401(k) · DOL Form 5500 · 2022
Carmax, Inc. 401(k) Plan
Data updated 2026-08-25
- $1.2B
- Total assets Very large vs avg
- 30,993
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $39,010
- Avg per participant Low balance/head
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.
- #9,469 in Retail Trade (9,519 peers)
Coverage in Virginia
Carmax, Inc. Retirement Savings Plan covers 30,993 participants in Virginia, 40x the typical Virginia plan (state average ~782 per filing). Assets: $1.2B.
- #9,469
- in Retail Trade (9,519 peers)
- -11.5%
- assets change YoY
- 12×
- vs typical plan assets (national mean)
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.
Carmax, Inc. Retirement Savings Plan's outsized position by total assets
Carmax, Inc. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,209,022,595 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Carmax, Inc. Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carmax, Inc. Retirement Savings Plan is a mega filing (30,993 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 541821055 · Carmax, Inc. PY 2022 · 401(k)
Carmax, Inc. Retirement Savings Plan · $1.2B · 30,993 · 99th
- BOOK $1.2B
- BOOK 30,993
- BOOK 99th
- BOOK 401(k)
- BOOK near Ssm Health 401(k) Plan
- BOOK ind #9469
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Virginia →
Carmax, Inc. Retirement Savings Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Carmax, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.0B 44.40817744716891% vs 2022
- 2024 filing year
| 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.
- 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 $12.3T held by all Form 5500 filers in the national rollup , and 0.033% of 93,925,755 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)
Carmax, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Ssm Health 401(k) Plan in MO ($1.2B); by covered participants it is The Rite Aid 401(k) Plan in PA (30,875 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (30,993 participants); asset peers above are excluded.
- The Rite Aid 401(k) Plan (PA) 30,875 · 118 off
- Meijer 401(k) Retirement Plan I (MI) 31,208 · 215 off
- Automatic Data Processing, Inc. Retirement and Savings Plan (NJ) 31,257 · 264 off
- Dillard's, Inc. Investment & Employee Stock Ownership Plan (AR) 30,577 · 416 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.