BrightScope Rating
Company:
The Charles Schwab Corporation
Plan:
SchwabPlan Retirement Savings and Investment Plan
The Charles Schwab Corporation
84
Plan:
SchwabPlan Retirement Savings and Investment Plan
6
64
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (84) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $238,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
SchwabPlan Retirement Savings and Investment Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 84, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, and Account Balances. SchwabPlan Retirement Savings and Investment Plan currently has over 11,900 active participants and over $2.3B in plan assets.
Plan Details
| Address | 101 Montgomery St San Francisco, CA 94104 |
| Industry | Securities Brokerage |
| Administrator | Jay Allen |
| Net Plan Assets | $2,360,000,000 |
| Total Participants | 17,000 |
| Avg Account Balance | $140,000 |
Top 3 Investment Holdings
| 1. | The Charles Schwab Corporation Common Stock | 39% |
| 2. | Self-Directed Brokerage Accounts | 12% |
| 3. | Dodge & Cox Stock | 9% |
Other Companies in Peer Group
| Credit Suisse Securities (USA), LLC | 86.6 |
| Aon | 74.9 |
| The Bank of New York Mellon | 72.7 |
| Humana | 69.9 |
| The PNC Financial Services Group | 69.4 |
| Deseret Mutual Benefit Administrators | 67.0 |
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