Retirement plan

BEST BUY RETIREMENT SAVINGS PLAN

Name: BEST BUY ENTERPRISE SERVICES, INC. - BEST BUY RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: BEST BUY ENTERPRISE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEST BUY RETIREMENT SAVINGS PLAN, BEST BUY ENTERPRISE SERVICES, INC.

BEST BUY ENTERPRISE SERVICES, INC.EIN 55-0805038Plan #002PY 2017

7601 PENN AVENUE SOUTH - RICHFIELD, MN 554233645612-291-1000LinkedIn201-500 employeesbusiness supplies and equipment

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1828.8M

+2.9% from 2018

Total participants

137,069

+2.5% from 2018

Average account balance

$34,479

+12.7% from 2018

Annual return

19.09%

+24.90 pp from 2018

Benchmarks

See 92 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort92 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.13B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$57K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

55,134

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

35.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$203.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$89

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 9 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC1+ years Filed as: ALIGHT SOLUTIONS Service code 15 · EIN 82-1061233	Recordkeeping	$1,813,877
ALIGHT SOLUTIONS LLC1+ years Filed as: ALIGHT FINANCIAL ADVISORS Service code 26 · EIN 82-1061233	Advisory (Participants)	$945,073
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 64 · EIN 04-3516284	Recordkeeping Fees	$671,000
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 02-0488491	Advisory (Participants)	$296,011
AON CONSULTING1+ years Filed as: AON HEWITT FINANCIAL ADVISORS, LLC Service code 26 · EIN 35-2421957	Advisory (Participants)	$222,609
EVERCORE TRUST COMPANY1+ years Service code 28 · EIN 01-0552543	Investment Management	$104,622
STATE STREET GLOBAL ADVISORS1+ years Filed as: STATE STREET BANK AND TRUST COMPANY Service code 21 · EIN 04-1867445	Bank Trustee	$100,683
STATE STREET GLOBAL ADVISORS1+ years Filed as: STATE STREET RETIREE SERVICES Service code 49 PO BOX 24989 · JACKSONVILLE, FL 32241	Other Services	$62,124
STATE STREET GLOBAL ADVISORS1+ years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 25 · EIN 81-4017137	Directed Trustee	$40,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3.2M

$26 / participant

Other / not subdivided$3M100.0%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,479

$39,909-13.6%

$78,775-56.2%

$80,976-57.4%

Participation rate

31.2%

55.7%-24.5pp

69.2%-38.0pp

68.3%-37.0pp

Annual return

19.09%

23.47%-4.4pp

35.62%-16.5pp

22.91%-3.8pp

Employer contribution / active EE

$459

$778-41.0%

$1,986-76.9%

$2,402-80.9%

Participant deferral / active EE

$878

$1,359-35.4%

$2,958-70.3%

$3,848-77.2%

Admin fee / account holder

$60

$50+19.8%

$5,132-98.8%

$67-11.7%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1+ years

Filed as: ALIGHT SOLUTIONS

Service code 15 · EIN 82-1061233

Recordkeeping

$1,813,877

ALIGHT SOLUTIONS LLC1+ years

Filed as: ALIGHT FINANCIAL ADVISORS

Service code 26 · EIN 82-1061233

Advisory (Participants)

$945,073

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 64 · EIN 04-3516284

Recordkeeping Fees

$671,000

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RETIREMENT ADVISORS

Service code 26 · EIN 02-0488491

Advisory (Participants)

$296,011

AON CONSULTING1+ years

Filed as: AON HEWITT FINANCIAL ADVISORS, LLC

Service code 26 · EIN 35-2421957

Advisory (Participants)

$222,609

EVERCORE TRUST COMPANY1+ years

Service code 28 · EIN 01-0552543

Investment Management

$104,622

STATE STREET GLOBAL ADVISORS1+ years

Filed as: STATE STREET BANK AND TRUST COMPANY

Service code 21 · EIN 04-1867445

Bank Trustee

$100,683

STATE STREET GLOBAL ADVISORS1+ years

Filed as: STATE STREET RETIREE SERVICES

Service code 49

PO BOX 24989 · JACKSONVILLE, FL 32241

Other Services

$62,124

STATE STREET GLOBAL ADVISORS1+ years

Filed as: STATE STREET GLOBAL ADVISORS TRUST

Service code 25 · EIN 81-4017137

Directed Trustee

$40,000

BEST BUY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEST BUY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion