# Michaels Stores, INC. 401(k) Plan
Source: https://planprovider.pro/companies/michaels-stores-inc-401k-plan

> Michaels Stores, INC.'s 401(k) plan: 27,613 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Michaels Stores, INC.

- **Sponsor EIN:** 751943604

- **Sponsor Address:** 3939 W. JOHN CARPENTER FRWY, IRVING, TX, 75063

- **Plan Type:** 401(k)

- **Total Participants:** 27,613

- **Total Assets:** $337.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|27,613|$337.2M|$10.4M|$20.9M|

| 2023|4,593|$307.0M|$8.9M|$18.3M|

| 2022|21,202|$268.2M|$9.1M|$20.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WEAVER AND TIDWELL, L.L.P.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WEAVER AND TIDWELL, L.L.P.](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$877,752|$243,038|$188,164|—|—|

| 2023|$430,428|—|—|—|—|

| 2022|$336,770|—|—|—|—|

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