Best Buy Enterprise Services, Inc. 401(k) Plan: Login, Facts & Contact Information

Best Buy Enterprise Services, Inc. 401(k) Plan Facts

Plan name
BEST BUY RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
BEST BUY ENTERPRISE SERVICES, INC.
Participants
111,163 (83,696 active employees)
Former employees with a balance
25,013
Plan assets
$3,127,250,470 at Dec 31, 2024
Average account balance
$56,721 across 55,134 accounts
Employer contributions
$65,011,650 in plan year 2024 (31% of all contributions)
Recordkeeper
Voya Institutional Plan Services
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Oct 1, 1990
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $207.7 million went into the plan in contributions, $65.0 million of it from the employer (31%).
  • $314.2 million was paid out to participants.
  • Investment and other income added $381.8 million.
  • Administrative expenses were $4.90 million, about $89 per account.

How the Best Buy Enterprise Services, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019133,674$2.26 billion$66.2 million$164.9 million
2020135,769$2.49 billion$39.5 million$256.2 million
2021130,950$2.86 billion$69.5 million$193.2 million
2022124,556$2.44 billion$71.3 million$191.5 million
2023112,970$2.85 billion$68.0 million$231.5 million
2024111,163$3.13 billion$65.0 million$314.2 million

Best Buy Enterprise Services, Inc. 401(k) Contact Information

Phone
612-291-1000
Mailing address
7601 PENN AVENUE SOUTH, RICHFIELD MN 554233645
Plan sponsor
BEST BUY ENTERPRISE SERVICES, INC.
Employer identification number (EIN)
55-0805038
Plan number
002

Questions about the Best Buy Enterprise Services, Inc. 401(k)

Does Best Buy Enterprise Services, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $65.0 million, 31% of all contributions.

Does the Best Buy Enterprise Services, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Best Buy Enterprise Services, Inc 401(k) plan?

111,163 participants at the start of plan year 2024, 83,696 of them active employees, and 25,013 former employees who still had money in the plan.

What is the average 401(k) balance at Best Buy Enterprise Services, Inc?

About $56,721 per account: $3.13 billion in plan assets across 55,134 accounts with a balance at the end of plan year 2024.

Who manages the Best Buy Enterprise Services, Inc 401(k) accounts?

Voya Financial (listed on the filing as VOYA INSTITUTIONAL PLAN SERVICES) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Best Buy Enterprise Services, Inc. How do I access my 401(k)?

Your account stays with Voya Financial after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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