Schwab Corporate & Retirement Services News

Schwab Retirement Plan Services, a Top 10 401(k) provider* to approximately 1.6 million workers saving through company retirement plans, today announced first-year results for Schwab Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower fund investment costs, simplify investing and help workers better prepare for retirement. more...

A growing number of employers are providing their employees with 401(k) plan features to help drive positive plan participation and encourage savings, according to data released today by Schwab Retirement Plan Services, a Top 10 401(k) provider to approximately 1.5 million company retirement plan participants.* Key statistics for 2011 include:

Schwab Retirement Plan Services has been named the top 401(k) provider in the categories of loyalty and overall satisfaction in a survey by Boston Research Group, affirming its standing as a leading provider of 401(k) plan services.

Loyalty Rankings

SAN FRANCISCO--(BUSINESS WIRE)--Schwab Retirement Plan Services, Inc., a major 401(k) provider to approximately 1.5 million workers saving through company retirement plans, today launched Schwab Index Advantage, a one-of-a-kind 401(k) plan offer designed to lower costs, simplify investing and help workers better prepare for retirement.

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, today released new insights into the growing number of employers providing their employees with value-added 401(k) plan features that help drive positive plan participation and savings behaviors. Key statistics include:

SAN FRANCISCO--(BUSINESS WIRE)--After a successful pilot, Charles Schwab today announced the official launch of a new Equity Award Consultation Team for corporate stock plan clients. The team will provide personalized education and guidance to U.S.-based participants in the corporate equity plans serviced by Schwab, regardless of a participant’s level at their company or the value of their equity holdings.

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab Bank, a trust and custody service provider to 401(k) and other retirement plans announced today the addition of the Schwab Institutional Diversified International Trust Fund to its suite of collective trust funds. The Fund, designed specifically for investment by retirement plan sponsors and participants, is available through Charles Schwab Trust Company, a division of Charles Schwab Bank.

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, today released the findings of a new research study which reveals that professional advice has a direct and positive impact on the behavior of 401(k) plan participants.

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab announced today that assets under management in its collective trust funds, designed specifically for retirement plan sponsors and participants and available through Charles Schwab Trust Company, a division of Charles Schwab Bank, recently surpassed $10 billion.

SAN FRANCISCO--(BUSINESS WIRE)--According to new data* from Charles Schwab, a 401(k) provider to approximately 1.5 million company retirement plan participants, employers remain focused on engaging their employees in retirement savings and providing 401(k) plan features that help drive positive savings behaviors. Through the end of 2009, 70 percent of plans serviced by Schwab made 401(k) investing advice available to participants, up from 62 percent in more...

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released a new corporate stock plan study revealing that most companies view stock plans as an important tool to motivate and reward workers at all levels. more...

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has introduced a new Co-Sourced Stock Plan Administration offer for corporate stock plan administrators seeking to outsource specific functions to improve efficiency while maintaining control of their company’s stock plan administration.