Charles Schwab
recordkeeper471 known aliases resolved via the canonical alias map
Market position · 2024
Plans served2,958+11 YoYRank #8 of mapped providers
Assets under administration$944.3B1.1%Market share · rank #12
Fees received$522MMedian $6,905/planSum across Schedule C direct + indirect
Net wins YoY+23515 won · 492 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Charles Schwab plan look like?
Service mix · median fees per plan
Count of plans where Charles Schwab ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Shareholder servicing fees; Securities brokerage; Sub-transfer agency feesCode 33 | 988 | $298 | |
Sub-transfer agency fees; Shareholder servicing fees; Soft dollars commissions; Distribution (12b-1) feesCode 59 | 919 | $0 | |
Trustee (directed); Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan; Recordkeeping fees; Custodial (securities)Code 15 | 880 | $62,055 | |
Trustee (directed); Shareholder servicing fees; Trustee (bank, trust company, or similar financial institution); Custodial (securities); Float revenueCode 19 | 797 | $4,596 | |
Other feesCode 99 | 158 | $0 | |
Trustee (directed); Shareholder servicing fees; Direct payment from the plan; Trustee (bank, trust company, or similar financial institution); Custodial (other than securities); Investment management; Float revenueCode 18 | 105 | $2,739 | |
Shareholder servicing fees; Securities brokerage commissions and fees; Investment advisory (participants); Securities brokerage; Direct payment from the planCode 26 | 85 | $2,615 | |
Sub-transfer agency fees; Float revenue; Investment managementCode 28 | 69 | $777 |
Competitor overlap
Percent of Charles Schwab's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Charles Schwab.
| Sponsor | From | Assets |
|---|---|---|
GOOGLE LLCCA · 770493581-001 | Vanguard | $48.7B |
KAISER FOUNDATION HEALTH PLAN, INC.CA · 941340523-025 | Vanguard | $22.5B |
THE HOME DEPOT, INC.GA · 953261426-001 | (new plan) | $14.1B |
KAISER FOUNDATION HEALTH PLAN, INC.CA · 941340523-039 | Vanguard | $13.8B |
BOOZ ALLEN HAMILTON INC.VA · 362513626-001 | Olio Financial Planning LLC | $9.3B |
SAP AMERICA, INC.PA · 363556041-001 | Vanguard | $8.1B |
KAISER FOUNDATION HEALTH PLAN, INC.CA · 941340523-003 | Vanguard | $5.7B |
NEXTERA ENERGY, INC.FL · 592449419-001 | Mackay Shields LLC | $5.3B |
ADOBE INC.CA · 770019522-001 | Vanguard | $5.0B |
FARMERS GROUP, INC.CA · 950725935-002 | Wellington Company LLP | $5.0B |
Plans lost in 2024
Appeared last year under Charles Schwab; not this year.
| Sponsor | To | Assets |
|---|---|---|
APPLE INC.CA · 942404110-001 | Financial Engines Advisors LLC | $19.8B |
SOUTHWEST AIRLINES CO.TX · 741563240-001 | Empower | $5.8B |
LABORATORY CORPORATION OF AMERICA HOLDINGSNC · 133757370-003 | Fidelity Investments | $3.9B |
HY-VEE, INC.IA · 420325638-002 | Principal | $2.4B |
SANTANDER HOLDINGS USA, INC.PA · 232453088-002 | Empower | $1.6B |
COMMUNITY HEALTH NETWORK, INC.IN · 350983617-004 | Empower | $1.4B |
HUBBELL INCORPORATEDCT · 060397030-060 | Morningstar Investment Management | $1.2B |
SOUTHCOAST HOSPITALS GROUP, INC.MA · 222592333-001 | Transamerica | $1.0B |
CONSTELLATION BRANDS, INC.NY · 160716709-002 | Empower | $979M |
CENTRA HEALTH, INC.VA · 540715569-002 | Fidelity Investments | $670M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
GOOGLE LLCCA · 770493581-001 | $48.7B | 155,598 | $261,716 | 1y | 1 |
KAISER FOUNDATION HEALTH PLAN, INC.CA · 941340523-025 | $22.5B | 179,236 | $18,655 | 1y | 1 |
SOUTHWEST AIRLINES CO.TX · 741563240-004 | $17.0B | 85,685 | $12,428 | 10y | 1 |
UNITED AIRLINES, INC.IL · 742099724-202 | $16.8B | 20,168 | $970,232 | 10y | 1 |
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONNJ · 134994650-001 | $16.1B | 202,919 | $502,376 | 6y | - |
THE HOME DEPOT, INC.GA · 953261426-001 | $14.1B | 439,390 | $0 | 1y | 1 |
KAISER FOUNDATION HEALTH PLAN, INC.CA · 941340523-039 | $13.8B | 105,882 | $53,551 | 1y | 1 |
SOUTHWEST AIRLINES COMPANYTX · 741563240-003 | $11.6B | 13,086 | $577,776 | 10y | 1 |
NORTHWELL HEALTH, INC.NY · 113418133-003 | $10.9B | 65,962 | $0 | 2y | - |
3M COMPANYMN · 410417775-333 | $10.6B | 40,574 | $0 | 4y | 1 |
Flag exposure
82.1%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (471)
Raw Schedule C names collapsed into Charles Schwab.
- BEARDS BUILDERS LLC
- BEARDUCCI/ANDERSO/CETERA
- BEDEL FINANCIAL CONSULTING
- BEDEL FINANCIAL CONSULTING INC
- BEDEL FINANCIAL CONSULTING INC.
- BEDEL FINANCIAL CONSULTING, INC.
- BEDELL FRAZIER INVESTMENT COUN
- BEDROCK GROUP
- BEESON, HOFFMAN AND SIDDALL INC
- BEEVER D
- BEHAVIORAL HEALTH SERVICES INC
- BEHRENS & BANKS
- BEHRENS & BANKS, P.C.
- BEHRENS & BANKS, PC
- BEI WANG
- BEIMDIEK INSURANCE AGENCY INC
- BEIMDIEK INSURANCE AGENCY, INC.
- BEIRNE WEALTH CONSUTLING SERVICES
- BEKA'S CATERING
- BEKAERT LLP
- BEKOE, KOFI
- BEL AIR INVESTMENT ADVISORS LLS
- BEL AIR INVESTMENT ADVISORS, LLC
- BEL AIR SECURITIES
- BEL-AIRE MECHANICAL
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Charles Schwab's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 50 | 1.69% | 7.76% | -6.07 pp |
| Fidelity bond gap | 52 | 1.76% | 26.94% | -25.18 pp |
| Late contributions | 580 | 19.61% | 1.71% | +17.89 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 981 | 33.16% | 1.76% | +31.41 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Charles Schwab. Compare to the incumbent market share (4.4%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-4.4 pp vs incumbent
Frequent partners by role
Who else shows up on Charles Schwab's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| Milliman | 166 | 5.6% |
| Creative Planning | 103 | 3.5% |
| Fischer Investment Strategies | 79 | 2.7% |
| Morningstar Investment Management | 69 | 2.3% |
| USI Consulting Group | 68 | 2.3% |
| USI Advisors Inc. | 49 | 1.7% |
| SageView | 48 | 1.6% |
| Global Retirement Partners LLC | 47 | 1.6% |
| CAPTRUST | 46 | 1.6% |
| Fiducient Advisors | 45 | 1.5% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).