Defined Benefit (Pension) · DOL Form 5500 · 2024

Carmax, Inc. Pension Plan

Data updated 2026-08-25

$199M
Total assets Near avg plan size
2,563
Participants Above avg headcount
94th
Percentile by assets National rank
$77,725
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

$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.

  • #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.

#7,781
in Retail Trade (8,048 peers)
-2.6%
assets change YoY
2.0×
vs typical plan assets (national mean)

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.

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 2024 · DOL Form 5500

$199,209,672 Top 6% higher than 94% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carmax, Inc. Pension Plan lands in the large band (2,563 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 541821055 · Carmax, Inc. PY 2024 · Defined Benefit (Pension)

Carmax, Inc. Pension Plan · $199M · 2,563 · 94th

  • VS-ST $199M
  • BOY 2,563
  • SCH 94th
  • EBSA Defined Benefit (Pension)
  • PART near Nintendo of America Inc. Defined Benefit Retirement Plan
  • TYPE ind #7781

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

Ryerson Pension Plan$200MZurn Pension Plan$200MCarmax, Inc. Pension Plan$199MNintendo of America Inc. Defined Benefit Retirement PlanNintendo of America Inc. Def…$199MPension Plan of Steamfitters Pension Fund 475Pension Plan of Steamfitters…$198M
End-of-year total assets ($M) among Carmax, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$204M
Net Assets (End of Year)$199M
Net Income-$5M
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): 0.199209672 · Participants: 2563Carmax, Inc. Pension PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion 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 Nintendo of America Inc. Defined Benefit Retirement Plan in WA ($199M); by covered participants it is Group Retirement Income Plan No. 10 in IL (2,560 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($199M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,563 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Carmax, Inc. Pension Plan edged down modestly - down 2.6% during 2024, from $204M to $199M. Reported net income was -$5M.
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 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% 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 Nintendo of America Inc. Defined Benefit Retirement Plan in WA ($199M, 715 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 Group Retirement Income Plan No. 10 in IL (2,560 participants, $2.0B in assets).

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.