Who sponsors the Michaels Stores, Inc. Employees 401(K) Plan?

Michaels Stores, Inc. Employees 401(K) Plan is reported as sponsored by Michaels Stores, Inc. (EIN 75-1943604, plan number 001) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Michaels Stores, Inc. Employees 401(K) Plan?

The latest Form 5500 filing year loaded for Michaels Stores, Inc. Employees 401(K) Plan is 2023.

How many participants does Michaels Stores, Inc. Employees 401(K) Plan report?

Michaels Stores, Inc. Employees 401(K) Plan reports 23,215 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Michaels Stores, Inc. Employees 401(K) Plan?

Michaels Stores, Inc. Employees 401(K) Plan reports $307,002,488 in end-of-year plan assets in its latest loaded Form 5500 filing.

Michaels Stores, Inc. Employees 401(K) Plan — Form 5500 plan (Michaels Stores, Inc.)

Plain-English plan 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, Michaels Stores, Inc. Employees 401(K) Plan is a benefit plan reported by Michaels Stores, Inc. under EIN 75-1943604 and plan number 001. The latest loaded filing year is 2023. The filing reports 23,215 participants and $307,002,488 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$307MPlan net assets, end of year$307,002,488

Participants23.2KCovered participants reported23,215

Assets / participant$13.2KComputed: assets ÷ participants$13,224 (computed)

Provider compensation$450.8K2 Schedule C provider row(s)$450,806

Plan sponsor: Michaels Stores, Inc.
EIN: 75-1943604
Plan number: 001
Plan type: 2
Location: Irving, TX
Latest filing year: 2023

How to read this plan profile

Net assets = total assets minus total liabilities, end of year (Schedule H/I).
Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
Schedule chips (Sch H / I / C) show which schedules each filing includes.
Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.

EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

2023
23,215 participants · 2Sch HSch C
View filing →

Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$307M total assets

Net assets$307MLiabilities$0

Money in vs. money out

Total income / additions$76.1M

Total expenses$37.3M

Benefits paid / distributions$36.6M

Contributions

Employer$8.9M

Participant$18.3M

Full reported line items

Net assets

Total assets (EOY): $307,002,488
Total liabilities (EOY): $0
Net assets (EOY): $307,002,488
Net assets (BOY): $268,177,032

Income & contributions

Employer contributions: $8,862,080
Participant contributions: $18,349,421
Total contributions: $30,767,404
Total income / additions: $76,115,586

Expenses & distributions

Benefits paid: $36,559,862
Administrative expenses: $430,428
Total expenses: $37,290,130
Net increase / (decrease): $38,825,456

Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)

33%67%

Employer 33%Participant 67%

Total expenses ÷ net assets12%Computed ratio

Benefits paid ÷ total income48%Computed ratio

Provider comp. ÷ net assets0%Computed ratio

Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

1
The Vanguard Group, Inc.$402.8K
NONE · Direct $402.8K · Indirect $0
2
Mercer Investments LLC$48K
NONE · Direct $48K

What to inspect next

Frequently asked questions

Who sponsors the Michaels Stores, Inc. Employees 401(K) Plan?: Michaels Stores, Inc. Employees 401(K) Plan is reported as sponsored by Michaels Stores, Inc. (EIN 75-1943604, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Michaels Stores, Inc. Employees 401(K) Plan?: The latest Form 5500 filing year loaded for Michaels Stores, Inc. Employees 401(K) Plan is 2023.
How many participants does Michaels Stores, Inc. Employees 401(K) Plan report?: Michaels Stores, Inc. Employees 401(K) Plan reports 23,215 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Michaels Stores, Inc. Employees 401(K) Plan?: Michaels Stores, Inc. Employees 401(K) Plan reports $307,002,488 in end-of-year plan assets in its latest loaded Form 5500 filing.

Form 5500 terms, in plain English

Form 5500: The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H: The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I: The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C: Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets: Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions: Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.