401(k) · DOL Form 5500 · 2023

Michaels Stores, Inc. 401(k) Plan

Data updated 2026-08-11

$307M
Total assets: 21,202
Participants: 96th
Percentile by assets: $14,480
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$307M
total plan assets (2023 EOY): 21,202
covered participants: 96th
percentile by assets (of 127,072 plans): $14,480
avg assets per participant

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 →

State

Texas

Industry

Retail Trade

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 21,202 participants - 31x that state average ($307M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)	$268M
Net Assets (End of Year)	$307M
Net Income	$39M
Employer EIN	751943604
Plan Effective Date	1987-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Michaels Stores, Inc.)

Total plan assets by year, all Michaels Stores, Inc. plans on file

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 $40.0B · 119,854
Exxonmobil Savings Plan $21.9B · 23,477
Caterpillar 401(k) Savings Plan $16.5B · 41,679
American Airlines, Inc. 401(k) Plan $14.7B · 88,792
Dell Inc. 401(k) Plan $13.5B · 45,686

Compare Michaels Stores, Inc. Employees 401(k) P… 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 (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.

Ecs Federal, LLC 401(k) Plan (VA) $307M · 3,438
401(k) Plan for Salaried Employees of Dole Food Company, Inc. and Participating Divisions and Subsidiaries (NC) $307M · 864
Musco Profit Sharing and Employee Savings Plan (IA) $307M · 1,325
Digital Insurance, LLC 401(k) Plan (GA) $307M · 3,169

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).

Next read for Michaels Stores, Inc. Employees 401(k) P…

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

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.