401(k) · DOL Form 5500 · 2024
Best Buy Enterprise Services, Inc. 401(k) Plan
Data updated 2026-08-25
- $3.1B
- Total assets Very large vs avg
- 85,980
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $36,372
- 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
$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.
- #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.
- #8,021
- in Retail Trade (8,048 peers)
- +9.6%
- assets growth YoY
- 31×
- 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 2024 · DOL Form 5500
$3,127,250,470 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Best Buy Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Best Buy Retirement Savings Plan is a mega filing (85,980 participants), the rightmost band on the breakdown.
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.
Published 5500 schedule card
Filing strip 550805038 · Best Buy Enterprise Services, Inc. PY 2024 · 401(k)
Best Buy Retirement Savings Plan · $3.1B · 85,980 · 100th
- BOOK $3.1B
- VS-ST 85,980
- BOY 100th
- SCH 401(k)
- EBSA near Envision Healthcare Operating Inc. 401(k) Plan
- PART ind #8021
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) | $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.)
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.
- 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 |
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 Envision Healthcare Operating Inc. 401(k) Plan in TN ($3.1B); by covered participants it is Sodexo 401 (K) Employees' Retirement Savings Plan and Trust in MD (86,365 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.1B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (85,980 participants); asset peers above are excluded.
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust (MD) 86,365 · 385 off
- Abm 401(k) Employee Savings Plan (NY) 85,460 · 520 off
- 401(k) Savings Plan (WA) 86,668 · 688 off
- Aramark Hourly 401(k) Plan (PA) 84,306 · 1,674 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.