401(k) · DOL Form 5500 · 2023
The Charles Schwab Corporation 401(k) Plan
Data updated 2026-08-06
- $8.0B
- Total assets
- 34,259
- Participants
- 100th
- Percentile by assets
- $232,075
- Avg per participant
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.
- 100th percentile by assets (of 126,618 plans)
- #8,826 in Finance & Insurance (8,852 peers)
Coverage in Texas
Schwabplan Retirement Savings and Investment Plan covers 34,259 participants in Texas, 49x the typical Texas plan (state average ~704 per filing). Assets: $8.0B.
- $8.0B
- total plan assets (2023 EOY)
- 34,259
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $232,075
- avg assets per participant
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.
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Schwabplan Retirement Savings and Investment Plan reports 34,259 participants - 49x that state average ($8.0B EOY assets).
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)
| 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.
Schwabplan Retirement Savings and Investment Plan vs. nearby 401(k) plans in Texas, assets vs. participants
- 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 (0.068% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.038% of 89,805,449 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schwabplan Retirement Savings and Investment Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Schwabplan Retirement Savings and Investment Plan assets move in 2023? ▼
How have The Charles Schwab Corporation plan assets changed over time? ▼
Where does Schwabplan Retirement Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Schwabplan Retirement Savings and Investment Plan? ▼
Next read for Schwabplan Retirement Savings and Invest…
Filing takeaways
Ways to act on Schwabplan Retirement Savings and Investment Plan's numbers.
- By total assets, Schwabplan Retirement Savings and Investment Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- The Charles Schwab Corporation's sponsor-wide assets have grown 34.9% since 2022 across 3 plan years on file. More Finance & Insurance plans