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Original filing (PDF)20250814124745NAL0009881985001
BEST BUY ENTERPRISE SERVICES, INC.
Form 5500
FILING_RECEIVED
BEST BUY RETIREMENT SAVINGS PLAN
401(k) retirement plan
Signals · 1
28% in single holding
Active participants
83,696
Accounts w/ balance
55,134
Plan assets (EOY)
$3.1B
Net assets (EOY)
$3.1B
How this plan invests
This plan
22 pooled trusts
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
86
Total plan cost
65
Vendor stack
100
Participation health
80
Knocking points off
- Top holding "State Street S&P 500 Index Fund - Class II" is 28% of plan.
- 16 bps in Schedule C fees — 223% above peer band of 5 bps.
- 66% balance-to-active ratio — below typical for a healthy 401(k).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BEST BUY ENTERPRISE SERVICES, INC..
Plan sponsor
Name
BEST BUY ENTERPRISE SERVICES, INC.
EIN
55-0805038
Address
7601 PENN AVENUE SOUTH · RICHFIELD, MN · 554233645
Phone
(612) 291-1000
Industry
Retail Tradesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-08-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2O · ESOP (non-leveraged)
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
DELOITTE & TOUCHE, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA INSTITUTIONAL PLAN SERVICES | 04-3516284 | — | RECORD KEEPER | $2.4M | — |
Advisor / Consultant
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS | 02-0488491 | — | INVEST ADVISOR | $2.5M | — |
| MERCER (US) INC | 13-2834414 | — | CONSULTANT | $103K | — |
| NEWPORT TRUST COMPANY | 27-4411131 | — | CONSULTANT | $83K | — |
Investments
6 direct securities · 22 pooled funds· $3.2B(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$3.0B
22 holdings
Uncategorized
$253.2M
6 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| STATE STREET S&P 500 INDEX FUND - C STATE STREET FUNDS · EIN 04-0025081 / PN 078 | Common Collective Trust | — | — | $860.5M | 27.5% | |
| STATE STREET RUSSELL SMALL/MID CAP STATE STREET FUNDS · EIN 90-0337987 / PN 477 | Common Collective Trust | — | — | $277.9M | 8.9% | |
| TARGET RETIREMENT 2050 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 32-6528132 / PN 002 | Common Collective Trust | — | — | $238.3M | 7.6% | |
| STATE STREET GLOBAL ALL CAP EQUITY STATE STREET FUNDS · EIN 90-0337987 / PN 459 | Common Collective Trust | — | — | $210.2M | 6.7% | |
| PRUDENTIAL CORE PLUS BOND FUND PRUDENTIAL TRUST COMPANY · EIN 23-6994310 / PN 165 | Common Collective Trust | — | — | $181.1M | 5.8% | |
| TARGET RETIREMENT 2045 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 32-6528132 / PN 001 | Common Collective Trust | — | — | $174.8M | 5.6% | |
| TARGET RETIREMENT 2055 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 32-6528132 / PN 005 | Common Collective Trust | — | — | $146.3M | 4.7% | |
| MFS INTERNATIONAL EQUITY FUND-CLS 4 MFS INTERNATIONAL · EIN 04-3247425 / PN 013 | Common Collective Trust | — | — | $132.3M | 4.2% | |
| TARGET RETIREMENT 2040 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 493 | Common Collective Trust | — | — | $128.9M | 4.1% | |
| TARGET RETIREMENT 2035 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 499 | Common Collective Trust | — | — | $104.6M | 3.3% | |
| Best Buy Co., Inc. Common Stock | — | — | $1.1M | $97.9M | 3.1% | |
| TARGET RETIREMENT 2060 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 32-6528132 / PN 008 | Common Collective Trust | — | — | $87.1M | 2.8% | |
| TARGET RETIREMENT 2030 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 492 | Common Collective Trust | — | — | $69.1M | 2.2% | |
| Galliard Short Core Fund F | — | — | — | $59.1M | 1.9% | |
| FIXED INCOME FUND F WELLS FARGO BANK, N.A. · EIN 52-2252204 / PN 001 | Common Collective Trust | — | — | $59.1M | 1.9% | |
| STATE STREET U.S. BOND INDEX STATE STREET FUNDS · EIN 90-0337987 / PN 344 | Common Collective Trust | — | — | $54.2M | 1.7% | |
| TARGET RETIREMENT INCOME SL SF CL V STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 490 | Common Collective Trust | — | — | $44.4M | 1.4% | |
| Galliard Intermediate Core Fund A | — | — | — | $43.3M | 1.4% | |
| FIXED INCOME FUND A WELLS FARGO BANK, N.A. · EIN 52-2250963 / PN 001 | Common Collective Trust | — | — | $43.3M | 1.4% | |
| Galliard Intermediate Core Fund L | — | — | — | $42.6M | 1.4% | |
| FIXED INCOME FUND L WELLS FARGO BANK, N.A. · EIN 26-0819859 / PN 001 | Common Collective Trust | — | — | $42.6M | 1.4% | |
| TARGET RETIREMENT 2025 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 498 | Common Collective Trust | — | — | $40.9M | 1.3% | |
| DFA US TARGETED VALUE DIMENSIONAL FUND ADVISORS · EIN 95-4661327 / PN 001 | Common Collective Trust | — | — | $35.9M | 1.1% | |
| TARGET RETIREMENT 2020 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 491 | Common Collective Trust | — | — | $18.1M | 0.6% | |
| TARGET RETIREMENT 2065 SL SF CLASSV STATE STREET GLOBAL ADVISORS · EIN 32-6528132 / PN 046 | Common Collective Trust | — | — | $16.7M | 0.5% | |
| SHORT TERM INVESTMENT FUND WELLS FARGO BANK, N.A. · EIN 41-6292499 / PN 001 | Common Collective Trust | — | — | $7.7M | 0.2% | |
| Wrapper contracts | — | — | — | $6.5M | 0.2% | |
| SSGA Government Money Market Fund | — | — | — | $3.8M | 0.1% |