Carmax, Inc. 401(k) Plan: Login, Facts & Contact Information
Carmax, Inc. 401(k) Login
4,168 former Carmax, Inc. employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Carmax, Inc. 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 9, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $179.8 million went into the plan in contributions, $71.2 million of it from the employer (40%).
- $124.0 million was paid out to participants.
- Investment and other income added $229.2 million.
- Administrative expenses were $1.04 million, about $46 per account.
How the Carmax, Inc. 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 29,307 | $950.0 million | $46.7 million | $60.2 million |
| 2020 | 31,005 | $1.11 billion | $48.1 million | $120.8 million |
| 2021 | 29,603 | $1.37 billion | $60.5 million | $80.1 million |
| 2022 | 35,167 | $1.21 billion | $65.2 million | $76.3 million |
| 2023 | 35,868 | $1.53 billion | $68.3 million | $97.2 million |
| 2024 | 34,489 | $1.81 billion | $71.2 million | $124.0 million |
Carmax, Inc. 401(k) Contact Information
Questions about the Carmax, Inc. 401(k)
Does Carmax, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $71.2 million, 40% of all contributions.
Does the Carmax, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Carmax, Inc 401(k) plan?
34,489 participants at the start of plan year 2024, 29,008 of them active employees, and 4,168 former employees who still had money in the plan.
What is the average 401(k) balance at Carmax, Inc?
About $80,782 per account: $1.81 billion in plan assets across 22,441 accounts with a balance at the end of plan year 2024.
Who manages the Carmax, Inc 401(k) accounts?
T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Carmax, Inc. How do I access my 401(k)?
Your account stays with T. Rowe Price after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.