Defined Benefit (Pension) · DOL Form 5500 · 2022

Carmax, Inc. Pension Plan

Data updated 2026-08-25

$184M
Total assets Near avg plan size
2,902
Participants Above avg headcount
95th
Percentile by assets National rank
$63,502
Avg per participant Low balance/head
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Official DOL plan name: Carmax, Inc. Pension Plan · Sponsored by Carmax, Inc. · Virginia · Retail Trade

$184M in assets, 2,902 participants

Carmax, Inc.'s Carmax, Inc. Pension Plan reported $184M in total assets and 2,902 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • #9,274 in Retail Trade (9,519 peers)

Coverage in Virginia

Carmax, Inc. Pension Plan covers 2,902 participants in Virginia, 3.7x the typical Virginia plan (state average ~782 per filing). Assets: $184M.

#9,274
in Retail Trade (9,519 peers)
-20.6%
assets change YoY
1.8×
vs typical plan assets (national mean)

The plan reported a net loss of $48M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Carmax, Inc. Pension Plan's outsized position by total assets

Carmax, Inc. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$184,283,331 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Carmax, Inc. Pension Plan's large-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. Pension Plan lands in the large band (2,902 participants).

EBSA filing schedule strip

Filing strip 541821055 · Carmax, Inc. PY 2022 · Defined Benefit (Pension)

Carmax, Inc. Pension Plan · $184M · 2,902 · 95th

  • TYPE $184M
  • TYPE 2,902
  • TYPE 95th
  • TYPE Defined Benefit (Pension)
  • TYPE near Iuoe Local 98 Pension Plan
  • TYPE ind #9274

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. Pension Plan in the asset neighbourhood

Odyssey Reinsurance Company Restated Employees Retirement PlanOdyssey Reinsurance Company …$185MIuoe Local 98 Pension Plan$184MCarmax, Inc. Pension Plan$184MDrummond Company, Inc. Revised Pension PlanDrummond Company, Inc. Revis…$184MMarshall Medical Employees' Retirement PlanMarshall Medical Employees' …$184M
End-of-year total assets ($M) among Carmax, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$232M
Net Assets (End of Year)$184M
Net Income-$48M
Employer EIN541821055
Plan Effective Date2002-03-01
Filing StatusFILING 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
$1.2B$1.4B$1.6B$1.8B$2B$2.2B 202220232024 $1.39B $2.01B ▲ +44.6%
Year Plans Participants Total Assets
2022 2 33,895 $1.4B
2023 2 34,013 $1.7B
2024 2 32,246 $2.0B

Nearby Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Carmax, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Carmax, Inc. Pension Plan, Total assets ($B): 0.184283331 · Participants: 2902Carmax, Inc. Pension PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pension PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers' National Pension Fund
Carmax, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Carmax, Inc. Pension Plan side-by-side with 3 peers →

Carmax, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Iuoe Local 98 Pension Plan in MA ($184M); by covered participants it is Exelon Corporation Pension Plan for Bargaining Unit Employees in IL (2,897 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,902 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Carmax, Inc. Pension Plan assets move in 2022? ▼
Carmax, Inc. Pension Plan declined sharply - down 20.6% during 2022, from $232M to $184M. Reported net income was -$48M.
How have Carmax, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carmax, Inc.'s sponsor-wide assets grew 44.4%, from $1.4B to $2.0B.
Where does Carmax, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Carmax, Inc. Pension Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Carmax, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Iuoe Local 98 Pension Plan in MA ($184M, 656 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carmax, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Exelon Corporation Pension Plan for Bargaining Unit Employees in IL (2,897 participants, $113M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541821055.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.