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Head-to-head · 401(k) Software

Charles Schwab Retirement Plan Services vs Transamerica Retirement Solutions

  • Updated Oct 2026
  • Both researched from official sources
  • 4 checks side by side
Higher score Charles Schwab Retirement Plan Services #2 in 401(k) Software 9.1/10 Pricing on request ✓ 3 of 3 features Visit Charles Schwab
Transamerica Retirement Solutions #8 in 401(k) Software 7.8/10 Pricing on request ✓ 1 of 3 features Visit Transamerica

Charles Schwab Retirement Plan Services leads on 0 checks, Transamerica Retirement Solutions on 0, and 4 are even. Who comes out ahead on the 4 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreCharles Schwab Retirement Plan Services · 9.1/10
  • Most featuresCharles Schwab Retirement Plan Services · 3 of 3

Charles Schwab Retirement Plan Services scores higher on our rubric for 401(k) software: 9.1 against 7.8 out of 10; our editors rank them #2 and #8.

Charles Schwab Retirement Plan Services is the better fit for mid-market and enterprise employers. Transamerica Retirement Solutions is the better fit for employers needing multiple retirement plan types.

  • Charles Schwab Retirement Plan Services fits best

    Mid-market and enterprise employers

  • Transamerica Retirement Solutions fits best

    Employers needing multiple retirement plan types

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Charles Schwab Retirement Plan Services 9.1/10 Visit ↗ Transamerica Retirement Solutions 7.8/10 Visit ↗
At a glance
Editor score 9.1 7.8
Ranking #2 in 401(k) Software #8 in 401(k) Software
Best for Mid-market and enterprise employers Employers needing multiple retirement plan types
Pricing model Paid Paid
Starting price Pricing on request Pricing on request
Free plan — —
Free trial — —
Deployment Cloud, Mobile Cloud, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Support Phone, Docs Phone, Docs
Built for Mid-market, Enterprise Small business, Mid-market, Enterprise
Features Charles Schwab Retirement Plan Services 3/3 · Transamerica Retirement Solutions 1/3
Employee enrollment ✓ (best) Not checked yet
Compliance support ✓ (best) Not checked yet
Participant mobile app ✓ ✓
Specs
Plan types 401(k); defined contribution; ESOP; profit-sharing; money purchase; defined benefit; nonqualified deferred compensation Defined contribution; defined benefit; pooled plan; nonqualified deferred compensation
Payroll integrations Not checked yet Not checked yet
Investment options Mixed Not checked yet
Our review
Pros
  • Combines recordkeeping, plan administration, and plan design consulting
  • Includes payroll feeds, one-click submissions, and more than 40 plan metrics
  • Offers participant education, managed accounts, and Schwab Mobile access
  • Supports defined contribution, defined benefit, pooled, and nonqualified plans
  • Participant web access and mobile app support balance and account changes
  • Payroll administration tools and secure file transfer support plan operations
Cons
  • Workplace 401(k) pricing is customized and requires contacting Schwab
  • No free plan is offered
  • The former Workplace Mobile app has been retired in favor of Schwab Mobile
  • Pricing requires contacting sales and varies by plan
  • Support is limited to phone and documentation, without 24/7 coverage
  • Plan features and investment options may vary by plan
Our verdict

Employers looking for a workplace 401(k) service get recordkeeping, plan administration, investment-option selection, and consulting on plan design. Charles Schwab Retirement Plan Services also supports defined contribution plans, ESOPs,…

Read the review →

Transamerica Retirement Solutions provides employer retirement plans and recordkeeping services for small, mid-market, and enterprise organizations. Its coverage spans defined contribution, defined benefit, pooled plan, and nonqualified…

Read the review →
  1. Charles Schwab Retirement Plan Services401(k) Software 9.1Pricing on request
  2. Transamerica Retirement Solutions401(k) Software 7.8Pricing on request

Strengths and trade-offs

  • Charles Schwab Retirement Plan Services — where it wins

    • Combines recordkeeping, plan administration, and plan design consulting
    • Includes payroll feeds, one-click submissions, and more than 40 plan metrics
    • Offers participant education, managed accounts, and Schwab Mobile access

    Where it doesn't

    • Workplace 401(k) pricing is customized and requires contacting Schwab
    • No free plan is offered
    • The former Workplace Mobile app has been retired in favor of Schwab Mobile

  • Transamerica Retirement Solutions — where it wins

    • Supports defined contribution, defined benefit, pooled, and nonqualified plans
    • Participant web access and mobile app support balance and account changes
    • Payroll administration tools and secure file transfer support plan operations

    Where it doesn't

    • Pricing requires contacting sales and varies by plan
    • Support is limited to phone and documentation, without 24/7 coverage
    • Plan features and investment options may vary by plan
  • Charles Schwab Retirement Plan Services9.1/10 · Pricing on request

    A broad 401(k) service for employers seeking administration, compliance support, and participant tools.

    Visit Charles SchwabFull verdict →
  • Transamerica Retirement Solutions7.8/10 · Pricing on request

    A broad retirement-plan service covering four plan types with web and mobile access.

    Visit TransamericaFull verdict →

More comparisons

All 401(k) software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update