RESEARCH |

2020
PLANADVISER Recordkeeper Services Survey

Reported by PLANADVISER | Art by Eric Hanson
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Charles Schwab

www.Schwab.com

SEP IRA OVERVIEW
Total SEP IRA PLANS336,966
Total SEP IRA assets (in $millions)52,158
Total SEP IRA accounts336,966
SEP IRA PLAN DOCUMENT TYPES ACCEPTED
IRS form 5304
IRS form 5305 (with designated firm)
Prototype document (either yours or the IRA custodian's)
Other (please specify):
SEP IRA PLANS BY PARTICIPANT COUNT
<5 participantsNR
5 - 10 participantsNR
>10 participantsNR
SIMPLE IRA OVERVIEW
Total SIMPLE IRA PLANS20,382
Total SIMPLE IRA assets (in $millions)9,961
Total SIMPLE IRA accounts224,373
SIMPLE IRA PLAN DOCUMENT TYPES ACCEPTED
IRS form 5304
IRS form 5305 (with designated firm)
Prototype document (either yours or the IRA custodian's)
Other (please specify):
SIMPLE IRA PLANS BY PARTICIPANT COUNT
<5 participantsNR
5 - 10 participantsNR
>10 participantsNR
AVAILABLE INVESTMENT OPTIONS
Proprietary or affiliated mutual funds
Other non-proprietary or affiliated mutual funds (via a fund clearing house)
Proprietary or affiliated ETFs
Other non-proprietary or affiliated ETFs (via a clearing house)
Individual shares of stocks/securities
Individual Bonds or Certificates of Deposit (outside of mutual funds)
Other #
ACCOUNT FEES
Plan setup fee*
Annual (or other periodic) plan administrative / processing fee*
Custodial account fee or other periodic individual account charge (annual, monthly etc)*
Asset based partcipant fees (other than fund operating expenses)*
Commissions, Trading, or execution fees (individual account level)*
Most Common Funding MethodNot reported
*Charles Schwab does not charge any fees for SEP/SIMPLE accounts.
#Charles Schwab also supports options investing through its SEP/SIMPLE plans. NR = Not Reported.