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Company:
Michaels Stores, Inc.
Plan:
Michaels Stores, Inc. Employees 401k Plan
 

Michaels Stores, Inc.

50 Plan: Michaels Stores, Inc. Employees 401k Plan

 
 
50
37
55
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (50) and the top rated plan (79) could equate to:
[How is this calculated?]
13 additional years of work
Up to $153,000 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Michaels Stores, Inc. Employees 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 50. This plan is in the top 35% of plans for Investment Menu Quality and Total Plan Cost. Michaels Stores, Inc. Employees 401k Plan currently has over 19,900 active participants and over $123.6M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 8000 Bent Branch Drive
Irving, TX 75063-6023 
Industry All Other Home Furnishings Stores
Administrator Yvonne Freeman
Net Plan Assets $124,000,000
Total Participants 20,000
Avg Account Balance $6,200

 Compare Other Companies in Peer Group

Raymours Furniture Company 56.8
IKEA North America Services, LLC 55.1
Next Day Blinds 53.8
Schottenstein Stores 52.5
The Container Store 52.3
Klaussner Furniture Industries 42.7

 Top 3 Funds in this 401k

1. Charles Schwab Stable Value Fund 27%
2. PIMCO Total Return 10%
3. SSgA S&P 500 Index 10%

  Plan Service Providers

Investment Adviser Morgan Stanley Smith Barney
Recordkeeper Charles Schwab
Investment Adviser State Street Global Advisors
Auditor Ernst & Young

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