401(k) · DOL Form 5500 · 2023

The Michaels Organization, LLC 401(k) Plan

Data updated 2026-08-11

$85M
Total assets
2,136
Participants
90th
Percentile by assets
$39,892
Avg per participant
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Official DOL plan name: The Michaels Organization 401(k) Plan · Sponsored by The Michaels Organization, LLC · New Jersey · Real Estate

$85M in assets, 2,136 participants

The Michaels Organization, LLC's The Michaels Organization 401(k) Plan reported $85M in total assets and 2,136 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 127,072 plans)
  • #4,585 in Real Estate (4,727 peers)

Coverage in New Jersey

The Michaels Organization 401(k) Plan covers 2,136 participants in New Jersey, 2.5x the typical New Jersey plan (state average ~844 per filing). Assets: $85M.

$85M
total plan assets (2023 EOY)
2,136
covered participants
90th
percentile by assets (of 127,072 plans)
$39,892
avg assets per participant

Where The Michaels Organization 401(k) Plan sits by total assets

The Michaels Organization 401(k) Plan vs every filed plan by assets

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

$85,209,207 Top 10% higher than 90% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Michaels Organization 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • The Michaels Organization 401(k) Plan end-of-year assets rose from $69M in the plan year 2022 filing to $85M in the plan year 2023 filing.
  • The Michaels Organization 401(k) Plan reported participants rose from 2,036 in the plan year 2022 filing to 2,136 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
New Jersey
Industry
Real Estate

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. The Michaels Organization 401(k) Plan reports 2,136 participants - 2.5x that state average ($85M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$85M
Net Income$16M
Employer EIN474070382
Plan Effective Date1985-10-31
Filing StatusFILING RECEIVED

Sponsor Plan History (The Michaels Organization, LLC)

$60M$70M$80M$90M$100M$110M 202220232024 $69.4M $100M ▲ +44.5%
Total plan assets by year, all The Michaels Organization, LLC plans on file
Year Plans Participants Total Assets
2022 1 2,036 $69M
2023 1 2,136 $85M
2024 1 2,491 $100M

Nearby 401(k) Plans in New Jersey

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

The Michaels Organization 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

The Michaels Organization 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants The Michaels Organiz…JPMorgan Chase 401(k…Verizon Savings Plan…Johnson and Johnson …Ernst & Young Retire…Merck US Savings Plan
The Michaels Organization 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare The Michaels Organization 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Michaels Organization 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did The Michaels Organization 401(k) Plan assets move in 2023? ▼
The Michaels Organization 401(k) Plan grew sharply - up 22.8% during 2023, from $69M to $85M. Reported net income was $16M.
How have The Michaels Organization, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Michaels Organization, LLC's sponsor-wide assets grew 44.5%, from $69M to $100M.
Where does The Michaels Organization 401(k) Plan rank by assets among Form 5500 filers? ▼
The Michaels Organization 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to The Michaels Organization 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Driehaus 401(k) and Profit Sharing Plan in IL ($85M, 142 participants).

Next read for The Michaels Organization 401(k) Plan

Filing takeaways

Ways to act on The Michaels Organization 401(k) Plan's numbers.

  • By total assets, The Michaels Organization 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
  • The Michaels Organization, LLC's sponsor-wide assets have grown 44.5% since 2022 across 3 plan years on file. More Real Estate 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 474070382.

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.