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Original filing (PDF)20251105103009NAL0010681841001
MICHAELS STORES, INC.
Form 5500
FILING_RECEIVED
MICHAELS STORES, INC. EMPLOYEES 401(K) PLAN
401(k) retirement plan
Active participants
27,613
Accounts w/ balance
6,471
Plan assets (EOY)
$337.2M
Net assets (EOY)
$337.2M
How this plan invests
This plan
21 pooled trusts
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
65
Knocking points off
- 19 bps in Schedule C fees — 91% above peer band of 10 bps.
- Only 23% as many balances as active participants — suggests many active employees aren't deferring.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MICHAELS STORES, INC..
Plan sponsor
Name
MICHAELS STORES, INC.
EIN
75-1943604
Address
3939 W. JOHN CARPENTER FRWY · IRVING, TX · 75063
Phone
(972) 409-1300
Industry
Retail Tradesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-11-05
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2H · Partial participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
WEAVER AND TIDWELL, L.L.P.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA INSTITUTIONAL PLAN SERVICES | 04-3516284 | — | RECORDKEEPER | $344K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS | 02-0488491 | — | INVESTMENT ADVISOR | $34K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER INVESTMENTS LLC | 30-0282430 | — | NONE | $258K | — |
| THE VANGUARD GROUP | 23-1945930 | — | NONE | $8K | — |
Investments
5 direct securities · 21 pooled funds· $447.4M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$329.9M
21 holdings
Uncategorized
$117.5M
5 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| State Steet Funds SS S&P 500 Index SL Series II | — | — | — | $101.6M | 30.1% | |
| SS S&P 500 INDEX SL SERIES II STATE STEET FUNDS · EIN 04-0025081 / PN 078 | Common Collective Trust | — | — | $101.6M | 30.1% | |
| INVESCO STABLE VALUE TRUST CLA INVESCO FUNDS · EIN 46-3793325 / PN 001 | Common Collective Trust | — | — | $27.8M | 8.2% | |
| SS TARGET RETIREMENT 2030 SL STATE STEET FUNDS · EIN 32-6528132 / PN 023 | Common Collective Trust | — | — | $21.1M | 6.2% | |
| SS TARGET RETIREMENT 2035 SL STATE STEET FUNDS · EIN 32-6528132 / PN 024 | Common Collective Trust | — | — | $20.1M | 6.0% | |
| SS TARGET RETIREMENT 2040 SL STATE STEET FUNDS · EIN 32-6528132 / PN 025 | Common Collective Trust | — | — | $19.5M | 5.8% | |
| MERCER SMALL MID CAP STOCK FUN MERCER FUNDS · EIN 81-3183567 / PN 001 | Common Collective Trust | — | — | $18.7M | 5.6% | |
| SS TARGET RETIREMENT 2050 SL STATE STEET FUNDS · EIN 32-6528132 / PN 027 | Common Collective Trust | — | — | $18.0M | 5.3% | |
| SS TARGET RETIREMENT 2045 SL STATE STEET FUNDS · EIN 32-6528132 / PN 026 | Common Collective Trust | — | — | $16.6M | 4.9% | |
| SS RUSSELL SMALL MID CAP INDEX STATE STEET FUNDS · EIN 32-6528132 / PN 019 | Common Collective Trust | — | — | $14.4M | 4.3% | |
| MERCER DIVERSIFIED BOND FUND MERCER FUNDS · EIN 81-3188218 / PN 001 | Common Collective Trust | — | — | $12.0M | 3.5% | |
| MERCER INTERNATIONAL STOCK FUN MERCER FUNDS · EIN 81-3158100 / PN 001 | Common Collective Trust | — | — | $11.8M | 3.5% | |
| SS GLOBAL ALL CAP EQ EX US IND STATE STEET FUNDS · EIN 90-0337987 / PN 444 | Common Collective Trust | — | — | $10.8M | 3.2% | |
| SS TARGET RETIREMENT 2025 SL STATE STEET FUNDS · EIN 32-6528132 / PN 022 | Common Collective Trust | — | — | $9.9M | 2.9% | |
| SS TARGET RETIREMENT 2055 SL STATE STEET FUNDS · EIN 32-6528132 / PN 028 | Common Collective Trust | — | — | $7.9M | 2.4% | |
| State Steet Funds SS Target Retirement | — | — | — | $5.0M | 1.5% | |
| SS TARGET RETIREMENT STATE STEET FUNDS · EIN 32-6528132 / PN 030 | Common Collective Trust | — | — | $5.0M | 1.5% | |
| Varying maturity dates and interest, * Notes receivable from participants rates ranging from 4.50% - 9.50% - | — | — | — | $4.9M | 1.5% | |
| SS TARGET RETIREMENT 2020 SL STATE STEET FUNDS · EIN 32-6528132 / PN 021 | Common Collective Trust | — | — | $4.6M | 1.4% | |
| SS TARGET RETIREMENT 2060 SL STATE STEET FUNDS · EIN 32-6528132 / PN 029 | Common Collective Trust | — | — | $4.2M | 1.3% | |
| State Steet Funds SS U.S. Bond Index SL Series | — | — | — | $4.2M | 1.3% | |
| SS U.S. BOND INDEX SL SERIES STATE STEET FUNDS · EIN 90-0337987 / PN 477 | Common Collective Trust | — | — | $4.2M | 1.3% | |
| Vanguard Federal Money Market Mutual fund - | — | — | — | $1.8M | 0.5% | |
| SS TARGET RETIREMENT 2065 SL STATE STEET FUNDS · EIN 32-6528132 / PN 045 | Common Collective Trust | — | — | $1.5M | 0.5% | |
| SS REAL ASSET NON LENDING CL C STATE STEET FUNDS · EIN 90-0337987 / PN 001 | Common Collective Trust | — | — | $196K | <0.1% | |
| VFTC RETIREMENT SAVINGS TRUST III VANGUARD FIDUCIARY TRUST COMPANY · EIN 38-7041744 / PN 024 | Common Collective Trust | — | — | $0 | <0.1% |