Employers › Carmax
Recordkeeping fees per participant · Carmax, Inc. Retirement Savings Plan · plan year 2024
$44.09
Higher than 73% of the 790 plans over $1B that report it.
= $989,355 / 22,441
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009131326NAL0003600067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009131326NAL0003600067001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-09.
Administrative expenses excluding investment management, per participant
$45.69
Higher than 52% of the 1,045 plans over $1B that report it.
= $1,025,437 / 22,441
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009131326NAL0003600067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009131326NAL0003600067001, received 2025-10-09
Administrative expenses per participant
$46.47
Higher than 26% of the 1,076 plans over $1B that report it.
= $1,042,836 / 22,441
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009131326NAL0003600067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009131326NAL0003600067001, received 2025-10-09
Administrative expenses as a share of assets
0.058%
Higher than 62% of the 1,076 plans over $1B that report it.
= $1,042,836 / $1,812,838,022
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009131326NAL0003600067001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009131326NAL0003600067001, received 2025-10-09
Employer contributions per participant
$3,173
Higher than 41% of the 1,135 plans over $1B that report it.
= $71,211,893 / 22,441
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009131326NAL0003600067001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009131326NAL0003600067001, received 2025-10-09
Employer share of total contributions
39.6%
Higher than 74% of the 1,135 plans over $1B that report it.
= $71,211,893 / $179,776,523
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009131326NAL0003600067001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009131326NAL0003600067001, received 2025-10-09
Plan terms are described in Carmax, Inc.'s SEC filings: Form 10-K filed 2026-04-15. No term could be quoted from them with the required precision.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009131326NAL0003600067001, received 2025-10-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CARMAX, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Plan name | CARMAX, INC. RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Sponsor EIN / plan number | 54-1821055 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Sponsor location | RICHMOND, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Industry (business code) | 441120, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Participants, beginning of year | 34,489 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Active participants | 29,008 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Participants, end of year | 33,911 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Participants with an account balance | 22,441 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total assets, beginning of year | $1,528,978,894 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total assets, end of year | $1,812,838,022 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Net assets, end of year | $1,812,838,022 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total income | $409,021,654 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Net income | $283,859,128 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Employer contributions | $71,211,893 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Participant contributions | $100,631,354 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Other contributions (incl. rollovers) | $7,933,276 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total contributions | $179,776,523 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Benefit payments | $124,011,520 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $125,162,526 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Total administrative expenses | $1,042,836 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Recordkeeping fees | $989,355 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| IQPA audit fees | $24,200 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Investment advisory and management fees | $17,399 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Administrative expenses excluding investment management | $1,025,437 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Held in common/collective trusts | $1,628,710,832 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Held in mutual funds | $124,756,271 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009131326NAL0003600067001, received 2025-10-09 |
| Independent auditor | FORVIS MAZARS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009131326NAL0003600067001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009131326NAL0003600067001, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $989,355 | yes |
| FORVIS MAZARS, LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $24,200 | no |
| MORNINGSTAR | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $17,399 | no |
| ALIGHT SOLUTIONS LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $11,700 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251009131326NAL0003600067001, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,528,978,894 | $1,812,838,022 | 18.6% |
| Participants with a balance | 22,288 | 22,441 | 0.7% |
| Administrative expenses | $1,125,112 | $1,042,836 | -7.3% |
| Recordkeeping fees per participant | $48.51 | $44.09 | -9.1% |
| Employer contributions | $68,253,139 | $71,211,893 | 4.3% |
Prior filing 20241009145633NAL0009327523001, received 2024-10-09; the plan years are contiguous.
Sponsor name as filed: CARMAX, INC.; SEC registrant: CARMAX INC (CIK 1170010, matched by EIN; display name from the Form 10-K cover).