Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Charles Schwab Trust 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.
Charles Schwab Trust Bank is named as a service provider on the Schedule C of 704 retirement plans with 100 or more participants for plan year 2024, covering 950,334 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $10.7M. Per plan, the median was $18.51 per participant, with the middle half of plans between $9.35 and $34.02. 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 Illinois (72), Washington (64) and California (50).
In 2019 it appeared on 84 such filings; in 2024, 711 (up 746%). 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 | $9.35 | $18.51 | $34.02 |
| Compensation as a share of plan net assets | 0.02% | 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 |
|---|---|---|---|---|---|
| Tyson Foods, Inc. Retirement Savings Plan | Tyson Foods, Inc. | AR | 128,426 | $3.73B | $37K |
| Randstad North America 401(k) Plan | Randstad North America | GA | 90,250 | $674M | $84K |
| Barrett Business Services, Inc. Retirement Savings Plan | Barrett Business Services, Inc. | WA | 53,428 | $261M | $29K |
| Carle Foundation Hospital and Affiliates Matching Tsa Plan | Carle Foundation Hospital and Affiliates | IL | 18,886 | $1.37B | $276K |
| Decisionhr Retirement Savings Plan | Decisionhr, Inc. | FL | 13,946 | $66.9M | $6,646 |
| Health First Retirement Savings Plan | Health First Shared Services, Inc. | FL | 11,526 | $903M | $1,166 |
| Tandem HR, LLC 401(k) Plan | Tandem Management, LLC | AZ | 10,695 | $310M | $30K |
| Hawai'i Pacific Health 403(b) Savings Plan | Hawai'i Pacific Health | HI | 10,412 | $1.53B | $66K |
| Oneoncology, LLC Onerewards Retirement Plan | Oneoncology, LLC | TN | 9,556 | $585M | $106K |
| Chickasaw Nation Governmental Enterprises 401(k) Plan | Chickasaw Nation | OK | 9,528 | $383M | $81K |
| Aaron's 401(k) Retirement Plan | Aaron's, LLC | GA | 8,615 | $186M | $44K |
| United Service Companies 401(k) Plan | United Service Companies Holdings II, LLC | IL | 8,584 | $9.5M | $7,226 |
| Alphastaff Retirement Savings Plan | Alphastaff Group, Inc. | FL | 8,302 | $252M | $72K |
| Agc Retirement Savings Plan | Associated General Contractors of Georgia, Inc. | GA | 6,583 | $227M | $40K |
| Royal Caribbean Cruises Ltd. Ret. Savings Plan | Royal Caribbean Cruises Ltd. | FL | 6,350 | $787M | $87K |
| Carter-Jones Companies 401(k) Retirement Plan | Carter-Jones Companies, Inc. | OH | 6,276 | $167M | $66K |
| Cooperative Savings Plan | Cooperative Pension/savings Board | IN | 6,031 | $455M | $140K |
| Sound Physicians 401(k) Plan | Sound Inpatient Physicians, Inc. | WA | 5,920 | $556M | $34K |
| National Organization of Industrial Trade Unions Individual Account Plan | National Organization of Industrial Trade Unions | NY | 5,848 | $124M | $15K |
| Columbia Sportswear Company 401(k) Plan | Columbia Sportswear Company | OR | 5,690 | $462M | $41K |
| Shannon Medical Center 401(k) Savings and Retirement Plan | Shannon Medical Center | TX | 5,639 | $461M | $58K |
| Ali Group Retirement Plan | Ali Group North America Corporation | IL | 5,425 | $479M | $37K |
| Milliman Profit Sharing and Retirement Plan | Milliman | WA | 5,360 | $2.12B | $151K |
| Sleep Number Profit Sharing and 401(k) Plan | Sleep Number Corporation | MN | 5,265 | $257M | $39K |
| Clyde Companies, Inc. 401(k) Retirement Plan | Clyde Companies, Inc. | UT | 5,100 | $326M | $0 |
| Wendy's of Colorado Springs 401(k) Plan | Wendy's of Colorado Springs, Inc. | CO | 5,031 | $9.2M | $6,553 |
| Lavie Holdco 401(k) Plan | Lavie Holdco LLC | FL | 4,890 | $37.5M | $16K |
| Stewart's Shops Corp. Employee Stock Ownership Plan | Stewart's Shops Corp. | NY | 4,887 | $897M | $25K |
| Regional District Council Retirement Plan | Board of Trustees, Regional District Council Retirement Plan | OR | 4,863 | $52.1M | $14K |
| Tdindustries, Inc. 401K/ESOP Retirement Plan | Tdindustries, Inc. | TX | 4,751 | $321M | $11K |
| Fourth Retirement Savings Plan | Choice Employer Solutions, Inc. | FL | 4,663 | $21.9M | $5,968 |
| Reid Hospital & Health Care Services 403(b) Defined Contribution Plan | Reid Hospital & Health Care Services, Inc. | IN | 4,641 | $214M | $47K |
| Sovereign Healthcare 401(k) Plan | Sovereign Healthcare Holdings, LLC | FL | 4,635 | $31.2M | $12K |
| Appalachian Regional Healthcare, Inc. Pension Plan | Appalachian Regional Healthcare, Inc. | KY | 4,356 | $166M | $263K |
| Uma Retirement Plan | University Medical Associates of the Medical University of S.C. | SC | 4,288 | $848M | $75K |
| Golden Retirement Plan | Americantcs Fiduciary Services, LLC | PA | 4,283 | $10.0M | $5,185 |
| Rumpke 401(k) Retirement Plan | Rumpke Consolidated Companies, Inc. | OH | 4,035 | $173M | $62K |
| America First Credit Union 401(k) Plan and Trust | America First Credit Union DBA America First Credit Union | UT | 4,018 | $143M | $22K |
| Synchronyhr Retirement Savings Plan | Cornerstone Employer Solutions, LLC DBA Synchronyhr | MO | 4,010 | $95.5M | $23K |
| Lincoln Technical Institute, Inc. 401(k) Plan | Lincoln Technical Institute, Inc. | NJ | 3,904 | $99.1M | $41K |
Questions and answers
How many plans does Charles Schwab Trust Bank serve?
704 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 Trust Bank?
The median plan reported $18.51 per participant in direct and indirect compensation (652 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) (542 plans), Trustee (directed) (213 plans), Trustee (bank, trust company, or similar financial institution) (103 plans) and Participant loan processing (90 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.