Schwab Corporate & Retirement Services News

4/23/13

Schwab Retirement Plan Services, a Top 10 401(k) provider* to approximately 1.6 million workers saving through company retirement plans, today announced the addition of Morningstar Associates, LLC (Morningstar) as a managed account provider for Schwab Index Advantage®, an innovative retirement plan solution combining low fund investment expense1 with personalized savings recommendations and investment management designed to help workers more...

2/20/13 9:30 pm PST

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...

11/18/12 10:00 pm PST

Charles Schwab has launched Compliance Solutions to help financial services firms and industry providers meet increasingly complex employee compliance and regulatory requirements.

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8/26/12 10:30 pm PDT

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:

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7/10/12 11:00 pm PDT

Schwab Retirement Business Services (RBS), a leading service provider for retirement plan advisors and independent recordkeepers, has launched a suite of support tools and programs to help advisors meet increased demand for their services in 401(k) and other workplace retirement plans. more...

6/19/12 10:30 pm PDT

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

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5/7/12 3:00 am PDT

Employers and their employees hold different perspectives on how to best achieve retirement preparedness through 401(k) plans, according to the results of two newly released studies from Schwab Retirement Plan Services. Taken together, the studies indicate that, despite efforts by employers to educate workers on the 401(k) offering, most workers are unengaged and financially unprepared for retirement.

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5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has announced several key enhancements to its Schwab EquiView® recordkeeping system and Equity Award Center® website to improve the client experience for stock plan sponsors and their employees.

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5/24/13 5:10 am PDT

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:

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5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Independent 401(k) recordkeepers’ services are resonating like never before, as demonstrated by 10 recordkeepers that have eclipsed the $1 billion asset level who custody with Schwab. Recordkeepers provide customized solutions and local support to their plan sponsor clients, making them a popular choice for employers.

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5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, today released additional details from a recent research study, “The New Rules of Engagement for 401(k) Plans.” The study shows that while professional advice plays a critical and direct role in positively impacting the behavior of 401(k) plan participants, additional 401(k) plan features including the employer more...

5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

CHICAGO--(BUSINESS WIRE)--At the 2010 National Association of Stock Plan Professionals (NASPP) conference in Chicago, Ill., and on the heels of a highly successful pilot, Charles Schwab today announced plans to launch a new Equity Award Consultation Team for corporate stock plan clients.

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5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

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.

According to data collected from 401(k) plans serviced by Schwab Retirement Plan Services, Inc. through the first half more...

5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Recent market volatility has caused many 401(k) investors to wonder if their retirement savings are on track. Charles Schwab, a 401(k) service provider to approximately 1.5 million company retirement plan participants, is encouraging people to perform a mid-year review of their 401(k) plan investments, and has outlined a simple process to help guide these reviews.

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5/24/13 5:10 am PDT

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...

5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--As more U.S. companies look to adopt the International Financial Reporting Standards (IFRS), Charles Schwab has added industry-leading fully-integrated IFRS 2 reporting functionality into its Schwab EquiView® record-keeping system for corporate stock plan clients. IFRS 2 is the portion of the International Financial Reporting Standards that specifically addresses the expensing of equity compensation granted by more...

5/24/13 5:10 am PDT

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...

5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab today released new data showing the number of workers participating in 401(k) plans increased even as the stock market declined and the economy weakened. In addition, most 401(k) plan participants continued to receive matching contributions from their employer.

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5/24/13 5:10 am PDT

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.

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5/24/13 5:10 am PDT

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab, in collaboration with CFO Research Services, today released the details of a new study “Getting Retirement Savings Back on Track: Employer Views on the 401(k) and Financial Education in the Workplace,” which reveals that a majority of senior finance and human resource executives in corporate America support the 401(k) as an effective savings tool for retirement.

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