Best Buy Co., Inc.
Overview
Best Buy Co., Inc. sponsors a self-funded health plan that covered 7,741 participants in plan year 2025, about the same as the prior year. The plan year starts in February. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 7,741 · prior year 7,741
- Plan year
- Begins February 1 · next renewal February 2027
- Health plans filed
- Occupational Benefits Plan for the Texas Employees of Best Buy Co., Inc., plan 509 (7,741 participants); Voluntary Separation Plan, plan 524 (118 participants); Voluntary Separation Plan, plan 522 (111 participants); Voluntary Separation Plan, plan 523 (80 participants)
- Broker compensation
- $785K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Kaiser Foundation Health Plan, Inc. | Medical | 1,557 | $19.9M | — |
| Hartford Life and Accident | Life, Long-term disability, Accidental Death and Dismemberment | 44,889 | $13.5M | $487K |
| Vision Service Plan | Vision | 22,046 | $2.8M | — |
| Metropolitan Life Insurance Company | Medical, Accident, Hospital Indemnity, Critical Illness | 4,435 | $2.1M | $191K |
| Kaiser Foundation Health Plan of Colorado | Medical | 122 | $1.1M | — |
| Hawaii Medical Service Association | Medical, Prescription drug, PPO | 284 | $1.0M | — |
| Triple S Salud, Inc. | Medical, Prescription drug, Dental, PPO | 108 | $746K | $37K |
| MetLife Legal Plans | Legal | 3,047 | $684K | $66K |
| Kaiser Foundation Health Plan of the Northwest | Medical | 57 | $420K | — |
| Kaiser Foundation Health Plan of Washington | Medical | 63 | $355K | — |
| Triple-S Vida, Inc. | Short-term disability | 126 | $20K | $3K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 7,741 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Best Buy Co., Inc.
- Sponsor EIN
- 41-0907483
- Plan numbers
- 509, 524, 522, 523
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 41-0907483 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Best Buy Puerto Rico Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 337
About this data
Source: Best Buy Co., Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Best Buy Co., Inc..