401(k) · DOL Form 5500 · 2022
Carmax, Inc. 401(k) Plan
Data updated 2026-08-06
- $1.2B
- Total assets
- 30,993
- Participants
- 99th
- Percentile by assets
- $39,010
- Avg per participant
Official DOL plan name: Carmax, Inc. Retirement Savings Plan · Sponsored by Carmax, Inc. · Virginia · Retail Trade
$1.2B in assets, 30,993 participants
Carmax, Inc.'s Carmax, Inc. Retirement Savings Plan reported $1.2B in total assets and 30,993 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,258 plans)
- #9,477 in Retail Trade (9,527 peers)
Coverage in Virginia
Carmax, Inc. Retirement Savings Plan covers 30,993 participants in Virginia, 40x the typical Virginia plan (state average ~781 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2022 EOY)
- 30,993
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $39,010
- avg assets per participant
The plan reported a net loss of $157M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Carmax, Inc. Retirement Savings Plan reports 30,993 participants - 40x that state average ($1.2B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | -$157M |
| Employer EIN | 541821055 |
| Plan Effective Date | 2002-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carmax, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 33,895 | $1.4B |
| 2023 | 2 | 34,013 | $1.7B |
| 2024 | 2 | 32,246 | $2.0B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Carmax, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
- Northrop Grumman Savings Plan $32.6B · 92,420
- 401(k) Pension Plan $13.0B · 61,481
- General Dynamics Corporation 401(k) Plan 6.0 $9.6B · 36,822
- Leidos, Inc. Retirement Plan $8.7B · 26,125
- Bae Systems Employees' Savings and Investment Plan $8.2B · 31,556
Scale composition for Carmax, Inc. Retirement Savings Plan
Carmax, Inc. Retirement Savings Plan reports $1.2B in end-of-year assets across 30,993 participants (0.010% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.035% of 89,805,449 covered participants) - about $39,010 per participant (28% of the national average assets-per-participant) . Net income for plan year 2022 was -$157M.
This plan identity (EIN 541821055, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.2B to $1.8B (+49.9%) while covered participants moved from 30,993 to 29,683 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 30,993 | $1.2B | This page |
| 2023 | 31,272 | $1.5B | Open filing |
| 2024 · index core | 29,683 | $1.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Carmax, Inc. Retirement Savings Plan (401(k), $1.8B, 29,683 participants)
- Carmax, Inc. Pension Plan (Defined Benefit (Pension), $199M, 2,563 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Carmax, Inc. Retirement Savings Plan by total assets, not by location.
- Ssm Health 401(k) Plan (MO) $1.2B · 4,727
- Pharmaceutical Product Development, LLC Retirement Savings Plan (NC) $1.2B · 14,003
- Worley Group Inc. 401(k) Plan (TX) $1.2B · 8,399
- Hexagon Employee Retirement Savings Plan (AL) $1.2B · 4,237
Frequently Asked Questions
How did Carmax, Inc. Retirement Savings Plan assets move in 2022? ▼
How have Carmax, Inc. plan assets changed over time? ▼
Where does Carmax, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Carmax, Inc. Retirement Savings Plan? ▼
Next read for Carmax, Inc. Retirement Savings Plan
Filing takeaways
Ways to act on Carmax, Inc. Retirement Savings Plan's numbers.
- By total assets, Carmax, Inc. Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Carmax, Inc.'s sponsor-wide assets have grown 44.4% since 2022 across 3 plan years on file. More Retail Trade plans