The Charles Schwab Corporation
Overview
The Charles Schwab Corporation sponsors a self-funded health plan that covered 33,393 participants in plan year 2025, down 4% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 33,393 · prior year 34,716
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Charles Schwab Group Life, Accidental Death and Dismemberment, Death Benefit, Medical, Dental and Vision Plan, plan 501 (33,393 participants)
- Stop-loss carrier
- Reliastar Life Insurance Company
- Broker compensation
- $3.1M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Securian Life Insurance Company | Life, Voluntary AD&D | 33,255 | $15.0M | $342K |
| Lincoln National Life Insurance Company | Long-term disability | 28,039 | $11.0M | $151K |
| Reliastar Life Insurance Company | Stop-loss | 27,782 | $8.9M | $535K |
| Kaiser Foundation Health Plan of Colorado | Medical, HMO | 1,113 | $5.9M | — |
| Vision Service Plan | Vision | 25,834 | $5.8M | — |
| Kaiser Foundation Health Plan Inc. | Medical, HMO | 690 | $5.0M | — |
| Metropolitan Life Insurance Company | Medical | 19,775 | $4.5M | $551K |
| MetLife Legal Plans | Legal | 11,319 | $2.2M | $21K |
| Kaiser Foundation Health Plans Inc. | Medical, HMO | 299 | $2.0M | — |
| Trustmark Insurance Company | LTC | 699 | $1.5M | $1.2M |
| Berkshire Life Insurance Company of America | Supplemental Disability Income | 1,481 | $1.4M | $346K |
| Cigna Health and Life Insurance Company and Affiliates | Dental, HMO | 6,963 | $1.1M | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 33,393 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- The Charles Schwab Corporation
- Sponsor EIN
- 94-3025021
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 94-3025021 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Schwabplan Retirement Savings and Investment Plan
- Type
- 401(k) plan
- Participants
- 44,603
About this data
Source: The Charles Schwab Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with The Charles Schwab Corporation.