401(k) · DOL Form 5500 · 2023
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-25
- $2.9B
- Total assets Very large vs avg
- 88,147
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $32,371
- 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
$2.9B 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.
- #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.
- #8,385
- in Retail Trade (8,414 peers)
- +17.0%
- assets growth YoY
- 29×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$2,853,415,966 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Best Buy Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Best Buy Retirement Savings Plan is a mega filing (88,147 participants), the rightmost band on the breakdown.
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.
Form 5500 schedule snapshot
Filing strip 550805038 · Best Buy Enterprise Services, Inc. PY 2023 · 401(k)
Best Buy Retirement Savings Plan · $2.9B · 88,147 · 100th
- EBSA $2.9B
- PART 88,147
- TYPE 100th
- NET 401(k)
- BOOK near Mufg Bank Ltd. 401(k) Plan
- VS-ST ind #8385
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) | $2.4B |
|---|---|
| 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.)
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 $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)
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 Mufg Bank Ltd. 401(k) Plan in NY ($2.9B); by covered participants it is Randstad North America 401(k) Plan in GA (88,305 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.9B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (88,147 participants); asset peers above are excluded.
- Randstad North America 401(k) Plan (GA) 88,305 · 158 off
- 401(k) Savings Plan (WA) 87,590 · 557 off
- American Airlines, Inc. 401(k) Plan (TX) 88,792 · 645 off
- Dollar Tree Retirement Savings Plan (VA) 89,133 · 986 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.