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Overview Retirement Plan Services Retirement Plan Services
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Trust and custody services

You can choose comprehensive trust or custodial services from Charles Schwab Trust Company (CSTC) or tailored custody services through Charles Schwab & Co., Inc., the registered broker-dealer. With a seamless electronic link to the trustee of your choice, your plan assets are safeguarded with meticulous care and impressive speed.

Trust services
CSTC, as a division of Charles Schwab Bank, a federal saving bank, provides you with directed trustee or custodial services, including the following functions:

  • Report contributions by money source
  • Process distributions, issue IRS Form 1099-R to participants, withhold and submit federal and state taxes
  • Process in-kind rollovers to Schwab IRAs
  • Forward notices of corporate actions to the Plan Sponsor or investment manager, and process capital changes
  • Provide timely, comprehensive trustee reports
  • Provide the critical information needed to complete IRS Form 5500

Broker-dealer custody services
With enhanced custody services through the Schwab broker-dealer, you get the advantage of automatic investment of cash balances and daily account valuation.

Bundled Solutions

We also offer retirement solutions for companies with larger total assets.