401(k) · DOL Form 5500 · 2022
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-25
- $2.4B
- Total assets Very large vs avg
- 101,253
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $24,090
- Avg per participant Low balance/head
Official DOL plan name: Best Buy Retirement Savings Plan · Sponsored by Best Buy Enterprise Services, Inc. · Minnesota · Retail Trade
$2.4B in assets, 101,253 participants
Best Buy Enterprise Services, Inc.'s Best Buy Retirement Savings Plan reported $2.4B in total assets and 101,253 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,489 in Retail Trade (9,519 peers)
Coverage in Minnesota
Best Buy Retirement Savings Plan covers 101,253 participants in Minnesota, 90x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.4B.
- #9,489
- in Retail Trade (9,519 peers)
- -14.7%
- assets change YoY
- 24×
- vs typical plan assets (national mean)
The plan reported a net loss of $457M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Best Buy Retirement Savings Plan's outsized position by total assets
Best Buy Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,439,207,665 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Best Buy Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Best Buy Retirement Savings Plan is a mega filing (101,253 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 550805038 · Best Buy Enterprise Services, Inc. PY 2022 · 401(k)
Best Buy Retirement Savings Plan · $2.4B · 101,253 · 100th
- RANK $2.4B
- RANK 101,253
- RANK 100th
- RANK 401(k)
- RANK near The Hy-Vee and Affiliates 401(k) Plan
- RANK ind #9489
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Minnesota →
Best Buy Retirement Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $2.4B |
| Net Income | -$457M |
| Employer EIN | 550805038 |
| Plan Effective Date | 1990-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Best Buy Enterprise Services, Inc.)
Sponsor-wide plan assets over time
All Best Buy Enterprise Services, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.1B 28.207635408525167% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 101,253 | $2.4B |
| 2023 | 1 | 88,147 | $2.9B |
| 2024 | 1 | 85,980 | $3.1B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for Best Buy Retirement Savings Plan
Best Buy Retirement Savings Plan reports $2.4B in end-of-year assets across 101,253 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.11% of 93,925,755 covered participants) - about $24,090 per participant (17% of the national average assets-per-participant) . Net income for plan year 2022 was -$457M.
This plan identity (EIN 550805038, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.4B to $3.1B (+28.2%) while covered participants moved from 101,253 to 85,980 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 101,253 | $2.4B | This page |
| 2023 | 88,147 | $2.9B | Open filing |
| 2024 · index core | 85,980 | $3.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Best Buy Retirement Savings Plan (401(k), $3.1B, 85,980 participants)
Best Buy Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is The Hy-Vee and Affiliates 401(k) Plan in IA ($2.4B); by covered participants it is Staffmark/Ems 401(k) Savings Plan in OH (100,926 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.4B here).
- The Hy-Vee and Affiliates 401(k) Plan (IA) $2.4B · 59,826
- The Caci Smart Plan (VA) $2.4B · 18,339
- Sanford Retirement Savings Plan (ND) $2.4B · 30,145
- Dillard's, Inc. Investment & Employee Stock Ownership Plan (AR) $2.4B · 30,577
Similar participant headcount
Nearest other-state filings by covered participants (101,253 participants); asset peers above are excluded.
- Staffmark/Ems 401(k) Savings Plan (OH) 100,926 · 327 off
- Tenet Healthcare Corporation 401(k) Retirement Savings Plan (TX) 101,897 · 644 off
- Google LLC 401(k) Savings Plan (CA) 102,963 · 1,710 off
- Comcast Corporation Retirement - Investment Plan (PA) 97,769 · 3,484 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.