Defined Benefit (Pension) · DOL Form 5500 · 2023

Carmax, Inc. Pension Plan

Data updated 2026-08-25

$204M
Total assets Near avg plan size
2,741
Participants Above avg headcount
95th
Percentile by assets National rank
$74,591
Avg per participant Below avg balance/head
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Official DOL plan name: Carmax, Inc. Pension Plan · Sponsored by Carmax, Inc. · Virginia · Retail Trade

$204M in assets, 2,741 participants

Carmax, Inc.'s Carmax, Inc. Pension Plan reported $204M in total assets and 2,741 participants in its 2023 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.

  • #8,170 in Retail Trade (8,414 peers)

Coverage in Virginia

Carmax, Inc. Pension Plan covers 2,741 participants in Virginia, 3.5x the typical Virginia plan (state average ~782 per filing). Assets: $204M.

#8,170
in Retail Trade (8,414 peers)
+10.9%
assets growth YoY
2.1×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$204,452,803 Top 5% higher than 95% of 127,068 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 2023

Carmax, Inc. Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carmax, Inc. Pension Plan lands in the large band (2,741 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carmax, Inc. Pension Plan reported net income rose from -$48M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Carmax, Inc. Pension Plan end-of-year assets rose from $184M in the plan year 2022 filing to $204M in the plan year 2023 filing.
  • Carmax, Inc. Pension Plan reported participants fell from 2,902 in the plan year 2022 filing to 2,741 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 541821055 · Carmax, Inc. PY 2023 · Defined Benefit (Pension)

Carmax, Inc. Pension Plan · $204M · 2,741 · 95th

  • NET $204M
  • NET 2,741
  • NET 95th
  • NET Defined Benefit (Pension)
  • NET near Office and Professional Employee Pension Trust Fund
  • NET ind #8170

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

Carmax, Inc. Pension Plan$204MOffice and Professional Employee Pension Trust FundOffice and Professional Empl…$204MAutoliv Asp, Inc. Pension PlanAutoliv Asp, Inc. Pension Pl…$204MElectrician's Retirement Fund$204MElmhurst Memorial Hospital Retirement PlanElmhurst Memorial Hospital R…$204M
End-of-year total assets ($M) among Carmax, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$184M
Net Assets (End of Year)$204M
Net Income$20M
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 -50510152025 Total assets ($B) Participants Carmax, Inc. Pension Plan, Total assets ($B): 0.204452803 · Participants: 2741Carmax, Inc. Pension PlanNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
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 Office and Professional Employee Pension Trust Fund in CA ($204M); by covered participants it is Mclaren Employees' Pension Plan in MI (2,743 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($204M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,741 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Carmax, Inc. Pension Plan grew at a solid clip - up 10.9% during 2023, from $184M to $204M. Reported net income was $20M.
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 127,072 plans that reported assets for plan year 2023 (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 Office and Professional Employee Pension Trust Fund in CA ($204M, 311 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 Mclaren Employees' Pension Plan in MI (2,743 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.