401(k) · DOL Form 5500 · 2022

Michaels Stores, Inc. 401(k) Plan

Data updated 2026-08-25

$268M
Total assets Near avg plan size
15,648
Participants Very large workforce
97th
Percentile by assets National rank
$17,138
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Michaels Stores, Inc. Employees 401(k) Plan · Sponsored by Michaels Stores, Inc. · Texas · Retail Trade

$268M in assets, 15,648 participants

Michaels Stores, Inc.'s Michaels Stores, Inc. Employees 401(k) Plan reported $268M in total assets and 15,648 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #9,336 in Retail Trade (9,519 peers)

Coverage in Texas

Michaels Stores, Inc. Employees 401(k) Plan covers 15,648 participants in Texas, 23x the typical Texas plan (state average ~688 per filing). Assets: $268M.

#9,336
in Retail Trade (9,519 peers)
-15.1%
assets change YoY
2.7×
vs typical plan assets (national mean)

The plan reported a net loss of $48M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Michaels Stores, Inc. Employees 401(k) Plan's outsized position by total assets

Michaels Stores, Inc. Employees 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$268,177,032 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Michaels Stores, Inc. Employees 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michaels Stores, Inc. Employees 401(k) Plan is a mega filing (15,648 participants), the rightmost band on the breakdown.

Form 5500 schedule snapshot

Filing strip 751943604 · Michaels Stores, Inc. PY 2022 · 401(k)

Michaels Stores, Inc. Employees 401(k) Plan · $268M · 15,648 · 97th

  • SCH $268M
  • EBSA 15,648
  • PART 97th
  • TYPE 401(k)
  • NET near Dodge & Cox Profit Sharing Plan and Trust
  • BOOK ind #9336

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Texas →

Michaels Stores, Inc. Employees 401(k) Plan in the asset neighbourhood

Zayo Group Holdings, Inc. 401(k) PlanZayo Group Holdings, Inc. 40…$268MEdison Chouest Offshore Retirement PlanEdison Chouest Offshore Reti…$268MDodge & Cox Profit Sharing Plan and TrustDodge & Cox Profit Sharing P…$268MMichaels Stores, Inc. Employees 401(k) PlanMichaels Stores, Inc. Employ…$268MImerys USA 401(k) Plan$268M
End-of-year total assets ($M) among Michaels Stores, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Texas filing particulars

Total Assets (Beginning of Year)$316M
Net Assets (End of Year)$268M
Net Income-$48M
Employer EIN751943604
Plan Effective Date1987-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michaels Stores, Inc.)

Sponsor-wide plan assets over time

All Michaels Stores, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$337M 25.739548046008654% vs 2022
2024 filing year
$250M$300M$350M 202220232024 $268M $337M ▲ +25.7%
Year Plans Participants Total Assets
2022 1 15,648 $268M
2023 1 21,202 $307M
2024 1 4,593 $337M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Michaels Stores, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 -10010203040 Total assets ($B) Participants Michaels Stores, Inc. Employees 401(k) Plan, Total assets ($B): 0.268177032 · Participants: 15648Michaels Stores, Inc. Employees 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 37.578871 · Participants: 144503AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.266 · Participants: 23619Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 13.794958016 · Participants: 38538Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 12.806443202 · Participants: 85577American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 11.969059 · Participants: 47532Dell Inc. 401(k) Plan
Michaels Stores, Inc. Employees 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Michaels Stores, Inc. Employees 401(k) Plan side-by-side with 3 peers →

Scale composition for Michaels Stores, Inc. Employees 401(k) Plan

Michaels Stores, Inc. Employees 401(k) Plan reports $268M in end-of-year assets across 15,648 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $17,138 per participant (12% of the national average assets-per-participant) . Net income for plan year 2022 was -$48M.

This plan identity (EIN 751943604, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $268M to $337M (+25.7%) while covered participants moved from 15,648 to 4,593 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 15,648 $268M This page
2023 21,202 $307M Open filing
2024 · index core 4,593 $337M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Michaels Stores, Inc. Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Dodge & Cox Profit Sharing Plan and Trust in CA ($268M); by covered participants it is Asurion, LLC 401(k) Plan in TN (15,634 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($268M here).

Similar participant headcount

Nearest other-state filings by covered participants (15,648 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Michaels Stores, Inc. Employees 401(k) Plan assets move in 2022? ▼
Michaels Stores, Inc. Employees 401(k) Plan declined sharply - down 15.1% during 2022, from $316M to $268M. Reported net income was -$48M.
How have Michaels Stores, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michaels Stores, Inc.'s sponsor-wide assets grew 25.7%, from $268M to $337M.
Where does Michaels Stores, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Michaels Stores, Inc. Employees 401(k) Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Michaels Stores, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Dodge & Cox Profit Sharing Plan and Trust in CA ($268M, 312 participants).
Which 401(k) plans cover a similar participant headcount to Michaels Stores, Inc. Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Asurion, LLC 401(k) Plan in TN (15,634 participants, $539M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 751943604.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.