A package designed to empower your health, wealth,
career, and life.
The Benets
of Working
at Schwab
The Benets of Working at Schwab:
A competitive and exible Total Rewards
package designed to empower you for
today and tomorrow.
At Charles Schwab, we’re united in a shared belief that what we
do improves people’s lives. Our employees put our clients rst
every day to help them achieve a better tomorrow. We want to
do the same for you. That’s why our Total Rewards package goes
beyond traditional compensation and benet plans. We offer a
competitive and exible package designed to empower you, when
you work at Schwab, to make the most of your life at work and at
home—today and in the future. The package includes:
What’s inside...
Total Pay 1
Financial Future 2
Health and Wellness 3
Career Growth 4
Work and Life 5
Total Pay
Compensation
you receive
today
Financial
Future
Programs to
help you invest
for the future
and benets
that protect
your income
Health and
Wellness
Benets and
wellness
programs to
support your
overall well-
being
Career Growth
Support to help
you grow in
your career at
Schwab
Work and Life
Programs to
help balance
work, life, and
leisure
Total Pay
Your total pay at Schwab is a combination of the compensation
you receive today and programs to help you invest for the future.
Total pay includes base wage, incentives, stock awards, and
benets that provide nancial protection.
• Base Wage—Your base wage is the foundation of your total
pay, and it’s based on your position, skills, experience, and
performance. Base wage decisions are performance-based and
relative to external and internal ranges.
• Incentives—You’re also eligible for performance-based
incentive pay.
– Corporate Bonus Plan: Unlike many companies, at
Schwab, all employees working 20 hours or more per week
are eligible to share in the company’s success. The Plan
provides an annual discretionary award based on individual
and company performance.
– Individual Performance Awards: If you are in a revenue-
generating position, you’re rewarded based on your results.
• Key Contributor Stock Awards—Depending on your position,
you may be eligible for Schwab’s Key Contributor Program,
which provides stock awards to high-performing employees.
1
Hear from a Schwab employee!
Having my contributions recognized makes me feel a real
connection between the work I do and how it helps drive the
client experience and Schwab’s performance.
“
”
Financial Future
Our employees work every day as a champion for our client’s
nancial goals. We want to do the same for them by striving to
offer benets, resources, and tools to help them achieve a strong
nancial future.
• 401(k) Plan—Schwab’s 401(k) plan makes saving for retirement
easy. You are eligible to participate beginning on your start date or
are automatically enrolled in the Plan 45 days after hire. Schwab
will make a $250 contribution when you rst contribute, plus $1
for every $1 you contribute up to 5% of your eligible earnings
each pay period. You are immediately 100% vested in Schwab’s
company matching contributions. You have a wide range of
investment options that you can manage on your own or with the
help of managed advice.
• Employee Stock Purchase Plan—You can become an owner
of the company by contributing 1%-10% of your eligible
compensation to the Plan to buy Schwab common stock at a
15% discount.
• Employee Branch & Advice Services—Wealth management
isn’t just for our retail clients. All employees are entitled to
no-cost nancial planning sessions specic to their needs.
Consultations can include:
– Retirement Planning
– Debt Management
– Mortgage Planning
– Investment Advice
– Education Planning
– Estate Planning
• Financial Protection—Schwab provides company-paid Short-
Term Disability and Basic Life Insurance. You can also enroll
in optional Long-Term Disability, Supplemental Life Insurance,
and Accidental Death and Dismemberment (AD&D) coverage so
you have a nancial safety net that provides for today’s needs
and protects your nancial future. Disability coverage provides
income when you’re unable to work due to injury, illness,
or pregnancy. Life and AD&D coverage provides additional
nancial protection to you or your beneciaries in the event of a
serious accident or death.
2
Hear from a
Schwab employee!
I love the fact that as
a Schwab employee, I
can take advantage of
the same great services
our clients have at no
cost. My Employee
Branch consultant
helped me assess
my current nancial
situation and develop
a personalized plan to
meet my goals.
“
”
Health and Wellness
When you have your health, you can enjoy life and all it has to offer.
That’s why Schwab offers a range of health and wellness benets to
help employees be their healthiest and manage their costs.
• Health care—Schwab offers medical, dental, and vision benets
that provide comprehensive coverage for you and your family
members. The options available depend on where you live. All the
plans provide 100% paid preventive care to help you stay healthy
and identify health risks before they become bigger issues, as well
as other benets if you need additional care.
• Tax-advantaged HSA—Our medical plans come with a Health
Savings Account (HSA) to help you save for future eligible
health care expenses. You can contribute pre-tax dollars to
pay for expenses during the year, or save the funds to use in
coming years—even in retirement. Schwab contributes to your
HSA, too—up to $1,550 depending on your coverage level,
income, and Everyday Wellness participation. Money in your
HSA rolls over from year to year, and you can invest and grow
your balance.
• Wellness—Schwab’s Everyday Wellness program is based
on the principle that when employees are at their best,
they are better at work, at home, and in the community.
Our commitment to employee wellness provides ongoing
opportunities to raise health awareness and allows you to earn
up to $550 in Wellness Rewards for participating in Everyday
Wellness programs.
Schwab provides additional wellness resources through the
Wellness Champion Network, a network of Schwab employees
who help create and support wellness efforts tailored to the
needs and interests of employees at the local levels.
3
Hear from a
Schwab employee
about the HSA!
I didn’t realize that as
my HSA grew, I could
invest it and then use
it to pay for medical
expenses when I
retire without having
to pay taxes.
“
”
Hear from a Schwab
employee about the
health screening
benet!
I want to thank you as
you literally saved my
life, I think. They said
it was sure good I had
that screening when
I did and that I came
in. I really appreciate
all the help, and
hoping you can help
me with all of this now
going forward!
“
”
Career Growth
Your professional goals for tomorrow are based on the investment
you make in your career today. Schwab offers valuable programs
and support to help you succeed.
• Education Reimbursement—To help you continue to grow
and advance your career, Schwab encourages you to pursue
business-related education and training and reimburses
expenses for qualifying programs based on approval and
funding in your organization.
• Mentoring & Job Shadowing—Schwab provides an informal
mentoring program to help you get access to on-the-job
training and support. You own and manage your career at
Schwab with support from your manager and colleagues. By
investing in your development, informal mentoring helps you
grow in your career.
4
Hear from a Schwab employee about job shadowing!
If you have an interest in another department, you can actually
say, ‘What do they do over there?’ Your manager will actually set
you up to spend a week or two with that department. You can
be hands-on and learn directly with that department. You get to
come back and decide whether you like it or not. There’s a lot of
nurturing around that discussion, from beginning to end.
“
”
Work and Life
We know you and your family’s well-being is paramount. That’s
why we focus on providing benets that matter most to you if
you become an employee. It’s one way we can help you and your
family navigate life’s everyday challenges.
• Time Off—Personal time away from work is vital to maintaining
top performance on the job. Your vacation time begins accruing
from the rst of the month following your start date and carries
over each year, to a maximum of 200 hours. Vacation accrual
rates increase based on years of service. You also receive eight
paid holidays plus two oating holidays and sick time.
• Sabbatical Leave—Schwab believes that extended continuous
time off offers long-term employees valuable time to refresh
and recharge that a regular vacation may not provide. To
support this belief, Schwab offers a 28-day paid sabbatical that
you are eligible for after ve years of employment, and every
ve years thereafter.
• Bright Horizons Family and Personal Support Services—
Schwab offers services through Bright Horizons such as
reliable, cost-effective back-up child, adult, and elder care;
no-cost educational advice for students who are preparing for
college; free parental guidance and support for children who
are experiencing challenges at school and/or home and need
extra help; and access to a free, comprehensive database of
caregivers, pet sitters, housekeepers, and more!
• Paid Parental Leave—The birth or adoption of a child is an
important event in a family’s life. To support this event, Schwab
provides eligible employees with six weeks of paid parental
leave for the care and well-being of their newborn or newly
adopted child.
• Adoption Reimbursement—To help you with the expenses and
other fees associated with adopting a child, Schwab reimburses
up to $2,000 per adopted child under 18 years of age.
• Community Involvement—Schwab strives to be part of our
communities, and we want you to be involved, too. That’s why
we offer paid volunteer time and sponsor an annual Schwab
Volunteer Week. Through the Employee Matching Gifts
program, Schwab also matches up to $1,000 per year of your
charitable contributions to eligible nonprot organizations.
5
• Dependent Care Flexible Spending Account—The Dependent
Care FSA can help you save money on child care or adult
dependent care expenses using pre-tax money. Plus, Schwab
will contribute up to $200 per month to eligible employees’
Dependent Care FSAs, based on salary and number of eligible
dependents.
• Commuter Tax Savings Program—Schwab offers the Commuter
Tax Savings Program to help you save on commuting costs.
Eligible monthly parking, public transportation, and vanpool costs
can be paid out of your paycheck with pre-tax dollars.
• Legal Plan—Schwab’s Hyatt Legal Plans through MetLaw
provide affordable legal help to your entire family. We offer legal
plan options that cover you, your spouse, dependents, and your
parents or parents in-law for many common legal issues.
• Employee Discount Program—LifeCare’s Employee Discount
Program helps you save on everyday items, such as:
– Car rental services
– Ski tickets
– Sporting events
– Gym memberships, diet plans, exercise equipment
– City attractions
– Movie ticket packages
– Child daycare
– Tutoring
– Research and referral services
Schwab offers other discounts to help you save, too:
– Schwab Bank and Brokerage products
– Verizon, Sprint, and AT&T plans
– Apple products
– Auto and home insurance
– Pet insurance
©2018 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
This brochure describes many of the features of Schwab’s employee benet plans in general terms. The
specic terms and conditions of these benets are governed by legal plan documents, insurance contracts,
and service agreements. In the event of a conict or ambiguity regarding the information represented in this
brochure, the plan documents, contracts, and agreements will govern. Schwab reserves the right to amend,
terminate, suspend, or withdraw the benets, in whole or in part, at any time.
Hear from a Schwab
employee about
using the legal plan!
Using the legal plan,
I was able to get a
living trust set up
at no additional
cost. The attorney
we used was very
knowledgeable and
was able to create
something specic to
my family’s situation.
It is a relief to know
that if something
happens, our children
will be protected.
“
”
