401(k) · DOL Form 5500 · 2022
Michaels Stores, Inc. 401(k) Plan
Data updated 2026-08-11
- $268M
- Total assets
- 15,648
- Participants
- 97th
- Percentile by assets
- $17,138
- Avg per participant
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.
- 97th percentile by assets (of 139,126 plans)
- #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.
- $268M
- total plan assets (2022 EOY)
- 15,648
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $17,138
- avg assets per participant
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.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Michaels Stores, Inc. Employees 401(k) Plan reports 15,648 participants - 23x that state average ($268M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $316M |
|---|---|
| Net Assets (End of Year) | $268M |
| Net Income | -$48M |
| Employer EIN | 751943604 |
| Plan Effective Date | 1987-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michaels Stores, Inc.)
| 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
- AT&T Retirement Savings Plan $37.6B · 144,503
- Exxonmobil Savings Plan $21.3B · 23,619
- Caterpillar 401(k) Savings Plan $13.8B · 38,538
- American Airlines, Inc. 401(k) Plan $12.8B · 85,577
- Dell Inc. 401(k) Plan $12.0B · 47,532
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 (401(k), $337M, 4,593 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Michaels Stores, Inc. Employees 401(k) Plan by total assets, not by location.
- Dodge & Cox Profit Sharing Plan and Trust (CA) $268M · 312
- Imerys USA 401(k) Plan (GA) $268M · 1,582
- Edison Chouest Offshore Retirement Plan (LA) $268M · 3,473
- Zayo Group Holdings, Inc. 401(k) Plan (CO) $268M · 2,828
Frequently Asked Questions
How did Michaels Stores, Inc. Employees 401(k) Plan assets move in 2022? ▼
How have Michaels Stores, Inc. plan assets changed over time? ▼
Where does Michaels Stores, Inc. Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Michaels Stores, Inc. Employees 401(k) Plan's numbers.
- By total assets, Michaels Stores, Inc. Employees 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- Michaels Stores, Inc.'s sponsor-wide assets have grown 25.7% since 2022 across 3 plan years on file. More Retail Trade plans