![]() SchwabCT provides technology solutions for corporate clients to help facilitate their compliance technology program implementation. DBS provides brokerage solutions for corporate clients who monitor their employees' securities activity. Compliance Solutions is comprised of Schwab Designated Brokerage Services (DBS), a division of Charles Schwab & Co., Inc., and Schwab Compliance Technologies, Inc. providing equity compensation plan services and brokerage solutions for corporate clients. Schwab Stock Plan Services is a division of Charles Schwab & Co., Inc. Schwab Retirement Plan Services, Inc., provides recordkeeping and related services with respect to retirement plans. Schwab Stock Plan Services and Compliance Solutions. Workplace Financial Services is a business enterprise which offers products and services through Schwab Retirement Plan Services, Inc. Brokerage products and services are offered by Charles Schwab & Co., Inc. provides recordkeeping and related services with respect to retirement plans. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Follow us on Twitter, Facebook, YouTube, and LinkedIn. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. Detailed results can be found here.Īt Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. Respondents participated in the study between April 1 and April 15, 2021. All data is self-reported by study participants and is not verified or validated. Survey respondents were not asked to indicate whether they had 401(k) accounts with Schwab Retirement Plan Services, Inc. For past surveys, respondents were 25 to 70 years old, so for comparing 2021 results to previous waves, the data was rebased on those aged 25 to 70. ![]() Survey respondents were actively employed by companies with at least 25 employees, were 401(k) plan participants and were 21-70 years old. Logica Research is neither affiliated with, nor employed by, Schwab Retirement Plan Services, Inc. 401(k) participants was conducted by Logica Research for Schwab Retirement Plan Services, Inc. Many have decided that more help is the answer, and they are also looking beyond retirement to other workplace benefits that support financial security.” Must-Have BenefitsĤ01(k) plans and health insurance again top the list of desired workplace benefits with more than 80% of participants saying these are “must-haves.” The top-five must-have benefits according to survey respondents are: Do-it-yourself retirement planning was really tested because workers were pressed in other areas. “Workers went back to basics for a year and re-discovered the importance of work-life balance. “Optimism is fueling a recalibration of expectations,” said Golladay. The percentage of survey respondents who are very confident making their own 401(k) investment decisions has increased from 25% in 2019 to 40% in 2021 but still lags those who are very confident in making investment decisions with the help of a financial professional: 44% in 2019 and 56% in 2021. The top four retirement planning areas where participants want help are calculating a retirement savings goal (44%), receiving advice on how to invest a 401(k) (39%), figuring out how to create income in retirement (35%), and anticipating taxes in retirement (35%).
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