Defined Benefit (Pension) · DOL Form 5500 · 2024
Carmax, Inc. Pension Plan
Data updated 2026-08-11
- $199M
- Total assets
- 2,563
- Participants
- 94th
- Percentile by assets
- $77,725
- Avg per participant
Official DOL plan name: Carmax, Inc. Pension Plan · Sponsored by Carmax, Inc. · Virginia · Retail Trade
$199M in assets, 2,563 participants
Carmax, Inc.'s Carmax, Inc. Pension Plan reported $199M in total assets and 2,563 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 123,622 plans)
- #7,781 in Retail Trade (8,048 peers)
Coverage in Virginia
Carmax, Inc. Pension Plan covers 2,563 participants in Virginia, 3.3x the typical Virginia plan (state average ~782 per filing). Assets: $199M.
- $199M
- total plan assets (2024 EOY)
- 2,563
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $77,725
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Carmax, Inc. Pension Plan reported net income fell from $20M in the plan year 2023 filing to -$5M in the plan year 2024 filing.
- Carmax, Inc. Pension Plan reported participants fell from 2,741 in the plan year 2023 filing to 2,563 in the plan year 2024 filing.
- Carmax, Inc. Pension Plan end-of-year assets fell from $204M in the plan year 2023 filing to $199M in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Carmax, Inc. Pension Plan reports 2,563 participants - 3.3x that state average ($199M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $204M |
|---|---|
| Net Assets (End of Year) | $199M |
| Net Income | -$5M |
| Employer EIN | 541821055 |
| Plan Effective Date | 2002-03-01 |
| 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 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
- Northrop Grumman Pension Plan $18.8B · 12,678
- Retirement Security Plan $11.5B · 56,633
- Sheet Metal Workers' National Pension Fund $8.9B · 63,530
- Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
- Dominion Energy Pension Plan $8.3B · 11,758
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Carmax, Inc. Pension Plan by total assets, not by location.
- Nintendo of America Inc. Defined Benefit Retirement Plan (WA) $199M · 715
- Zurn Pension Plan (WI) $200M · 109
- Ryerson Pension Plan (IL) $200M · 422
- Pension Plan of Steamfitters Pension Fund 475 (NJ) $198M · 464
Frequently Asked Questions
How did Carmax, Inc. Pension Plan assets move in 2024? ▼
How have Carmax, Inc. plan assets changed over time? ▼
Where does Carmax, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Carmax, Inc. Pension Plan? ▼
Next read for Carmax, Inc. Pension Plan
Filing takeaways
Ways to act on Carmax, Inc. Pension Plan's numbers.
- By total assets, Carmax, Inc. Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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