Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Charles Schwab Bank
Most often reported for trustee and custodial
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
For plan year 2024, 207 retirement plans with 100 or more participants reported paying Charles Schwab Bank $5,000 or more. Those plans cover 165,125 participant records, and the service most often reported is trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $3.2M. Per plan, the median was $23.47 per participant, with the middle half of plans between $12.90 and $39.86. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in California (32), Pennsylvania (21) and Washington (16).
In 2009 it appeared on 1,030 such filings; in 2024, 207 (down 80%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $12.90 | $23.47 | $39.86 |
| Compensation as a share of plan net assets | 0.03% | 0.03% | 0.04% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| Clubcorp Individual Investment Plan | Clubcorp | TX | 15,263 | $82.7M | $63K |
| Northwest Agc Chapters Retirement Plan | Oregon - Columbia Chapter Agc | OR | 6,810 | $328M | $74K |
| Veterans United Home Loans 401(k) Plan | Mortgage Research Center LLC | MO | 5,368 | $484M | $65K |
| W.K.S. Restaurant Group 401(k) Plan | W.K.S. Restaurant Corporation | CA | 5,114 | $22.2M | $8,608 |
| National Youth Advocate Program 401(k) Plan | National Youth Advocate Program | OH | 3,301 | $25.9M | $9,149 |
| Proliance Surgeons, Inc., P.S. 401(k) Profit Sharing Plan and Trust | Proliance Surgeons, Inc., P.S. | WA | 3,067 | $517M | $53K |
| The Tatitlek Corporation 401(k) Plan | The Tatitlek Corporation | AK | 2,869 | $38.9M | $4,596 |
| Exos Retirement Plan | Exos | AZ | 2,851 | $49.5M | $17K |
| Goldbelt 401(k) Plan | Goldbelt, Incorporated | AK | 2,845 | $79.7M | $32K |
| Lja Engineering, Inc. Employee Stock Ownership Plan | Lja Engineering, Inc. | TX | 2,824 | $437M | $155K |
| Pearce Services, LLC 401(k) Profit Sharing Plan | Pearce Services, LLC | CA | 2,753 | $33.6M | $14K |
| El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan | El Rio Santa Cruz Neighborhood Health Center, Inc. | AZ | 2,521 | $180M | $64K |
| Germain Retirement Security Savings Plan | Germain Motor Company | OH | 2,504 | $59.7M | $17K |
| Hac, Inc. 401(k) Plan | Hac, Inc. | OK | 2,434 | $28.0M | $13K |
| Ho-Chunk, Inc. 401(k) Plan | Ho-Chunk, Inc. | NE | 2,308 | $81.9M | $30K |
| Baker & McKenzie Illinois Profit Sharing and 401(k) Plan | Baker & McKenzie LLP | IL | 2,294 | $867M | $61K |
| Orora Packaging Solutions 401(k) Savings Plan | Orora Packaging Solutions | CA | 2,252 | $304M | $5 |
| Firelands Regional Health System 401(k) Plan | Firelands Regional Health System | OH | 2,175 | $74.9M | $24K |
| Moda Partners, Inc. Employee Retirement Plan | Moda Partners, Inc. | OR | 1,768 | $209M | $62K |
| Islands Restaurants 401(k) Plan | Islands Restaurants, LLC | CA | 1,672 | $15.3M | $0 |
| Golden Valley Health Centers Retirement Plan | Golden Valley Health Centers | CA | 1,619 | $52.8M | $16K |
| NW Bricklayers & Allied Craftworkers DC Retirement Plan | Joint Board of Trustees, NW Bricklayers & Allied Craftworkers | OR | 1,612 | $37.2M | $13K |
| Illinois Operative Plasterers & Cement Masons Annuity Fund | Joint Board of Trustees of the Illinois Operative Plasterers & Cement | IL | 1,550 | $35.8M | $14K |
| Germain Automotive Partnership, Inc. 401(k) Plan | Germain Automotive Partnership, Inc. | OH | 1,478 | $48.5M | $13K |
| Academy of Art University 401(k) Retirement Plan | Stephens Institute DBA Academy of Art University | CA | 1,472 | $85.6M | $0 |
| Joy Cone Co. 401(k) Profit Sharing Plan | Joy Cone Co. | TX | 1,445 | $142M | $40K |
| Golden Valley Health Centers 403(b) Plan | Golden Valley Health Centers | CA | 1,405 | $50.8M | $13K |
| Town & Country Markets, Inc. Retirement Savings Plan | Town & Country Markets, Inc. | WA | 1,376 | $59.6M | $15K |
| Firelands Regional Medical Center 403(b) Plan | Firelands Regional Medical Center | OH | 1,369 | $54.8M | $19K |
| Pacific Southwest Container, LLC 401(k) Plan | Pacific Southwest Container, LLC | CA | 1,248 | $72.0M | $21K |
| Ami 401(k) Profit Sharing Plan | Atlantic Medical Imaging, LLC | NJ | 1,229 | $97.9M | $11K |
| Sup Money Purchase Pension Plan | Trustees of the Sup Qualified Plans Master Trust | CA | 1,150 | $43.9M | $13K |
| Johnson Electric 401(k) Retirement Savings Plan | Johnson Electric North America Holding Inc. | OH | 1,143 | $79.8M | $21K |
| Scott Electric Company Employees Retirement Plan | Scott Electric Company | PA | 1,102 | $106M | $32K |
| Youngwilliams P.C. 401(k) Profit Sharing Plan | Youngwilliams, P.C. | MS | 1,100 | $19.8M | $8,545 |
| Onni Group USA 401(k) Plan | Onni Properties, LLC. | AZ | 1,085 | $9.6M | $6,642 |
| Lake Forest Graduate School of Management Retirement Savings Plan | Lake Forest Graduate School of Management | IL | 1,078 | $13.1M | $21K |
| Mattr 401(k) Plan | Mattr US Inc. | TX | 1,056 | $65.9M | $23K |
| Co-Op 401(k) Plan | Landmark Services Cooperative | WI | 1,053 | $65.2M | $11K |
| Woodbury Corporation 401(k) Profit Sharing Plan | Woodbury Corporation | UT | 1,050 | $19.9M | $6,926 |
Questions and answers
How many plans does Charles Schwab Bank serve?
207 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Charles Schwab Bank?
The median plan reported $23.47 per participant in direct and indirect compensation (194 plans reporting an amount), or 0.03% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Custodial (securities) (174 plans), Trustee (bank, trust company, or similar financial institution) (40 plans), Trustee (directed) (30 plans) and Investment management (14 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.