Financial wellness

An approach as unique as your employees

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What is financial wellness?

No two individuals will define financial wellness in the same way. That's why our approach to workplace financial wellness is designed to meet the needs of each employee regardless of their life stage or where they are in their financial journey.

We know that participants with a written financial plan are 7x more likely to be financially confident than participants without a plan.1

Access to solutions that help address employees' diverse needs

Help your employees take the next steps toward their financial goals with services and solutions that meet them wherever they are. With Schwab's approach to workplace financial wellness, employees can access resources that help address:

  • Planning and goal-setting

    Getting prepared for their next steps

    • Creating a financial plan
    • Home buying
    • Insurance
    • College savings
    • Estate needs

  • Spending and debt management

    Making the most of their money now

    • Budgeting
    • Debt management
    • Flexible borrowing
    • Identity theft protection
    • Student loan repayment

  • Saving and investing

    Setting aside funds for long-term goals

    • Emergency savings
    • Health care savings
    • Educational savings
    • Goal-based investing
    • Retirement income

Ways for employees to access help

Planning for a financial future can be daunting. Our approach to workplace financial wellness is designed to help employees overcome any inertia with practical steps and guidance. Through a powerful combination of empathetic human support and intuitive digital resources, employees are encouraged to take steps toward their financial goals in the way that works best for them.

  • Professional human support

  • Learning anywhere, anytime

  • Practical digital resources

  • Actionable financial solutions

When your employees win, your company wins

  • Financial stress comes at a cost

    36% of workers are delaying retirement because of economic concerns.2

    View participant survey results

  • Employees want help

    More than half believe their financial situation warrants advice.3

  • Results you can trust

    "91%" appears in the middle of a donut chart.

    91% of attendees felt better prepared to take the next step after attending one of our events.4

Financial wellness support for all clients

Financial wellness support for all clients

Our approach to financial wellness—including digital resources, human support, and access to broad financial solutions—extends to all employees of Workplace Financial Services clients.

Retirement Plan ServicesStock Plan ServicesDesignated Brokerage Services

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"We," "us," "our," and "Schwab" refer collectively to The Charles Schwab Corporation and its separate but affiliated companies and subsidiaries unless otherwise noted.

  1. Participants with a written financial plan Schwab Retirement Plan Services internal 2022 RPS Participant Outcomes Survey. This survey of eligible participants in 31 plans serviced by Schwab Retirement Plan Services was conducted by Logica Research. 3,516 employees responded to all outcome questions. All data is self-reported by study participants and is not verified or validated. Respondents participated in the study between December 7 and 20, 2022. Survey participants responded with 6 or 7 on a 1-7 scale on four survey questions related to confidence and correlated with having a written financial plan.

    How confident do you feel about your current financial situation? (Base=4,517; # answering 6 or 7: n=1,599) 
    How confident do you feel about your future financial situation? (Base=4,180; # answering 6 or 7: n=1,446) 
    How confident do you feel about the decisions you make in your employer-sponsored retirement account or 401(k) plan? (Base=3,088; # answering 6 or 7: n=1,098) 
    How confident do you feel about the decisions you make about regular investments outside of your 401(k) or IRA? (Base=3,516; # answering 6 or 7: n=1,081) 
    Do you have a financial plan? (a document containing information about your short-term money situation and long-term monetary goals, as well as strategies to achieve them) (Base=3,494; # answering “Yes, and it is in writing”: n=718)

  2. 2023 401(k) Participant Study, August 2023. This online survey of U.S. 401(k) participants was conducted by Logica Research. A total of 1,000 plan participants completed the survey. Survey respondents were actively employed by companies with at least 25 employees, were 401(k) plan participants, and were 21–70 years old. All data is self-reported by study participants and is not verified or validated. Respondents participated in the study between April 19 and May 2, 2023. Detailed results can be found here.
  3. See note 2 above.
  4. Schwab Retirement Plan Services internal data from January 2023, to December 31, 2023, based on participant survey included in all live events. Respondents selected "I'm better prepared to take the next step in my financial journey as a result of the information presented in this webcast."
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Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested

Outcomes are not guaranteed.

Workplace Financial Services is a business enterprise which offers products and services through Schwab Retirement Plan Services, Inc.; Schwab Stock Plan Services; and Designated Brokerage Services. Schwab Retirement Plan Services, Inc., provides recordkeeping and related services with respect to retirement plans. Schwab Stock Plan Services is a division of Charles Schwab & Co., Inc. providing equity compensation plan services and brokerage solutions for corporate clients. Schwab Designated Brokerage Services (DBS), a division of Charles Schwab & Co., Inc., provides technology solutions for corporate clients with regulatory requirements to monitor employee security transactions.  Schwab Retirement Plan Services, Inc., and Charles Schwab & Co., Inc. ("Schwab")(Member SIPC) are separate but affiliated entities, and each is a subsidiary of The Charles Schwab Corporation.

Through its operating subsidiaries, The Charles Schwab Corporation provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors as well as provides services to retirement and other benefit plans and participants. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC, sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice. Its banking subsidiaries, Charles Schwab Bank, SSB and Charles Schwab Premier Bank, SSB (Members FDIC and an Equal Housing Lenders), provide banking and lending services and products; Charles Schwab Trust Bank (Member FDIC), provides trust, custody, and deposit products and services. Its recordkeeping subsidiary, Schwab Retirement Plan Services, Inc., provides recordkeeping and related services. What we share here to help support you, your employees, your plan, and your participants represents the broad range of products and services available through The Charles Schwab Corporation and its operating subsidiaries. This includes access to brokerage, banking, trust, and recordkeeping services to help respond to needs that may exist within or beyond your retirement plan.

The Charles Schwab Corporation provides services to retirement and other benefit plans and participants through its separate but affiliated companies and subsidiaries: Charles Schwab Trust Bank, Member FDIC, and Charles Schwab & Co., Inc., Member SIPC. Trust, custody, and deposit products and services are offered by Charles Schwab Trust Bank. Brokerage products and services are offered by Charles Schwab & Co., Inc. Schwab Retirement Technologies, Inc. ("Schwab RT") is engaged in developing and licensing proprietary retirement plan recordkeeping systems to independent third-party administrators.

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