401(k) · DOL Form 5500 · 2024
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-11
- $3.1B
- Total assets
- 85,980
- Participants
- 100th
- Percentile by assets
- $36,372
- Avg per participant
Official DOL plan name: Best Buy Retirement Savings Plan · Sponsored by Best Buy Enterprise Services, Inc. · Minnesota · Retail Trade
$3.1B in assets, 85,980 participants
Best Buy Enterprise Services, Inc.'s Best Buy Retirement Savings Plan reported $3.1B in total assets and 85,980 participants in its 2024 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 123,622 plans)
- #8,021 in Retail Trade (8,048 peers)
Coverage in Minnesota
Best Buy Retirement Savings Plan covers 85,980 participants in Minnesota, 76x the typical Minnesota plan (state average ~1,126 per filing). Assets: $3.1B.
- $3.1B
- total plan assets (2024 EOY)
- 85,980
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $36,372
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Best Buy Retirement Savings Plan reported net income fell from $414M in the plan year 2023 filing to $270M in the plan year 2024 filing.
- Best Buy Retirement Savings Plan end-of-year assets rose from $2.9B in the plan year 2023 filing to $3.1B in the plan year 2024 filing.
- Best Buy Retirement Savings Plan reported participants fell from 88,147 in the plan year 2023 filing to 85,980 in the plan year 2024 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 85,980 participants - 76x that state average ($3.1B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $3.1B |
| Net Income | $270M |
| 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
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Scale composition for Best Buy Retirement Savings Plan
Best Buy Retirement Savings Plan reports $3.1B in end-of-year assets across 85,980 participants (0.025% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.092% of 93,925,755 covered participants) - about $36,372 per participant (26% of the national average assets-per-participant) . Net income for plan year 2024 was $270M.
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 | Open filing |
| 2024 · index core | 85,980 | $3.1B | This page |
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.
- Envision Healthcare Operating Inc. 401(k) Plan (TN) $3.1B · 16,805
- Samsung 401(k) Plan (NJ) $3.1B · 14,598
- Hearst Retirement Savings Plan (NC) $3.1B · 14,150
- Aon Pooled Employer Plan (IL) $3.1B · 48,473
Frequently Asked Questions
How did Best Buy Retirement Savings Plan assets move in 2024? ▼
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