401k Record

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Carvana Auto Receivables 401(k)

Recordkeeping fees per participant · Carvana, LLC 401(k) Plan · plan year 2024

$65.89

Higher than 72% of the 1,697 plans $250M to 1B that report it.

Source

= $515,490 / 7,824
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260226112020NAL0007763954001, received 2026-02-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260226112020NAL0007763954001, received 2026-02-26

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 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 2026-02-26.

Cost and contributions

Administrative expenses excluding investment management, per participant

$65.96

10th: $18.52median $67.2190th: $147.71

Higher than 48% of the 2,324 plans $250M to 1B that report it.

Source

= $516,090 / 7,824
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260226112020NAL0007763954001, received 2026-02-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260226112020NAL0007763954001, received 2026-02-26

Administrative expenses per participant

$65.96

10th: $27.95median $88.2590th: $203.68

Higher than 32% of the 2,405 plans $250M to 1B that report it.

Source

= $516,090 / 7,824
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260226112020NAL0007763954001, received 2026-02-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260226112020NAL0007763954001, received 2026-02-26

Administrative expenses as a share of assets

0.193%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 92% of the 2,407 plans $250M to 1B that report it.

Source

= $516,090 / $267,118,001
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260226112020NAL0007763954001, received 2026-02-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260226112020NAL0007763954001, received 2026-02-26

Employer contributions per participant

$1,047

10th: $1,169median $3,07390th: $8,346

Higher than 8% of the 2,457 plans $250M to 1B that report it.

Source

= $8,195,576 / 7,824
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260226112020NAL0007763954001, received 2026-02-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260226112020NAL0007763954001, received 2026-02-26

Employer share of total contributions

16.7%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 9% of the 2,459 plans $250M to 1B that report it.

Source

= $8,195,576 / $48,955,817
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260226112020NAL0007763954001, received 2026-02-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260226112020NAL0007763954001, received 2026-02-26

Plan terms, as stated in Carvana Auto Receivables LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3B · 3H controlled-group sponsor · 2E profit-sharing · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260226112020NAL0007763954001, received 2026-02-26

Full record, Carvana, LLC 401(k) Plan

FieldValueSource
Plan sponsorCARVANA, LLCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260226112020NAL0007763954001, received 2026-02-26
Plan nameCARVANA, LLC 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20260226112020NAL0007763954001, received 2026-02-26
Sponsor EIN / plan number45-4788036 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260226112020NAL0007763954001, received 2026-02-26
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260226112020NAL0007763954001, received 2026-02-26
Sponsor locationTEMPE, AZForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260226112020NAL0007763954001, received 2026-02-26
Industry (business code)441120, Retail tradeForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20260226112020NAL0007763954001, received 2026-02-26
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260226112020NAL0007763954001, received 2026-02-26
Filing received2026-02-26Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260226112020NAL0007763954001, received 2026-02-26
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260226112020NAL0007763954001, received 2026-02-26
Amended filingyesForm 5500, Part I line B; AMENDED_IND pos 7; filing 20260226112020NAL0007763954001, received 2026-02-26
Participants, beginning of year15,504Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260226112020NAL0007763954001, received 2026-02-26
Active participants17,481Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260226112020NAL0007763954001, received 2026-02-26
Participants, end of year19,211Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260226112020NAL0007763954001, received 2026-02-26
Participants with an account balance7,824Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260226112020NAL0007763954001, received 2026-02-26
Total assets, beginning of year$215,783,070Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260226112020NAL0007763954001, received 2026-02-26
Total assets, end of year$267,118,001Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260226112020NAL0007763954001, received 2026-02-26
Net assets, end of year$267,118,001Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260226112020NAL0007763954001, received 2026-02-26
Total income$80,330,531Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260226112020NAL0007763954001, received 2026-02-26
Net income$51,334,977Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260226112020NAL0007763954001, received 2026-02-26
Employer contributions$8,195,576Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260226112020NAL0007763954001, received 2026-02-26
Participant contributions$34,365,352Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260226112020NAL0007763954001, received 2026-02-26
Other contributions (incl. rollovers)$6,394,889Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260226112020NAL0007763954001, received 2026-02-26
Total contributions$48,955,817Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260226112020NAL0007763954001, received 2026-02-26
Benefit payments$26,999,223Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260226112020NAL0007763954001, received 2026-02-26
Total expenses (incl. benefit payments)$28,995,554Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260226112020NAL0007763954001, received 2026-02-26
Total administrative expenses$516,090Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260226112020NAL0007763954001, received 2026-02-26
Contract administrator fees$600Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20260226112020NAL0007763954001, received 2026-02-26
Recordkeeping fees$515,490Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260226112020NAL0007763954001, received 2026-02-26
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20260226112020NAL0007763954001, received 2026-02-26
Investment advisory and management fees$0Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20260226112020NAL0007763954001, received 2026-02-26
Administrative expenses excluding investment management$516,090derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260226112020NAL0007763954001, received 2026-02-26
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20260226112020NAL0007763954001, received 2026-02-26
Held in common/collective trusts$1,480,997Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20260226112020NAL0007763954001, received 2026-02-26
Held in mutual funds$257,755,545Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260226112020NAL0007763954001, received 2026-02-26
Independent auditorGRANT THORNTON.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260226112020NAL0007763954001, received 2026-02-26

Position = column in the DOL layout for form year 2024. Filing 20260226112020NAL0007763954001, received 2026-02-26.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees $516,674yes

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 20260226112020NAL0007763954001, received 2026-02-26.

What changed since the 2023 plan year

Figure20232024Change
Total assets$215,783,070$267,118,00123.8%
Participants with a balance7,3567,8246.4%
Administrative expenses$790,653$516,090-34.7%
Recordkeeping fees per participant$107.44$65.89-38.7%
Employer contributions$7,721,597$8,195,5766.1%

Prior filing 20241028161852NAL0005603920001, received 2024-10-28; the plan years are contiguous.

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Sponsor name as filed: CARVANA, LLC; SEC registrant: Carvana Auto Receivables LLC (CIK 1692437, matched by EIN).