The Michaels Organization 401(K) Plan — Form 5500 plan (The Michaels Organization, LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Michaels Organization 401(K) Plan is a benefit plan reported by The Michaels Organization, LLC under EIN 47-4070382 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,470 participants and $85,209,207 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Michaels Organization, LLC
- EIN
- 47-4070382
- Plan number
- 001
- Plan type
- 2
- Location
- Camden, NJ
- Latest filing year
- 2023
- Participants
- 2,470
- End-of-year plan assets
- $85,209,207
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,470 | H, C | 20250114081205NAL0011428947001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $85,209,207
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $85,209,207
- Net assets (BOY)
- $69,371,458
Income & contributions
- Employer contributions
- $4,585,413
- Participant contributions
- $7,152,592
- Total contributions
- $12,644,425
- Total income / additions
- $24,125,773
Expenses & distributions
- Benefits paid
- $8,067,669
- Administrative expenses
- $220,355
- Total expenses
- $8,288,024
- Net increase / (decrease)
- $15,837,749
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $113,933 | $0 | 2023 |
| Wells Fargo Advisors LLC | BROKER/ADVISOR | $82,850 | $0 | 2023 |
| Bdo Usa, Llp | AUDITOR | $21,400 | $0 | 2023 |
| Estate & Pension Advisory Board | THIRD PARTY ADMINISTRATOR | $0 | $10,000 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The Michaels Organization, LLC
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Camden, NJ
- Empower Annuity Insurance Company O — Schedule C compensation
- Wells Fargo Advisors LLC — Schedule C compensation
- Bdo Usa, Llp — Schedule C compensation
- Estate & Pension Advisory Board — Schedule C compensation