ameristeel US Inc.benefits

Gerdau Ameristeel Health and Welfare Benefits Plan · TAMPA, FL · plan year 2024

Broker compensation reported · 2024
$801,727

Gerdau Ameristeel US Inc.'s benefits plans covered 5,100 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $801,727 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $157 per covered person, below the median for employer plans that report broker pay. Broker pay rose 5.3% from $761,213 in 2023.

Insurance contracts · 20247
FEDERAL INSURANCE COMPANYpremiums n/a · 5,100 covered
COMPSYCHpremiums n/a · 5,017 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life ltdpremiums n/a · 6,438 covered
VISION SERVICE PLAN · visionpremiums n/a · 4,159 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 492 covered
CONTINENTAL AMERICAN INSURANCE COMPANYpremiums n/a · 2,967 covered
VISION SERVICE PLAN INSURANCE COMPANY · visionpremiums n/a · 14 covered
Brokers & agents paid · 20241
MERCER HEALTH & BENEFITS LLC$801,727 · incl $28,920 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 590792436 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.