401(k) · DOL Form 5500 · 2024
Michaels Stores, Inc. 401(k) Plan
Data updated 2026-08-11
- $337M
- Total assets
- 4,593
- Participants
- 96th
- Percentile by assets
- $73,417
- Avg per participant
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.
- 96th percentile by assets (of 123,622 plans)
- #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.
- $337M
- total plan assets (2024 EOY)
- 4,593
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $73,417
- avg assets per participant
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.
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 4,593 participants - 6.7x that state average ($337M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $307M |
|---|---|
| Net Assets (End of Year) | $337M |
| Net Income | $30M |
| Employer EIN | 751943604 |
| Plan Effective Date | 1987-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michaels Stores, Inc.)
| 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 $43.1B · 109,889
- Exxonmobil Savings Plan $23.7B · 21,990
- Chevron Employee Savings Investment Plan $20.4B · 21,505
- Caterpillar 401(k) Savings Plan $18.8B · 43,873
- Southwest Airlines Co. Retirement Savings Plan $17.0B · 67,820
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.
- Spectrum Brands 401(k) Retirement Savings Plan (WI) $337M · 1,691
- Nestle USA, Inc. Hourly Retirement Savings Plan (OH) $337M · 3,779
- Johnson Brothers 401(k) Plan (MN) $337M · 3,676
- Global Atlantic Financial Company 401(k) Plan (NY) $337M · 1,567
Frequently Asked Questions
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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