GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Contribution & Employer Match
How GERDAU MACSTEEL, INC. Supports Your Retirement Savings
GERDAU MACSTEEL, INC. provides retirement savings benefits through GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Average Participant Retirement Account Value
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Estimated Average Employee Contribution Amount
242,969.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,796.00 in GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES
An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Total Employer Contribution and Match Rate
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Estimated Average Employer Match
Investing in this additonal $1,573.00 for 20 years would give you extra $100,696.00, assuming a 10% annual return.
* Data are from public filings.
Are You Leaving Dollars on the Table?
If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.
Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Contribution & Match Policy
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Contribution, Match and Other Plan Policies
- Participants may elect to contribute up to 50% of their eligible compensation, on either a pre-tax or after-tax basis, as defined by the Plan, subject to certain Internal Revenue Code ("IRC") limitations.
- Additionally, as of January 1, 2012, the Company shall match 100% of the first 3% of pre-tax eligible compensation that a participant contributes to the Plan.
- Additionally, as of April 1, 2012, the Company shall match 100% of the first 3% of pre-tax eligible compensation that a participant contributes to the Plan.
- Additionally, as of February 1, 2013, the Company will match 100% of the first 2% of pre-tax eligible compensation that a participant contributed to the Plan.
- Participants are vested immediately in their contributions plus actual earnings or losses thereon.
- Vesting in the Company’s matching and profit sharing contributions for employees is 20% for each year of credited service and fully vests after five years.
- Upon death, retirement, or total and permanent disability, the participant or beneficiary becomes immediately fully vested in the Company’s matching and profit sharing contributions.
GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES Maximum Employer Match Calculator
This calculator helps participants of GERDAU MACSTEEL SAVINGS PLAN FOR BARGAINING EMPLOYEES to calculate the minimal bi-weekly contribution that would generate the maximum employer match allowed. It takes into account IRS annual contribution limits. Please update the annual contribution limits below if they are outdated.
2025 IRS 401(k) Contribution Limits
The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:
| 2024 | 2025 | |
|---|---|---|
| Employee elective deferrals (pretax + Roth) | $23,000 | $23,500 |
| Employee + employer contributions combined | $69,000 | $70,000 |
| Catch-up contributions (age 50+) | $7,500 | $7,500 |
| Enhanced catch-up (ages 60–63, SECURE 2.0) | N/A | $11,250 |
The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.
Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.
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