Retirement plan

CARMAX, INC. RETIREMENT SAVINGS PLAN

Name: CARMAX, INC. - CARMAX, INC. RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: CARMAX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARMAX, INC. RETIREMENT SAVINGS PLAN, CARMAX, INC.

CARMAX, INC.EIN 54-1821055Plan #003PY 2016

12800 TUCKAHOE CREEK PARKWAY - RICHMOND, VA 23238804-747-0422carmax.comLinkedIn10001+ employeesretail

Other plans on this EIN

1 filing

#004Retirement-$140.6M assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed September 3, 2010 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$548.2M

+14.8% from 2015

Total participants

26,646

-3.2% from 2015

Average account balance

$28,662

+20.6% from 2015

Annual return

8.67%

+7.13 pp from 2015

Benchmarks

See 90 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort90 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.81B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$81K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

22,441

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.44%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$46

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$144,936
AETNA LIFE INSURANCE COMPANY1 year Filed as: AETNA Service code 50 P.O. BOX 70944 · CHICAGO, IL 60673	Direct Payment	$20,000
MORNINGSTAR2+ years Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$10,072
BKD, LLP2+ years Filed as: DIXON HUGHES GOODMAN LLP Service code 10 P.O. BOX 602828 · CHARLOTTE, NC 28260	Accounting	$8,500

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$184K

$8 / participant

Investment mgmt$10K5.5%
Other / not subdivided$173K94.5%

% of EOY assets

0.033%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,662

$38,963-26.4%

$71,796-60.1%

$329,111-91.3%

Participation rate

67.0%

53.8%+13.3pp

69.1%-2.1pp

67.9%-0.8pp

Annual return

8.67%

9.85%-1.2pp

78.04%-69.4pp

16.35%-7.7pp

Employer contribution / active EE

$1,409

$758+85.9%

$1,924-26.8%

$2,303-38.8%

Participant deferral / active EE

$1,699

$1,286+32.1%

$2,794-39.2%

$3,682-53.9%

Admin fee / account holder

$10

$50-81.0%

$4,815-99.8%

$754-98.7%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$144,936

AETNA LIFE INSURANCE COMPANY1 year

Filed as: AETNA

Service code 50

P.O. BOX 70944 · CHICAGO, IL 60673

Direct Payment

$20,000

MORNINGSTAR2+ years

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$10,072

BKD, LLP2+ years

Filed as: DIXON HUGHES GOODMAN LLP

Service code 10

P.O. BOX 602828 · CHARLOTTE, NC 28260

Accounting

$8,500

CARMAX, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARMAX, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion