# Best Buy Enterprise Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/best-buy-enterprise-services-inc-401k-plan

> Best Buy Enterprise Services, INC.'s 401(k) plan: 83,696 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Best Buy Enterprise Services, INC.

- **Sponsor EIN:** 550805038

- **Sponsor Address:** 7601 PENN AVENUE SOUTH, RICHFIELD, MN, 554233645

- **Plan Type:** 401(k)

- **Total Participants:** 83,696

- **Total Assets:** $3.1B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|83,696|$3.1B|$65.0M|$138.8M|

| 2023|85,980|$2.9B|$68.0M|$144.1M|

| 2022|88,147|$2.4B|$71.3M|$151.8M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| VOYA RETIREMENT ADVISORS|INVEST ADVISOR|$2,487,084|—|$2,487,084|

| VOYA INSTITUTIONAL PLAN SERVICES|RECORD KEEPER|$2,372,883|—|$2,372,883|

| MERCER (US) INC|CONSULTANT|$103,050|—|$103,050|

| NEWPORT TRUST COMPANY|CONSULTANT|$82,500|—|$82,500|

| DELOITTE & TOUCHE, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DELOITTE & TOUCHE, LLP](https://planprovider.pro/provider/deloitte-and-touche-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $5,045,517

- **Estimated Expense Ratio:** 0.161% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$4,897,885|$2,487,084|$137,116|—|—|

| 2023|$4,768,489|$2,111,463|$132,200|—|—|

| 2022|$4,445,046|—|—|—|—|

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