We investigate an effective model for the finite-temperature symmetry-
restoration phase transition of the electroweak theory. It is obtained
by dimensional reduction of the (3 + 1)-dimensional full theory and b
y subsequent integration over all static gauge degrees of freedom. The
resulting theory corresponds to a 3-dimensional 0(4) ferromagnet cont
aining cubic and quartic terms of the field in its potential function.
Possible nonperturbative effects of a magnetic screening mass are par
ametrically included in the potential, We analyse the theory using mea
n-field and numerical Monte Carlo (MC) simulation methods. At the valu
e of the physical Higgs mass, m(H) = 37 GeV, considered in the present
investigation, we find a discontinuous symmetry-restoring phase trans
ition, We determine the critical temperature, order parameter jump, in
terface tension and latent heat characteristics of the transition. The
Monte Carlo results indicate a somewhat weaker first-order phase tran
sition as compared to the mean-field treatment, demonstrating that non
-perturbative fluctuations of the Higgs field are relevant, This effec
t is especially important for the interface tension. Any observation o
f hard first-order transition could result only from non-perturbative
effects related to the gauge degrees of freedom.