401(k) · DOL Form 5500 · 2023

Michaels Stores, Inc. 401(k) Plan

Data updated 2026-08-25

$307M
Total assets Above avg plan size
21,202
Participants Very large workforce
96th
Percentile by assets National rank
$14,480
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

$307M in assets, 21,202 participants

Michaels Stores, Inc.'s Michaels Stores, Inc. Employees 401(k) Plan reported $307M in total assets and 21,202 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,222 in Retail Trade (8,414 peers)

Coverage in Texas

Michaels Stores, Inc. Employees 401(k) Plan covers 21,202 participants in Texas, 31x the typical Texas plan (state average ~688 per filing). Assets: $307M.

#8,222
in Retail Trade (8,414 peers)
+14.5%
assets growth YoY
3.1×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$307,002,488 Top 4% higher than 96% of 127,068 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 2023

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

Plan-year 2023 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 (21,202 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Michaels Stores, Inc. Employees 401(k) Plan reported net income rose from -$48M in the plan year 2022 filing to $39M in the plan year 2023 filing.
  • Michaels Stores, Inc. Employees 401(k) Plan reported participants rose from 15,648 in the plan year 2022 filing to 21,202 in the plan year 2023 filing.
  • Michaels Stores, Inc. Employees 401(k) Plan end-of-year assets rose from $268M in the plan year 2022 filing to $307M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 751943604 · Michaels Stores, Inc. PY 2023 · 401(k)

Michaels Stores, Inc. Employees 401(k) Plan · $307M · 21,202 · 96th

  • IND $307M
  • EOY 21,202
  • 5500 96th
  • ASSETS 401(k)
  • PCT near Ecs Federal, LLC 401(k) Plan
  • EIN ind #8222

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

401(k) Plan for Salaried Employees of Dole Food Company, Inc. and Participating Divisions and Subsidiaries401(k) Plan for Salaried Emp…$307MMichaels Stores, Inc. Employees 401(k) PlanMichaels Stores, Inc. Employ…$307MEcs Federal, LLC 401(k) Plan$307MMusco Profit Sharing and Employee Savings PlanMusco Profit Sharing and Emp…$307MDigital Insurance, LLC 401(k) PlanDigital Insurance, LLC 401(k…$307M
End-of-year total assets ($M) among Michaels Stores, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$268M
Net Assets (End of Year)$307M
Net Income$39M
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. 050000100000150000 -1001020304050 Total assets ($B) Participants Michaels Stores, Inc. Employees 401(k) Plan, Total assets ($B): 0.307002488 · Participants: 21202Michaels Stores, Inc. Employees 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell 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 $307M in end-of-year assets across 21,202 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.023% of 93,925,755 covered participants) - about $14,480 per participant (10% of the national average assets-per-participant) . Net income for plan year 2023 was $39M.

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 Open filing
2023 21,202 $307M This page
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 Ecs Federal, LLC 401(k) Plan in VA ($307M); by covered participants it is Wellspan 403(b) Retirement Savings Plan in PA (21,201 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (21,202 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Michaels Stores, Inc. Employees 401(k) Plan grew at a solid clip - up 14.5% during 2023, from $268M to $307M. Reported net income was $39M.
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 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Ecs Federal, LLC 401(k) Plan in VA ($307M, 3,438 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 Wellspan 403(b) Retirement Savings Plan in PA (21,201 participants, $2.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.