Plan Ledger DOL Form 5500 · updated monthly

Carmax, Incbenefits

Carmax, Inc Master Welfare Plan · RICHMOND, VA · plan year 2024

Previously filed as Carmax, Inc. Same employer identification number; renames and acquisitions are why old benefits and 401(k) accounts get lost.

Broker compensation reported · 2024
$3,273,918

Carmax, Inc's benefits plans covered 29,514 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $3,273,918 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $111 per covered person, below the median for employer plans that report broker pay. Broker pay rose 124% from $1,459,734 in 2023.

Insurance contracts · 20246
NATIONAL UNION FIRE INS.OF PITTSBURGH, PApremiums n/a · 29,601 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life stdpremiums n/a · 28,806 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · ltdpremiums n/a · 31,551 covered
CONTINENTAL AMERICAN INSURANCE COMPANYpremiums n/a · 11,357 covered
KAISER FOUNDATION HEALTH PLAN, INC. · healthpremiums n/a · 623 covered
KAISER FOUNDATION HEALTH PLAN, INC. · healthpremiums n/a · 1,080 covered
Brokers & agents paid · 20248
SEDGWICK CLAIMS MANAGEMENT SERVICES$1,346,927 · incl $1,346,927 fees
SEDGWICK CLAIMS MANAGEMENT SERVICE$1,346,927 · incl $1,346,927 fees
PACIFIC RESOURCES BENEFITS ADVISORS$227,845
STRATEGIC NON MEDICAL SOLUTIONS LLC$209,090
MERCER HEALTH AND BENEFITS LLC$7,410 · incl $7,410 fees
IMG$6,585 · incl $6,585 fees
CFN AGENCY, INC DBA 16 LOMBARD$349
Also brokered by Sedgwick Claims Management Services5
Fmr LLC MA$3,694,305
Highmark Health PA$2,272,297

Why are you looking at this plan?

More

Source: DOL Form 5500 Schedule A, plan year 2024, EIN 541821055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.