401(k) · DOL Form 5500 · 2024

Michaels Stores, Inc. 401(k) Plan

Data updated 2026-08-25

$337M
Total assets Above avg plan size
4,593
Participants Above avg headcount
96th
Percentile by assets National rank
$73,417
Avg per participant Below avg balance/head
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Official DOL plan name: Michaels Stores, Inc. Employees 401(k) Plan · Sponsored by Michaels Stores, Inc. · Texas · Retail Trade

$337M in assets, 4,593 participants

Michaels Stores, Inc.'s Michaels Stores, Inc. Employees 401(k) Plan reported $337M in total assets and 4,593 participants in its 2024 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.

  • #7,857 in Retail Trade (8,048 peers)

Coverage in Texas

Michaels Stores, Inc. Employees 401(k) Plan covers 4,593 participants in Texas, 6.7x the typical Texas plan (state average ~688 per filing). Assets: $337M.

#7,857
in Retail Trade (8,048 peers)
+9.8%
assets growth YoY
3.4×
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 2024 · DOL Form 5500

$337,204,588 Top 4% higher than 96% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Michaels Stores, Inc. Employees 401(k) Plan lands in the large band (4,593 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Michaels Stores, Inc. Employees 401(k) Plan reported participants fell from 21,202 in the plan year 2023 filing to 4,593 in the plan year 2024 filing.
  • Michaels Stores, Inc. Employees 401(k) Plan reported net income fell from $39M in the plan year 2023 filing to $30M in the plan year 2024 filing.
  • Michaels Stores, Inc. Employees 401(k) Plan end-of-year assets rose from $307M in the plan year 2023 filing to $337M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 751943604 · Michaels Stores, Inc. PY 2024 · 401(k)

Michaels Stores, Inc. Employees 401(k) Plan · $337M · 4,593 · 96th

  • IND $337M
  • EOY 4,593
  • 5500 96th
  • ASSETS 401(k)
  • PCT near Spectrum Brands 401(k) Retirement Savings Plan
  • EIN ind #7857

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

Johnson Brothers 401(k) Plan$337MSpectrum Brands 401(k) Retirement Savings PlanSpectrum Brands 401(k) Retir…$337MMichaels Stores, Inc. Employees 401(k) PlanMichaels Stores, Inc. Employ…$337MNestle USA, Inc. Hourly Retirement Savings PlanNestle USA, Inc. Hourly Reti…$337MGlobal Atlantic Financial Company 401(k) PlanGlobal Atlantic Financial Co…$337M
End-of-year total assets ($M) among Michaels Stores, Inc. Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$307M
Net Assets (End of Year)$337M
Net Income$30M
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. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Michaels Stores, Inc. Employees 401(k) Plan, Total assets ($B): 0.337204588 · Participants: 4593Michaels Stores, Inc. Employees 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings 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 →

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 Spectrum Brands 401(k) Retirement Savings Plan in WI ($337M); by covered participants it is Kla 401(k) Plan in CA (4,593 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($337M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,593 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Michaels Stores, Inc. Employees 401(k) Plan grew at a solid clip - up 9.8% during 2024, from $307M to $337M. Reported net income was $30M.
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 123,622 plans that reported assets for plan year 2024 (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 Spectrum Brands 401(k) Retirement Savings Plan in WI ($337M, 1,691 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 Kla 401(k) Plan in CA (4,593 participants, $2.1B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.