2023 Form 5500 filing — The Michaels Organization 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250114081205NAL0011428947001) for The Michaels Organization 401(K) Plan, reported by The Michaels Organization, LLC under EIN 47-4070382 and plan number 001. It reports 2,470 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250114081205NAL0011428947001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Michaels Organization, LLC
- EIN
- 47-4070382
- Plan number
- 001
- Location
- Camden, NJ
- Participants
- 2,470
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $85,209,207
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $85,209,207
- Employer contributions
- $4,585,413
- Participant contributions
- $7,152,592
- Total income / additions
- $24,125,773
- Benefits paid
- $8,067,669
- Administrative expenses
- $220,355
- Total expenses
- $8,288,024
- Net increase / (decrease)
- $15,837,749
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $113,933 | $0 |
| Wells Fargo Advisors LLC | BROKER/ADVISOR | $82,850 | $0 |
| Bdo Usa, Llp | AUDITOR | $21,400 | $0 |
| Estate & Pension Advisory Board | THIRD PARTY ADMINISTRATOR | $0 | $10,000 |