# Carmax, INC. 401(k) Plan
Source: https://planprovider.pro/companies/carmax-inc-401k-plan

> Carmax, INC.'s 401(k) plan: 29,008 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Carmax, INC.

- **Sponsor EIN:** 541821055

- **Sponsor Address:** 12800 TUCKAHOE CREEK PARKWAY, RICHMOND, VA, 23238

- **Plan Type:** 401(k)

- **Total Participants:** 29,008

- **Total Assets:** $1.8B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|29,008|$1.8B|$71.2M|$100.6M|

| 2023|29,688|$1.5B|$68.3M|$96.9M|

| 2022|31,272|$1.2B|$65.2M|$93.7M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FORVIS MAZARS, LLP|Auditor|$24,200|—|$24,200|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $24,200

- **Estimated Expense Ratio:** 0.001% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$1,042,836|$17,399|—|$24,200|—|

| 2023|$1,125,112|$15,205|—|$21,900|—|

| 2022|$1,034,654|$15,178|—|—|$31,250|

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