The Charles Schwab Corporationbenefits

The Charles Schwab Corporation's benefits plans covered 32,178 active participants in 2024. Insurance brokers and agents were paid $3,149,458 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $98 per covered person, below the median for employer plans that report broker pay. Broker pay rose 12% from $2,809,432 in 2023.