THE MICHAELS ORGANIZATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE MICHAELS ORGANIZATION VOLUNTARY EMPLOYEE BENEFIT TRUST
| Measure | Date | Value |
|---|
| 2023 : THE MICHAELS ORGANIZATION VOLUNTARY EMPLOYEE BENEFIT TRUST 2023 401k financial data |
|---|
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-05-01 | $0 |
| Value of total assets at beginning of year | 2023-05-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-05-01 | No |
| Was this plan covered by a fidelity bond | 2023-05-01 | Yes |
| Value of fidelity bond cover | 2023-05-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-05-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-05-01 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-05-01 | No |
| Value of net income/loss | 2023-05-01 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-05-01 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-05-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-05-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-05-01 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-05-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-05-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-05-01 | No |
| Did the plan have assets held for investment | 2023-05-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-05-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-05-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-05-01 | 1 |
| Accountancy firm name | 2023-05-01 | BDO USA, P.A. |
| Accountancy firm EIN | 2023-05-01 | 135381590 |
| 2022 : THE MICHAELS ORGANIZATION VOLUNTARY EMPLOYEE BENEFIT TRUST 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-05-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-05-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-05-01 | $1,955,510 |
| Total income from all sources (including contributions) | 2022-05-01 | $0 |
| Total loss/gain on sale of assets | 2022-05-01 | $0 |
| Total of all expenses incurred | 2022-05-01 | $0 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-05-01 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-05-01 | $0 |
| Value of total assets at end of year | 2022-05-01 | $0 |
| Value of total assets at beginning of year | 2022-05-01 | $11,156,008 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-05-01 | $0 |
| Total interest from all sources | 2022-05-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-05-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-05-01 | No |
| Was this plan covered by a fidelity bond | 2022-05-01 | Yes |
| Value of fidelity bond cover | 2022-05-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-05-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-05-01 | No |
| Participant contributions at beginning of year | 2022-05-01 | $1,193,656 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-05-01 | $62,555 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-05-01 | $982,807 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-05-01 | $67,000 |
| Total non interest bearing cash at beginning of year | 2022-05-01 | $872,321 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-01 | No |
| Value of net income/loss | 2022-05-01 | $0 |
| Value of net assets at end of year (total assets less liabilities) | 2022-05-01 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-05-01 | $9,200,498 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-05-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-05-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-05-01 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-05-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-05-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-05-01 | No |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-05-01 | $301,115 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-05-01 | $1,888,510 |
| Did the plan have assets held for investment | 2022-05-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-05-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-05-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-05-01 | 1 |
| Accountancy firm name | 2022-05-01 | BDO USA, P.A. |
| Accountancy firm EIN | 2022-05-01 | 135381590 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-04-30 | $22,616 |
| Total unrealized appreciation/depreciation of assets | 2022-04-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-04-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-04-30 | $1,584,095 |
| Total income from all sources (including contributions) | 2022-04-30 | $0 |
| Total loss/gain on sale of assets | 2022-04-30 | $0 |
| Total of all expenses incurred | 2022-04-30 | $0 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-04-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-04-30 | $0 |
| Value of total assets at end of year | 2022-04-30 | $0 |
| Value of total assets at beginning of year | 2022-04-30 | $11,014,462 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-04-30 | $0 |
| Total interest from all sources | 2022-04-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-04-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-04-30 | No |
| Administrative expenses professional fees incurred | 2022-04-30 | $975,511 |
| Was this plan covered by a fidelity bond | 2022-04-30 | Yes |
| Value of fidelity bond cover | 2022-04-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-04-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-04-30 | No |
| Contributions received from participants | 2022-04-30 | $5,029,087 |
| Participant contributions at end of year | 2022-04-30 | $1,193,656 |
| Assets. Other investments not covered elsewhere at end of year | 2022-04-30 | $62,555 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-04-30 | $44,153 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-04-30 | $982,807 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-04-30 | $866,647 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-04-30 | $67,000 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-04-30 | $45,430 |
| Total non interest bearing cash at end of year | 2022-04-30 | $872,321 |
| Total non interest bearing cash at beginning of year | 2022-04-30 | $2,094,148 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-04-30 | No |
| Value of net income/loss | 2022-04-30 | $0 |
| Value of net assets at end of year (total assets less liabilities) | 2022-04-30 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-04-30 | $9,430,367 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-04-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-04-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-04-30 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-04-30 | $7,743,554 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-04-30 | $7,731,015 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-04-30 | $7,731,015 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-04-30 | $4,662,527 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-04-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-04-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-04-30 | No |
| Contributions received in cash from employer | 2022-04-30 | $16,905,084 |
| Income. Dividends from preferred stock | 2022-04-30 | $13,642 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-04-30 | $16,180,561 |
| Contract administrator fees | 2022-04-30 | $381,699 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-04-30 | $301,115 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-04-30 | $278,499 |
| Liabilities. Value of benefit claims payable at end of year | 2022-04-30 | $1,888,510 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-04-30 | $1,538,665 |
| Did the plan have assets held for investment | 2022-04-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-04-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-04-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-04-30 | Unqualified |
| Accountancy firm name | 2022-04-30 | BDO USA, LLP |
| Accountancy firm EIN | 2022-04-30 | 135381590 |
| 2021 : THE MICHAELS ORGANIZATION VOLUNTARY EMPLOYEE BENEFIT TRUST 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-04-30 | $105,422 |
| Total unrealized appreciation/depreciation of assets | 2021-04-30 | $105,422 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-04-30 | $1,584,095 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-04-30 | $1,665,525 |
| Total income from all sources (including contributions) | 2021-04-30 | $21,808,688 |
| Total loss/gain on sale of assets | 2021-04-30 | $0 |
| Total of all expenses incurred | 2021-04-30 | $20,157,563 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-04-30 | $18,938,695 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-04-30 | $21,682,919 |
| Value of total assets at end of year | 2021-04-30 | $11,014,462 |
| Value of total assets at beginning of year | 2021-04-30 | $9,444,767 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-04-30 | $1,218,868 |
| Total interest from all sources | 2021-04-30 | $319 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-04-30 | $20,028 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-04-30 | No |
| Administrative expenses professional fees incurred | 2021-04-30 | $362,318 |
| Was this plan covered by a fidelity bond | 2021-04-30 | Yes |
| Value of fidelity bond cover | 2021-04-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-04-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-04-30 | No |
| Contributions received from participants | 2021-04-30 | $4,996,442 |
| Assets. Other investments not covered elsewhere at end of year | 2021-04-30 | $44,153 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-04-30 | $102,953 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2021-04-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-04-30 | $866,647 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-04-30 | $530,270 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-04-30 | $45,430 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-04-30 | $30,000 |
| Total non interest bearing cash at end of year | 2021-04-30 | $2,094,148 |
| Total non interest bearing cash at beginning of year | 2021-04-30 | $2,419,753 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-04-30 | No |
| Value of net income/loss | 2021-04-30 | $1,651,125 |
| Value of net assets at end of year (total assets less liabilities) | 2021-04-30 | $9,430,367 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-04-30 | $7,779,242 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-04-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-04-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-04-30 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-04-30 | $7,731,015 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-04-30 | $6,218,714 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-04-30 | $6,218,714 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-04-30 | $319 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2021-04-30 | $4,683,434 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-04-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-04-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-04-30 | No |
| Contributions received in cash from employer | 2021-04-30 | $16,686,477 |
| Income. Dividends from preferred stock | 2021-04-30 | $20,028 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-04-30 | $14,255,261 |
| Contract administrator fees | 2021-04-30 | $856,550 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2021-04-30 | $278,499 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2021-04-30 | $173,077 |
| Liabilities. Value of benefit claims payable at end of year | 2021-04-30 | $1,538,665 |
| Liabilities. Value of benefit claims payable at beginning of year | 2021-04-30 | $1,635,525 |
| Did the plan have assets held for investment | 2021-04-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-04-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-04-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-04-30 | Unqualified |
| Accountancy firm name | 2021-04-30 | BDO USA, LLP |
| Accountancy firm EIN | 2021-04-30 | 135381590 |
