Carmax 401(k) and pension plans

Carmax, Inc., Richmond, VA. EIN 54-1821055. Annual reports 2009–2024. Also filed as Carmax, Inc; Carmax. Inc.; Carmax Inc.

Carmax, Inc. has 2 active retirement plans on file. The largest is the Carmax, Inc. Retirement Savings Plan, with 33,911 participants and $1.8 billion in assets in 2024. T. Rowe Price has been its recordkeeper since 2016.

Active plans: 2
Participants: 40,957
Plan assets: $2.0 billion
401(k) recordkeeper: T. Rowe Price
Plans on file: 2
Industry: Retail

All 2 plans

Active plans first

Carmax, Inc. Retirement Savings Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 003Employer EIN 54-1821055
Participants (2024): 33,911
Net assets (2024): $1.8 billion
Recordkeeper: T. Rowe PriceEarlier: 401K and Advisors (2015), T. Rowe Price (2009–2014)
Plan administrator: Benefits Administrative Committee of Carmax, Inc.
100 Shockoe Slip FL 2
Richmond, VA 23219
(804) 747-0422As filed for 2024
In effect since: October 1, 2002

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	33,911	$1.8 billion	T. Rowe Price
2023	34,481	$1.5 billion	T. Rowe Price
2022	35,874	$1.2 billion	T. Rowe Price
2021	35,185	$1.4 billion	T. Rowe Price
2020	30,408	$1.1 billion	T. Rowe Price
2019	31,000	$950 million	T. Rowe Price
2018	30,099	$724 million	T. Rowe Price
2017	28,889	$715 million	T. Rowe Price
2016	26,646	$548 million	T. Rowe Price
2015	27,534	$478 million	401K and Advisors
2014	23,584	$439 million	T. Rowe Price
2013	20,625	$378 million	T. Rowe Price
2012	20,145	$280 million	T. Rowe Price
2011	17,845	$218 million	T. Rowe Price
2010	17,565	$192 million	T. Rowe Price
2009	14,869	$140 million	T. Rowe Price

Carmax, Inc. Pension Plan

Pension (defined benefit), frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 004Employer EIN 54-1821055
Participants (2024): 7,046
Net assets (2024): $199 million
Administered by: Aon2022–2024
Plan administrator: Benefits Administrative Committee of Carmax Inc
12800 Tuckahoe Creek Pkwy
Richmond, VA 23238
(804) 747-0422As filed for 2024
In effect since: March 1, 2002

Earlier plan names: Carmax, Inc Pension Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	7,046	$199 million	Aon
2023	7,677	$204 million	Aon
2022	7,765	$184 million	Aon
2021	7,862	$232 million	not listed
2020	7,928	$207 million	not listed
2019	7,968	$183 million	not listed
2018	8,053	$152 million	not listed
2017	8,138	$167 million	not listed
2016	8,261	$140 million	not listed
2015	8,416	$128 million	not listed
2014	8,656	$132 million	not listed
2013	8,955	$126 million	not listed
2012	9,385	$104 million	not listed
2011	9,785	$94.3 million	not listed
2010	10,323	$91.1 million	not listed
2009	10,948	$79.0 million	not listed

If you had money in one of these plans

Call T. Rowe Price (troweprice.com), which runs the Carmax, Inc. Retirement Savings Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((804) 747-0422). That number was filed for 2024; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 2 plans

Carmax, Inc. Retirement Savings Plan

Carmax, Inc. Pension Plan

If you had money in one of these plans

What these numbers are

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