401(k) · DOL Form 5500 · 2023
The Charles Schwab Corporation 401(k) Plan
Data updated 2026-08-25
- $8.0B
- Total assets Very large vs avg
- 34,259
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $232,075
- Avg per participant Above avg balance/head
Official DOL plan name: Schwabplan Retirement Savings and Investment Plan · Sponsored by The Charles Schwab Corporation · Texas · Finance & Insurance
$8.0B in assets, 34,259 participants
The Charles Schwab Corporation's Schwabplan Retirement Savings and Investment Plan reported $8.0B in total assets and 34,259 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #8,843 in Finance & Insurance (8,869 peers)
Coverage in Texas
Schwabplan Retirement Savings and Investment Plan covers 34,259 participants in Texas, 50x the typical Texas plan (state average ~688 per filing). Assets: $8.0B.
- #8,843
- in Finance & Insurance (8,869 peers)
- +20.1%
- assets growth YoY
- 80×
- vs typical plan assets (national mean)
Schwabplan Retirement Savings and Investment Plan's outsized position by total assets
Schwabplan Retirement Savings and Investment Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$7,950,669,667 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Schwabplan Retirement Savings and Investment Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schwabplan Retirement Savings and Investment Plan is a mega filing (34,259 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Schwabplan Retirement Savings and Investment Plan reported net income rose from -$850M in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Schwabplan Retirement Savings and Investment Plan end-of-year assets rose from $6.6B in the plan year 2022 filing to $8.0B in the plan year 2023 filing.
- Schwabplan Retirement Savings and Investment Plan reported participants rose from 31,841 in the plan year 2022 filing to 34,259 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 943025021 · The Charles Schwab Corporation PY 2023 · 401(k)
Schwabplan Retirement Savings and Investment Plan · $8.0B · 34,259 · 100th
- NET $8.0B
- NET 34,259
- NET 100th
- NET 401(k)
- NET near Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan
- NET ind #8843
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Texas →
Schwabplan Retirement Savings and Investment Plan in the asset neighbourhood
Texas filing particulars
| Total Assets (Beginning of Year) | $6.6B |
|---|---|
| Net Assets (End of Year) | $8.0B |
| Net Income | $1.3B |
| Employer EIN | 943025021 |
| Plan Effective Date | 1983-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Charles Schwab Corporation)
Sponsor-wide plan assets over time
All The Charles Schwab Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $8.9B 34.87231165916404% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 31,841 | $6.6B |
| 2023 | 1 | 34,259 | $8.0B |
| 2024 | 1 | 34,452 | $8.9B |
Nearby 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- AT&T Retirement Savings Plan $40.0B · 119,854
- Exxonmobil Savings Plan $21.9B · 23,477
- Caterpillar 401(k) Savings Plan $16.5B · 41,679
- American Airlines, Inc. 401(k) Plan $14.7B · 88,792
- Dell Inc. 401(k) Plan $13.5B · 45,686
Scale composition for Schwabplan Retirement Savings and Investment Plan
Schwabplan Retirement Savings and Investment Plan reports $8.0B in end-of-year assets across 34,259 participants (0.065% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.036% of 93,925,755 covered participants) - about $232,075 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2023 was $1.3B.
This plan identity (EIN 943025021, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $6.6B to $8.9B (+34.9%) while covered participants moved from 31,841 to 34,452 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 31,841 | $6.6B | Open filing |
| 2023 | 34,259 | $8.0B | This page |
| 2024 · index core | 34,452 | $8.9B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Schwabplan Retirement Savings and Investment Plan (401(k), $8.9B, 34,452 participants)
Schwabplan Retirement Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount
Outside Texas, the nearest 401(k) by assets is Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan in VA ($8.0B); by covered participants it is Brookdale Senior Living Inc. 401(k) Retirement Savings Plan in TN (34,297 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.0B here).
- Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan (VA) $8.0B · 32,015
- American Express Retirement Savings Plan (NY) $7.9B · 26,493
- Adp Totalsource Retirement Savings Plan (FL) $8.0B · 308,867
- Commonspirit Health 401(k) Retirement Savings Plan (KY) $7.9B · 86,688
Similar participant headcount
Nearest other-state filings by covered participants (34,259 participants); asset peers above are excluded.
- Brookdale Senior Living Inc. 401(k) Retirement Savings Plan (TN) 34,297 · 38 off
- 7-Eleven, Inc. 401(k) Plan (OH) 34,211 · 48 off
- Essilorluxottica Retirement Savings Plan 1 (NY) 33,776 · 483 off
- Casey's General Stores 401(k) Plan (IA) 33,723 · 536 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.