# Carmax, INC. DB Plan
Source: https://planprovider.pro/companies/carmax-inc-plan-004

> Carmax, INC.'s DB plan: 2,393 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 PKWY, RICHMOND, VA, 232381115

- **Plan Type:** DB

- **Total Participants:** 2,393

- **Total Assets:** $199.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|2,393|$199.2M|$0|$0|

| 2023|2,563|$204.5M|$305,000|$0|

| 2022|2,741|$184.3M|$0|$0|

## 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|$15,000|—|$15,000|

### 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:** $15,000

- **Estimated Expense Ratio:** 0.008% 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|$2,187,095|—|—|$15,000|—|

| 2023|$3,114,370|$196,000|—|—|—|

| 2022|$4,244,775|$200,000|—|—|$4,044,775|

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- [Carmax, INC.](https://planprovider.pro/companies/carmax-inc-401k-plan) — 29,008 participants

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