2023 Form 5500 filing — Best Buy Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240701141924NAL0002911683001) for Best Buy Retirement Savings Plan, reported by Best Buy Enterprise Services, Inc. under EIN 55-0805038 and plan number 002. It reports 112,970 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240701141924NAL0002911683001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Best Buy Enterprise Services, Inc.
- EIN
- 55-0805038
- Plan number
- 002
- Location
- Richfield, MN
- Participants
- 112,970
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,853,415,966
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,853,415,966
- Employer contributions
- $68,038,400
- Participant contributions
- $144,098,581
- Total income / additions
- $650,924,605
- Benefits paid
- $231,463,723
- Administrative expenses
- $4,768,489
- Total expenses
- $236,716,304
- Net increase / (decrease)
- $414,208,301
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Institutional Plan Services | RECORD KEEPER | $2,518,154 | $0 |
| Voya Retirement Advisors | INVEST ADVISOR | $2,111,463 | not reported in the loaded dataset |
| Mercer (Us) Inc | CONSULTANT | $114,577 | not reported in the loaded dataset |
| Newport Trust Company | CONSULTANT | $85,000 | not reported in the loaded dataset |