Michaels Stores, Inc. 401(k) Plan: Login, Facts & Contact Information
Michaels Stores, Inc. 401(k) Login
1,710 former Michaels Stores, Inc. employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Michaels Stores, Inc. 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Nov 5, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $34.0 million went into the plan in contributions, $10.4 million of it from the employer (31%).
- $43.5 million was paid out to participants.
- Investment and other income added $40.6 million.
- Administrative expenses were $877,752, about $136 per account.
How the Michaels Stores, Inc. 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 28,512 | $267.2 million | $5.02 million | $32.6 million |
| 2020 | 32,452 | $269.8 million | $4.87 million | $58.5 million |
| 2021 | 19,624 | $315.8 million | $8.68 million | $27.6 million |
| 2022 | 17,369 | $268.2 million | $9.07 million | $30.6 million |
| 2023 | 23,215 | $307.0 million | $8.86 million | $36.6 million |
| 2024 | 6,591 | $337.2 million | $10.4 million | $43.5 million |
Michaels Stores, Inc. 401(k) Contact Information
Questions about the Michaels Stores, Inc. 401(k)
Does Michaels Stores, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $10.4 million, 31% of all contributions.
Does the Michaels Stores, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Michaels Stores, Inc 401(k) plan?
6,591 participants at the start of plan year 2024, 27,613 of them active employees, and 1,710 former employees who still had money in the plan.
What is the average 401(k) balance at Michaels Stores, Inc?
About $52,110 per account: $337.2 million in plan assets across 6,471 accounts with a balance at the end of plan year 2024.
Who manages the Michaels Stores, Inc 401(k) accounts?
Voya Financial (listed on the filing as VOYA INSTITUTIONAL PLAN SERVICES) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Michaels Stores, Inc. How do I access my 401(k)?
Your account stays with Voya Financial after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.