Introduction to Retirement Plan Solutions

Introduction to Retirement Plan Solutions

For retirement plans with more robust and complex needs, Schwab has a suite of products and services that offer advisors the flexibility needed to service clients and grow their retirement plan practice.

Retirement Plan Solutions are available for a wide array of plan sizes and types, from basic to full-service solutions. To find the best solution for your clients’ retirement plan needs, contact a Retirement Consultant from the Schwab Retirement Network today at 877-456-0777.

Key features of Schwab’s Retirement Plan Solutions

  • Assets custodied at Schwab
  • Wide selection of investment choice and flexibility, including Schwab Personal Choice Retirement Account® (PCRA), Schwab’s self-directed brokerage accounts for retirement plans
  • Directed Trustee services available
  • Transparent, fully disclosed pricing and plan expense payments
  • Administrative support, including:
    • Plan and participant reporting
    • Participant distributions and tax reporting
    • Plan administration and oversight
    • Customized plan documentation
    • Employee Retirement Income Security Act of 1974 (ERISA) compliance
    • Participant education and enrollment
  • Practice management tools available to help advisors monitor plans and stay current of industry trends and regulations
  • Experienced consultants available to help evaluate solutions and respond to plan sponsor needs

Key information related to Schwab’s Retirement Plan Solutions

  • Retirement Plan Solutions service a wide array of plan sizes, but are typically best suited for:
    • Business and institutions that have outgrown their current solution
    • Organizations with significant account assets that are looking for more retirement plan options and features
  • Plan types serviced include (but are not limited to): 401(k) plans, profit-sharing plans, 401(a) plans, money purchase pension plans, defined benefit plans Tooltip , and non-qualified plans.
  • Administrative support is provided by a network of independent recordkeepers or Schwab.

For additional information regarding the Retirement Plan Solutions platform and eligibility, refer to the following details:

 

Available solutions

Schwab offers two types of Retirement Plan Solutions:

  • Retirement Business Services (RBS)—RBS is an open platform solution through which assets are custodied at Charles Schwab Trust Bank and serviced by independent recordkeepers, who provide customized retirement plan solutions to plan sponsors and their participants. RBS has alliances with over 140 independent recordkeepers who provide local presence and support for all types of business retirement plans.
  • Schwab Retirement Plan Services (SRPS)—Schwab offers a full-service (comprehensive) solution through which Charles Schwab Trust Bank provides custody and SRPS provides administrative services. SRPS typically services plans with $20 million or more in assets.

Under both solutions, advisors can maintain the primary relationship with the plan sponsor. Advisors can assist with the selection and monitoring of the plan’s investments as well as manage the PCRAs (self-directed brokerage assets) of the high-net-worth clients.

 

Eligibility

Retirement Plan Solutions are available for a wide array of plan sizes and types, from basic to full-service solutions. To find the best solution for your clients’ retirement plan needs, contact a Retirement Consultant at Schwab Retirement Network today at 877-456-0777.

Be prepared to answer the following questions:

  • What kind of retirement plan are you servicing? Example: 401(k), 403(b), 457, defined benefit, profit-sharing plan, non-qualified plan, startup plan, etc.
  • How much does the retirement plan have in assets (total dollar amount)?
  • How many participants are in the plan?
  • Who is the plan's current custodian (if applicable)?
  • Who is the plan's current recordkeeper (if applicable)?
  • How can Schwab help you?

Comparison chart

Small Business Retirement Plans: Review this comparison of the different business retirement plans offered by Schwab.

How to roll over assets to a Schwab account

Introduction to individual 401(k) plans

Introduction to personal defined benefit plans

Introduction to qualified retirement plans (QRPs)

Introduction to SEP-IRAs

Introduction to SIMPLE IRAs

See the following tools and resources to assist you with Retirement Plan Solutions

  • For in-depth information, see our Retirement Plan Solutions for Advisors page.
  • To discuss your clients’ retirement plan needs and to find the solution that is best for you, contact a Schwab Retirement Consultant at 877-456-0777.