Retirement plan

SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN

Name: THE CHARLES SCHWAB CORPORATION - SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN (2017) Form 5500
Creator: THE CHARLES SCHWAB CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN, THE CHARLES SCHWAB CORPORATION

THE CHARLES SCHWAB CORPORATIONEIN 94-3025021Plan #002PY 2017

211 MAIN STREET - SAN FRANCISCO, CA 94105415-667-7000schwab.comLinkedIn10001+ employeesfinancial services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 16, 2013 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$3824.6M

+17.4% from 2016

Total participants

22,256

+8.1% from 2016

Average account balance

$174,665

+8.5% from 2016

Annual return

18.26%

+6.73 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort80 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.93B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$207K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

43,060

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$637.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.35%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$101

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 23 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 12 · EIN 34-1479833	Recordkeeping and information managem...	$1,766,090
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO INC Service code 28 · EIN 94-1737782	Investment Management	$518,616
PRIVATE OCEAN3+ years Service code 27 · EIN 20-5742052	Advisory (Plan)	$45,106
DOUGLAS LANE & ASSOCIATES LLC2 years Service code 27 · EIN 81-0698246	Advisory (Plan)	$35,524
SCHARF INVESTMENTS LLC3+ years Service code 27 · EIN 26-3775085	Advisory (Plan)	$30,899
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: FRONTIER INVESTMENT MGMT Service code 27 · EIN 75-2328323	Advisory (Plan)	$22,031
TCI WEALTH ADVISORS INC2 years Service code 27 · EIN 86-1002710	Advisory (Plan)	$20,576
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB INVESTMENT ADVISORS Service code 27 · EIN 94-1737782	Advisory (Plan)	$18,335
ASCENSION WEALTH PARTNERS LLC2 years Service code 27 · EIN 51-0666181	Advisory (Plan)	$17,927
CAPITAL ADVANTAGE INC3+ years Service code 27 · EIN 94-3307876	Advisory (Plan)	$17,045

Plan features & details

Pension benefit codes2E2F2H2J2K2O2R3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$72 / participant

Contract admin$1M99.9%
Other / not subdivided$8450.1%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$174,665

$112,134+55.8%

$149,716+16.7%

$80,976+115.7%

Participation rate

97.9%

87.3%+10.6pp

87.1%+10.8pp

68.3%+29.6pp

Annual return

18.26%

17.23%+1.0pp

1501.67%-1483.4pp

22.91%-4.7pp

Employer contribution / active EE

$5,466

$3,991+36.9%

$5,444+0.4%

$2,402+127.5%

Participant deferral / active EE

$9,364

$6,036+55.1%

$6,568+42.6%

$3,848+143.3%

Admin fee / account holder

$55

$109-49.4%

$11,282-99.5%

$67-18.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 12 · EIN 34-1479833

Recordkeeping and information managem...

$1,766,090

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 28 · EIN 94-1737782

Investment Management

$518,616

PRIVATE OCEAN3+ years

Service code 27 · EIN 20-5742052

Advisory (Plan)

$45,106

DOUGLAS LANE & ASSOCIATES LLC2 years

Service code 27 · EIN 81-0698246

Advisory (Plan)

$35,524

SCHARF INVESTMENTS LLC3+ years

Service code 27 · EIN 26-3775085

Advisory (Plan)

$30,899

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: FRONTIER INVESTMENT MGMT

Service code 27 · EIN 75-2328323

Advisory (Plan)

$22,031

TCI WEALTH ADVISORS INC2 years

Service code 27 · EIN 86-1002710

Advisory (Plan)

$20,576

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB INVESTMENT ADVISORS

Service code 27 · EIN 94-1737782

Advisory (Plan)

$18,335

ASCENSION WEALTH PARTNERS LLC2 years

Service code 27 · EIN 51-0666181

Advisory (Plan)

$17,927

CAPITAL ADVANTAGE INC3+ years

Service code 27 · EIN 94-3307876

Advisory (Plan)

$17,045

SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion