Plan Ledger DOL Form 5500 · updated monthly

Carvana, LLC401(k)

CARVANA, LLC 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Carvana, LLC reported $516,090 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $469 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.47% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 61st-largest of 1,285 plans among Arizona employers on file, and the 169th of 5,215 in retail trade. In 2024, employees put in $4.19 for every $1.00 the employer contributed; active participation has grown from 11,717 to 17,481 since 2022.

Plan summary
Net assets, end of year$267,118,001
Participants with balances7,824
Active participants17,481
Employer contributions$8,195,576
Employee contributions$34,365,352
Employer contribution per active participant$469
Average account balance$34,141
Benefits paid to participants$26,999,223
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$267.1M · 7,824 accts · $8.2M emplr
2023$215.8M · 7,356 accts · $7.7M emplr
2022$172.0M · 6,983 accts · $8.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$516,090
Total administrative$516,090
The Carvana, LLC 401(k) match · 2024
Employer contribution per active participant$469
Median for plans this size$3,635
2024$469 per active participant
2023$567 per active participant
2022$755 per active participant

Carvana, LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$516,674

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$516,090 · 0.21%
2023$790,653 · 0.41%
2022$613,354 · 0.47%
Same employer
Similar plansRetail Trade · Arizona
Insight Enterprises, Inc. AZ$941.5M · 0.07%
Petsmart, Inc. AZ$667.2M · 0.15%
The Circle K Retirement Plan AZ$505.9M · 0.23%
Spencer's Tv and Appliance AZ$374.9M · 0.00%
Raleys Arizona LLC AZ$118.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454788036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.