401(k) · DOL Form 5500 · 2024

Carmax, Inc. 401(k) Plan

Data updated 2026-07-24

$1.8B
Total assets: 29,683
Participants: 99th
Percentile by assets: $61,073
Avg per participant

Official DOL plan name: Carmax, Inc. Retirement Savings Plan · Sponsored by Carmax, Inc. · Virginia · Retail Trade

$1.8B in assets, 29,683 participants

Carmax, Inc.'s Carmax, Inc. Retirement Savings Plan reported $1.8B in total assets and 29,683 participants in its 2024 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 116,472 plans)

Coverage in Virginia

Carmax, Inc. Retirement Savings Plan covers 29,683 participants in Virginia, 38x the typical Virginia plan (state average ~781 per filing). Assets: $1.8B.

$1.8B
total plan assets (2024 EOY): 29,683
covered participants: 99th
percentile by assets (of 116,472 plans): $61,073
avg assets per participant

Carmax, Inc. Retirement Savings Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.8B in the plan year 2024 filing.
Carmax, Inc. Retirement Savings Plan reported net income fell from $320M in the plan year 2023 filing to $284M in the plan year 2024 filing.
Carmax, Inc. Retirement Savings Plan reported participants fell from 31,272 in the plan year 2023 filing to 29,683 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Virginia

Industry

Retail Trade

Participants vs Virginia filers

In Virginia, the average filing covers about 781 participants across 3,490 plans. Carmax, Inc. Retirement Savings Plan reports 29,683 participants - 38x that state average ($1.8B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$1.5B
Net Assets (End of Year)	$1.8B
Net Income	$284M
Employer EIN	541821055
Plan Effective Date	2002-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Carmax, Inc.)

Total plan assets by year, all Carmax, Inc. plans on file

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 $39.5B · 104,719
401(k) Pension Plan $16.8B · 62,869
General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
Leidos, Inc. Retirement Plan $11.8B · 29,734

Compare Carmax, Inc. Retirement Savings Plan side-by-side with 3 peers →

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.

Brunswick Rewards Plan (IL) $1.8B · 10,284
Asml US Employees' Savings and Retirement Plan (AZ) $1.8B · 8,351
Tenneco 401(k) Investment Plan (MI) $1.8B · 13,299
The Mathworks 401(k) Retirement Plan (MA) $1.8B · 3,892

Frequently Asked Questions

How did Carmax, Inc. Retirement Savings Plan assets move in 2024? ▼

Carmax, Inc. Retirement Savings Plan grew sharply - up 18.6% during 2024, from $1.5B to $1.8B. Reported net income was $284M.

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. Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Carmax, Inc. Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Carmax, Inc. Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Brunswick Rewards Plan in IL ($1.8B, 10,284 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.