Plan Snapshot
- Plan Sponsor: The Charles Schwab Corporation
- Sponsor EIN: 943025021
- Sponsor Address: 3000 SCHWAB WAY, WESTLAKE, TX, 76262
- Plan Type: 401(k)
- Total Participants: 32,145
- Total Assets: $8.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 32,145 | $8.9B | $218.1M | $419.4M |
| 2023 | 34,203 | $8.0B | $232.8M | $429.1M |
| 2022 | 33,913 | $6.6B | $216.4M | $382.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES | Recordkeeper | $2,750,314 | — | $2,750,314 |
| CHARLES SCHWAB & CO., INC. | Recordkeeper | $319,890 | — | $319,890 |
| CREATIVE PLANNING LLC | Investment Advisor | $130,966 | — | $130,966 |
| MARINER LLC | Other Service Provider | $121,513 | — | $121,513 |
| ENVESTNET ASSET MANAGEMENT INC | Other Service Provider | $112,782 | — | $112,782 |
| MAIN STREET RESEARCH LLC | Other Service Provider | $62,562 | — | $62,562 |
| PRIVATE OCEAN | Other Service Provider | $55,519 | — | $55,519 |
| DOUGLAS LANE & ASSOCIATES LLC | Other Service Provider | $49,416 | — | $49,416 |
| JMG FINANCIAL GROUP LTD | Other Service Provider | $48,419 | — | $48,419 |
| COOKSON PEIRCE & CO INC | Other Service Provider | $38,673 | — | $38,673 |
| CORIENT PRIVATE WEALTH LLC | Investment Advisor | $37,260 | — | $37,260 |
| HIGHTOWER ADVISORS LLC | Other Service Provider | $35,516 | — | $35,516 |
| AT INVESTMENT ADVISERS INC | Other Service Provider | $35,059 | — | $35,059 |
| KOHMANN BOSSHARD FINANCIAL SER | Other Service Provider | $34,119 | — | $34,119 |
| TCI WEALTH ADVISORS INC | Investment Advisor | $33,139 | — | $33,139 |
| ASCENSION WEALTH PARTNERS LLC | Other Service Provider | $30,599 | — | $30,599 |
| BEACON POINTE ADVISORS LLC | Investment Advisor | $28,592 | — | $28,592 |
| ARMOR INVESTMENT ADVISORS LLC | Other Service Provider | $27,531 | — | $27,531 |
| EP WEALTH ADVISORS LLC | Other Service Provider | $25,609 | — | $25,609 |
| RWA WEALTH PARTNERS LLC | Other Service Provider | $25,418 | — | $25,418 |
| THE COLONY GROUP LLC | Other Service Provider | $24,333 | — | $24,333 |
| CERITY PARTNERS LLC | Other Service Provider | $23,590 | — | $23,590 |
| LONGVIEW FINANCIAL ADVISORS LL | Other Service Provider | $22,593 | — | $22,593 |
| INTEROCEAN CAPITAL GROUP LLC | Other Service Provider | $21,241 | — | $21,241 |
| WEALTHSPIRE ADVISORS LLC | Other Service Provider | $21,165 | — | $21,165 |
| FREESTONE CAPITAL MANAGEMENT L | Other Service Provider | $20,904 | — | $20,904 |
| SIGNATUREFD LLC | Other Service Provider | $20,340 | — | $20,340 |
| CAPITAL ADVISORS INC | Other Service Provider | $19,165 | — | $19,165 |
| WEALTH ENHANCEMENT ADVISORY SE | Other Service Provider | $18,497 | — | $18,497 |
| WILLIAMS JONES WEALTH MANAGEME | Other Service Provider | $17,368 | — | $17,368 |
| FISHER INVESTMENTS | Recordkeeper | $15,860 | — | $15,860 |
| LUTZ FINANCIAL SERVICES LLC | Other Service Provider | $15,195 | — | $15,195 |
| PLANTE MORAN FINANCIAL ADVISOR | Other Service Provider | $13,825 | — | $13,825 |
| SEQUOIA FINANCIAL ADVISORS LLC | Other Service Provider | $13,278 | — | $13,278 |
| CAPITAL ADVANTAGE INC | Other Service Provider | $12,715 | — | $12,715 |
| TRELLIS WEALTH ADVISORS LLC | Other Service Provider | $12,576 | — | $12,576 |
| THE BURNEY COMPANY | Other Service Provider | $12,497 | — | $12,497 |
| IRONWOOD INVESTMENT COUNSEL LL | Other Service Provider | $12,068 | — | $12,068 |
| JOHNSON INVESTMENT COUNSEL INC | Other Service Provider | $11,939 | — | $11,939 |
| ROFFMAN MILLER ASSOCIATES INC | Other Service Provider | $11,462 | — | $11,462 |
| SCHAEFER FINANCIAL MANAGEMENT | Other Service Provider | $10,896 | — | $10,896 |
| SIGNATURE ESTATE & INVESTMENT | Other Service Provider | $10,817 | — | $10,817 |
| PRIVATE CAPITAL MANAGEMENT LLC | Other Service Provider | $10,548 | — | $10,548 |
| WCG WEALTH ADVISORS LLC | Other Service Provider | $10,412 | — | $10,412 |
| LODESTAR PRIVATE ASSET MANAGEM | Other Service Provider | $10,400 | — | $10,400 |
| PURE FINANCIAL ADVISORS LLC | Other Service Provider | $10,377 | — | $10,377 |
| DESTINATION WEALTH MANAGEMENT | Other Service Provider | $10,360 | — | $10,360 |
| HERITAGE FINANCIAL SERVICES | Other Service Provider | $9,625 | — | $9,625 |
| CHICAGO PARTNERS INVESTMENT GR | Other Service Provider | $9,368 | — | $9,368 |
| WOODLEY FARRA MANION PORTFOLIO | Other Service Provider | $9,161 | — | $9,161 |
| EMPIRICAL FINANCIAL SERVICES L | Other Service Provider | $8,629 | — | $8,629 |
| GYL FINANCIAL SYNERGIES LLC | Other Service Provider | $8,368 | — | $8,368 |
| KALTBAUM CAPITAL MANAGEMENT LL | Other Service Provider | $7,961 | — | $7,961 |
| FINANCIAL SYNERGIES WEALTH ADV | Other Service Provider | $7,911 | — | $7,911 |
| MOUNT TAMALPAIS ASSET MANAGEME | Other Service Provider | $7,789 | — | $7,789 |
| APRIEM ADVISORS | Other Service Provider | $7,612 | — | $7,612 |
| GEMMER ASSET MANAGEMENT LLC | Other Service Provider | $7,016 | — | $7,016 |
| BOULAY FINANCIAL ADVISORS LLC | Other Service Provider | $6,910 | — | $6,910 |
| ZEGA INVESTMENTS | Other Service Provider | $6,852 | — | $6,852 |
| MOLLER WEALTH PARTNERS INC | Other Service Provider | $6,664 | — | $6,664 |
| BADGLEY PHELPS WEALTH MANAGERS | Other Service Provider | $6,260 | — | $6,260 |
| ZEGA FINANCIAL LLC | Other Service Provider | $6,139 | — | $6,139 |
| STEELPEAK WEALTH LLC | Investment Advisor | $6,070 | — | $6,070 |
| SPECTRUM ASSET MANAGEMENT INC | Other Service Provider | $5,948 | — | $5,948 |
| BUCKINGHAM STRATEGIC PARTNERS | Other Service Provider | $5,625 | — | $5,625 |
| WEALTH MGMT SOLUTIONS LLC | Other Service Provider | $5,399 | — | $5,399 |
| PITTENGER & ANDERSON INC | Other Service Provider | $5,273 | — | $5,273 |
| BERKELEY CAPITAL PARTNERS LLC | Other Service Provider | $5,267 | — | $5,267 |
| AVIOR WEALTH MANAGEMENT LLC | Other Service Provider | $5,242 | — | $5,242 |
| CARY STREET PARTNERS | Investment Advisor | $5,099 | — | $5,099 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES — Recordkeeper
- CHARLES SCHWAB & CO., INC. — Recordkeeper
- CREATIVE PLANNING LLC — Investment Advisor
- CORIENT PRIVATE WEALTH LLC — Investment Advisor
- TCI WEALTH ADVISORS INC — Investment Advisor
- BEACON POINTE ADVISORS LLC — Investment Advisor
- FISHER INVESTMENTS — Recordkeeper
- STEELPEAK WEALTH LLC — Investment Advisor
- CARY STREET PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,577,505
- Estimated Expense Ratio: 0.051% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,368,440 | $4,104,122 | — | — | — |
| 2023 | $3,617,082 | $3,345,462 | — | — | — |
| 2022 | $3,378,391 | $1,126,405 | — | — | — |