Charles Schwab Retirement Plan Services
Charles Schwab Retirement Plan Services: A broad 401(k) service for employers seeking administration, compliance support, and participant tools. Ranked #2 of 14 in 401(k) Software by our editors (9.1/10); pricing: Pricing on request; best for mid-market and enterprise employers.
At a glance
- Editor score9.1 / 10
- PricingPricing on request
- Best forMid-market and enterprise employers
- Free planNo
- Employee enrollmentYes
- Founded1971 · Westlake, Texas, United States
- Facts checked24 Sep 2026
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
Our verdict on Charles Schwab Retirement Plan Services
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, profit-sharing, money purchase, defined benefit, and nonqualified deferred compensation plans. Its scope suits mid-market and enterprise organizations that want employer administration and participant services under one provider; smaller employers seeking a self-service or free option may prefer a different fit.
Administration combines regulatory, ERISA, and audit compliance assistance with payroll feeds and one-click payroll submissions. Employers can choose 180- or 360-degree payroll feeds, while reporting and analytics include more than 40 plan metrics. Participants can enroll, manage contributions and investments, and access education and financial-wellness resources. Managed accounts, online third-party advice, and self-directed brokerage capabilities extend the investment support. This breadth may appeal to organizations that value both operational administration and participant guidance rather than recordkeeping alone.
Pricing is customized, and employers need to contact Schwab for workplace 401(k) pricing; there is no free plan. Participant access is available through Schwab Mobile on iOS and Android, alongside web access. The former Workplace Mobile app has been retired in favor of Schwab Mobile, so employers should account for that change when communicating mobile access to participants. Overall, this service is a better match for employers seeking a broad retirement-plan offering with compliance assistance, reporting, and participant tools. Organizations prioritizing publicly stated pricing or a free entry tier should look elsewhere.
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Charles Schwab Retirement Plan Services pricing
Charles Schwab Retirement Plan Services fact sheet
| Free plan | No |
|---|---|
| Paid from | Not verified |
| Plan types | 401(k); defined contribution; ESOP; profit-sharing; money purchase; defined benefit; nonqualified deferred compensation |
| Employee enrollment | Yes |
| Payroll integrations | Not verified |
| Investment options | Mixed |
| Compliance support | Yes |
| Participant mobile app | Yes |
| Deployment | Cloud, Mobile |
| Platforms | Web, iOS, Android |
| Support | Phone, Docs |
| Built for | Mid-market, Enterprise (editorial estimate) |
| Pricing | Pricing on request |
| Website | schwab.com |
| Facts checked | 24 Sep 2026 |
Alternatives to Charles Schwab Retirement Plan Services
- Ameritas Retirement PlansBroad retirement-plan administration with enrollment, payroll, fiduciary and participant services.9.3
- Human InterestPayroll-connected retirement plan administration with tiered compliance support.8.8
- GuidelineGuideline combines 401(k) administration, payroll automation, compliance and managed portfolios.8.6
See all Charles Schwab Retirement Plan Services alternatives →
Charles Schwab Retirement Plan Services vs the competition
- Charles Schwab Retirement Plan Services vs Ameritas Retirement Plans
- Charles Schwab Retirement Plan Services vs Human Interest
- Charles Schwab Retirement Plan Services vs Guideline
- Charles Schwab Retirement Plan Services vs Employee Fiduciary
- Charles Schwab Retirement Plan Services vs Vestwell
- Charles Schwab Retirement Plan Services vs Merrill Small Business 401(k)
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Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
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