Michaels Stores 401(k) match, vesting and fees
What Michaels Stores' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Voya Institutional Plan Services | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, L.L.P. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 77 defined-contribution plans in retail trade with 5,000 to 9,999 participants.
| Michaels Stores: employer contribution per participant | $1,614 | |
| Peer median | $1,272 |
| Michaels Stores: average balance | $52,110 | |
| Peer median | $49,447 |
| Michaels Stores: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $316M at the end of plan year 2021 to $337M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 29,442 | $337M | $10.4M | $1,614 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 6,591 | $307M | $8.9M | $1,388 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 23,215 | $268M | $9.1M | $1,466 | 0.12% | Not published | Form 5500 ↗ |
| 2021 | 17,369 | $316M | $8.7M | $1,474 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Michaels Stores match 401(k) contributions?
The match terms for the Michaels Stores, Inc. Employees 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $10.4M in employer contributions, about $1,614 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Michaels Stores 401(k) match vested?
The vesting schedule for the Michaels Stores, Inc. Employees 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Michaels Stores 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Institutional Plan Services. The plan administrator is Michaels Stores, Inc..
I left Michaels Stores. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Michaels Stores, Inc., (972) 409-1300) or the recordkeeper, Voya Institutional Plan Services. The Michaels Stores old 401(k) page lists the contacts from every plan filing. Find an old Michaels Stores 401(k)
Data from the public Form 5500 annual reports Michaels Stores filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Michaels Stores. Not financial advice. Report a correction · Methodology