Form 5500 · Employee benefit plan · RICHMOND, VA
CARMAX, INC
The filing calls this plan CARMAX, INC MASTER WELFARE PLAN.
CARMAX, INC of RICHMOND, VA is a 29,457-participant retail employer — a large group whose insured benefits are disclosed on Schedule A of its Form 5500. Its broker of record is PACIFIC RESOURCES BENEFITS ADVISORS. Coverage is written through PRUDENTIAL INSURANCE COMPANY OF AMERICA and 3 other carriers. The plan's most recent policy period ended in February.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 54-1821055 · plan 514 · plan year 2025, filed Dec 3, 2025
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65 other employer plans in Virginia have policy years ending in February. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 2 insured health contracts, with KAISER FOUNDATION HEALTH PLAN, INC., covers 1,080 of 29,457 participants (3.7%) on Schedule A.
2 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 6 insured contracts covering health, life and disability; the largest, with PRUDENTIAL INSURANCE COMPANY OF AMERICA, covers 31,551 people.
The filing declares health, life, disability, dental and vision. Dental and vision appear with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 2 contracts here that do not say what they cover.
Reported premium across the insured contracts is $21,840,686, with $566,068 in disclosed broker commissions — about 2.6% of premium.
The health contract's policy period ended in February, while at least one ancillary line's policy period ended in August. The plan is on a split renewal cycle.
PACIFIC RESOURCES BENEFITS ADVISORS is the broker of record on 1 of the 6 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Life, Disability | 28,806 | Mar 1, 2025 | $2,259,587 | $436,935 |
| CONTINENTAL AMERICAN INSURANCE COMPANY | — | 11,357 | Mar 1, 2025 | $2,571,740 | $129,133 |
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Disability | 31,551 | Mar 1, 2025 | $8,374,479 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 1,080 | Mar 1, 2025 | $5,428,772 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 623 | Mar 1, 2025 | $3,169,058 | $0 |
| NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA | — | 29,601 | Aug 3, 2025 | $37,050 | $0 |
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.
Other plans filed by this employer
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