401(k) · DOL Form 5500 · 2022
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-11
- $2.4B
- Total assets
- 101,253
- Participants
- 100th
- Percentile by assets
- $24,090
- Avg per participant
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.
- 100th percentile by assets (of 139,126 plans)
- #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.
- $2.4B
- total plan assets (2022 EOY)
- 101,253
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $24,090
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Best Buy Retirement Savings Plan reports 101,253 participants - 90x that state average ($2.4B EOY assets).
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.)
| 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.
Best Buy Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Best Buy Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Best Buy Retirement Savings Plan assets move in 2022? ▼
How have Best Buy Enterprise Services, Inc. plan assets changed over time? ▼
Where does Best Buy Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Best Buy Retirement Savings Plan? ▼
Next read for Best Buy Retirement Savings Plan
Filing takeaways
Ways to act on Best Buy Retirement Savings Plan's numbers.
- By total assets, Best Buy Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Best Buy Enterprise Services, Inc.'s sponsor-wide assets have grown 28.2% since 2022 across 3 plan years on file. More Retail Trade plans