The Charles Schwab Corporation401(k) + ESOP (KSOP)
SCHWABPLAN RETIREMENT SAVINGS AND INVESTMENT PLAN · WESTLAKE, TX · plan year 2024
Reported admin expense ratio · 2024
0.05%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
The Charles Schwab Corporation reported $4,368,440 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $6,786 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.048% to 0.052%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 14th-largest of 5,688 plans among Texas employers on file, and the 23rd of 4,798 in finance & insurance. In 2024, employees put in $1.92 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$8,932,117,605
Participants with balances43,060
Active participants32,145
Employer contributions$218,128,123
Employee contributions$419,375,550
Employer contribution per active participant$6,786
The The Charles Schwab Corporation 401(k) match · 2024
Employer contribution per active participant$6,786
Median for plans this size$5,259
2024$6,786 per active participant
2023$6,807 per active participant
2022$6,381 per active participant
The Charles Schwab Corporation's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 943025021 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.