# The Michaels Organization Health & Welfare Plan
Source: https://planprovider.pro/companies/the-michaels-organization-474070382-501

> The Michaels Organization's Health & Welfare plan: 2,009 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Michaels Organization

- **Sponsor EIN:** 474070382

- **Sponsor Address:** TRIAD1828 CENTRE, CAMDEN, NJ, 08101

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,009

- **Total Assets:** $0

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|2,009|$0|$0|$0|

| 2023|2,036|$0|$0|$0|

| 2022|2,117|$11.5M|$15.9M|$5.4M|

## 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|

| AETNA LIFE INSURANCE COMPANY|Other Service Provider|$1,335,876|—|$1,335,876|

| ATTENTIVE HEALTH, LLC|Other Service Provider|$159,850|—|$159,850|

| LACHER & ASSOCIATES|Other Service Provider|$100,000|—|$100,000|

| WEX HEALTH INC.|Recordkeeper|$99,483|—|$99,483|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,695,209

### 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|—|—|—|—|—|

| 2023|—|—|—|—|—|

| 2022|$1,221,921|—|$843,289|—|$378,632|

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