401(k) · DOL Form 5500 · 2023

Michels Corporation 401(k) Plan

Data updated 2026-08-25

$237M
Total assets Near avg plan size
2,141
Participants Near avg headcount
95th
Percentile by assets National rank
$110,664
Avg per participant Below avg balance/head
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Official DOL plan name: Michels Corporation 401(k) Savings Plan · Sponsored by Michels Corporation · Wisconsin · Construction

$237M in assets, 2,141 participants

Michels Corporation's Michels Corporation 401(k) Savings Plan reported $237M in total assets and 2,141 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,535 in Construction (9,030 peers)

Coverage in Wisconsin

Michels Corporation 401(k) Savings Plan covers 2,141 participants in Wisconsin, 3.8x the typical Wisconsin plan (state average ~563 per filing). Assets: $237M.

#8,535
in Construction (9,030 peers)
+20.7%
assets growth YoY
2.4×
vs typical plan assets (national mean)

Michels Corporation 401(k) Savings Plan's outsized position by total assets

Michels Corporation 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$236,931,324 Top 5% higher than 95% 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

Michels Corporation 401(k) Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michels Corporation 401(k) Savings Plan lands in the large band (2,141 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Michels Corporation 401(k) Savings Plan reported net income rose from -$29M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • Michels Corporation 401(k) Savings Plan end-of-year assets rose from $196M in the plan year 2022 filing to $237M in the plan year 2023 filing.
  • Michels Corporation 401(k) Savings Plan reported participants rose from 2,026 in the plan year 2022 filing to 2,141 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 390970311 · Michels Corporation PY 2023 · 401(k)

Michels Corporation 401(k) Savings Plan · $237M · 2,141 · 95th

  • BOY $237M
  • BOY 2,141
  • BOY 95th
  • BOY 401(k)
  • BOY near Uhy Savings Plan
  • BOY ind #8535

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 Construction retirement plans → · Plans in Wisconsin →

Michels Corporation 401(k) Savings Plan in the asset neighbourhood

Uhy Savings Plan$237MMichels Corporation 401(k) Savings PlanMichels Corporation 401(k) S…$237MConsol Energy Inc. Investment PlanConsol Energy Inc. Investmen…$237MSilicon Laboratories Inc. 401(k) PlanSilicon Laboratories Inc. 40…$237MFranklin Electric Co., Inc. Retirement PlanFranklin Electric Co., Inc. …$237M
End-of-year total assets ($M) among Michels Corporation 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$196M
Net Assets (End of Year)$237M
Net Income$41M
Employer EIN390970311
Plan Effective Date1980-01-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Michels Corporation)

Sponsor-wide plan assets over time

All Michels Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$276M 40.667939439663066% vs 2022
2024 filing year
$150M$200M$250M$300M 202220232024 $196M $276M ▲ +40.7%
Year Plans Participants Total Assets
2022 1 2,026 $196M
2023 1 2,141 $237M
2024 1 2,356 $276M

Nearby 401(k) Plans in Wisconsin

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

Michels Corporation 401(k) Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Michels Corporation 401(k) Savings Plan, Total assets ($B): 0.236931324 · Participants: 2141Michels Corporation 401(k) Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Michels Corporation 401(k) Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Michels Corporation 401(k) Savings Plan side-by-side with 3 peers →

Michels Corporation 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Uhy Savings Plan in MI ($237M); by covered participants it is Nuehealth 401(k) Retirement Plan in KS (2,141 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($237M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,141 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 Michels Corporation 401(k) Savings Plan assets move in 2023? ▼
Michels Corporation 401(k) Savings Plan grew sharply - up 20.7% during 2023, from $196M to $237M. Reported net income was $41M.
How have Michels Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michels Corporation's sponsor-wide assets grew 40.7%, from $196M to $276M.
Where does Michels Corporation 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Michels Corporation 401(k) Savings Plan ranks in the 95th 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 Michels Corporation 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Uhy Savings Plan in MI ($237M, 1,343 participants).
Which 401(k) plans cover a similar participant headcount to Michels Corporation 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nuehealth 401(k) Retirement Plan in KS (2,141 participants, $103M 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 390970311.

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.