401(k) · DOL Form 5500 · 2023
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-11
- $2.9B
- Total assets
- 88,147
- Participants
- 100th
- Percentile by assets
- $32,371
- Avg per participant
Official DOL plan name: Best Buy Retirement Savings Plan · Sponsored by Best Buy Enterprise Services, Inc. · Minnesota · Retail Trade
$2.9B in assets, 88,147 participants
Best Buy Enterprise Services, Inc.'s Best Buy Retirement Savings Plan reported $2.9B in total assets and 88,147 participants in its 2023 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 127,072 plans)
- #8,385 in Retail Trade (8,414 peers)
Coverage in Minnesota
Best Buy Retirement Savings Plan covers 88,147 participants in Minnesota, 78x the typical Minnesota plan (state average ~1,126 per filing). Assets: $2.9B.
- $2.9B
- total plan assets (2023 EOY)
- 88,147
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $32,371
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Best Buy Retirement Savings Plan reported net income rose from -$457M in the plan year 2022 filing to $414M in the plan year 2023 filing.
- Best Buy Retirement Savings Plan end-of-year assets rose from $2.4B in the plan year 2022 filing to $2.9B in the plan year 2023 filing.
- Best Buy Retirement Savings Plan reported participants fell from 101,253 in the plan year 2022 filing to 88,147 in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Best Buy Retirement Savings Plan reports 88,147 participants - 78x that state average ($2.9B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $2.4B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | $414M |
| 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 $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for Best Buy Retirement Savings Plan
Best Buy Retirement Savings Plan reports $2.9B in end-of-year assets across 88,147 participants (0.023% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.094% of 93,925,755 covered participants) - about $32,371 per participant (23% of the national average assets-per-participant) . Net income for plan year 2023 was $414M.
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 | Open filing |
| 2023 | 88,147 | $2.9B | This page |
| 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.
- Mufg Bank Ltd. 401(k) Plan (NY) $2.9B · 5,549
- Dillard's, Inc. Investment & Employee Stock Ownership Plan (AR) $2.9B · 30,034
- Regions Financial Corporation 401(k) Plan (AL) $2.9B · 20,733
- S&c 401(k) Retirement Savings & ESOP (IL) $2.8B · 2,564
Frequently Asked Questions
How did Best Buy Retirement Savings Plan assets move in 2023? ▼
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