Helping participants plan with confidence

Saving for retirement can be complicated. With complex investments, changing regulations, and evolving individual needs, many participants lack confidence in navigating their retirement planning options.

But there is a way to change that. Research shows that participants who have a written financial plan are 7x more likely to be confident in their current and future financial situation than participants without a plan.*

That’s why at Schwab Retirement Plan Services, we give participants access to tried-and-true financial expertise and resources so that they can develop a plan to reach their goals, including:

• Third-party?managed account services that deliver recommendations to support each participant’s retirement goals
• Innovative education, digital tools, and access to a broad range of financial solutions to help them manage their finances
• Executive Services to support your high earners with more complex financial needs

And for those who are more experienced investors, we offer our Schwab Personal Choice Retirement Account?, an industry-leading self-directed brokerage account that lets participants select and manage their own investments, including ESG options.

We’re known for our industry expertise and personalized service. Let our team put both aspects to work for you by helping your participants feel more assured about their financial futures.

* 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) (no fragment number)

“We,” “us,” and “our” refer to Schwab Retirement Plan Services Inc.

At the direction of the Plan Sponsor or Plan Administrator, Participants may have access to advice services that can provide Participants with a retirement savings and investment strategy for their Plan account, furnished by Morningstar Investment Management LLC, an independent registered investment adviser and subsidiary of Morningstar, Inc. Recommendations are formulated and provided by Morningstar Investment Management through Morningstar? Retirement ManagerSM, an advice (nondiscretionary investment advice) and managed accounts (discretionary investment advice and asset management) program which is intended for citizens or legal residents of the United States and its territories, and can be accessed through?workplace.schwab.com. Morningstar Investment Management will select investment options appropriate for each Participant's strategy from the investment options available under the Plan as selected by the Plan Sponsor, Plan Administrator, or other Plan fiduciary. Morningstar Investment Management is not affiliated with or an agent of Schwab Retirement Plan Services, Inc. (SRPS); Charles Schwab & Co., Inc. (CS&Co.), a federally registered investment advisor; or their affiliates. Neither SRPS, CS&Co., nor their affiliates supervise, make recommendations with respect to, or take responsibility for monitoring the advice services provided to the Participants by Morningstar Investment Management. Advice Consultants are registered representatives of CS&Co.; not employees of Morningstar Investment Management, who may facilitate Participant access to Morningstar Retirement Manager, but do not provide investment advice or recommendations regarding the Morningstar Investment Management services. The term "personalized advice" refers to personal participant data such as age, salary, and Plan account balance, which will form the basis by which Morningstar Investment Management will establish the Participant's savings and investment recommendations. Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.?There is no guarantee a Participant's savings and investment strategy will provide adequate income at or through their retirement. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. Results may vary with each use and over time. There is no additional cost for the nondiscretionary investment advice, beyond the expenses imposed by the underlying investments and the standard fees paid to SRPS, CS&Co., and their affiliates for recordkeeping and related services. However, for Participants using the managed account program, an asset-based fee may be charged to Participant Plan accounts based on the Participant's account balance in the managed account program. For a complete list of investment options available under the Plan, as well as information pertaining to fees and expenses applicable to the Plan account, log in to?workplace.schwab.com?to find the most recent annual Fee and Investment Notice and any subsequent Change Notices under "History & Statements." More information about fees and compensation that SRPS, CS&Co., and their affiliates receive are detailed in the Charles Schwab & Co., Inc. Advice Services with Morningstar Investment Management LLC Disclosure Brochure (Form ADV Part 2A). Participants should carefully consider information contained in the materials furnished at their employer's direction regarding the services provided by SRPS and its affiliates and Morningstar Investment Management, including information regarding compensation, affiliations, and potential conflicts. The Morningstar name and logo are registered marks of Morningstar, Inc.

Executive Services is offered by Charles Schwab & Co., Inc. (“Schwab”) (Member SIPC, www.sipc.org) through branch Financial Consultants. Any information provided by the branch Financial Consultant is not intended to be a substitute for specific individual tax or legal advice. Where specific tax or legal advice is necessary or appropriate, please consult an attorney or qualified tax advisor. While Executive Services is a complimentary service, the implementation of any recommendations made during this service may result in trade commissions or other fees, charges, or expenses. Therefore, any such fees incurred when availing of any non-plan related products or services provided by Schwab, its affiliates or any 3rd party advisors will be paid by the individual investor and not by the?retirement plan or Plan Sponsor. There are certain eligibility requirements for working with a dedicated Financial Consultant. Go to schwab.com/representative-compensation for Financial Consultants' compensation information. Please be aware that brokerage products and services provided by Schwab are separate and distinct from the services offered through the retirement plan serviced by Schwab Retirement Plan Services, Inc. (SRPS).

Schwab Personal Choice Retirement Account? (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers.

Because environmental, social and governance (ESG) strategies exclude some securities, ESG-focused products may not be able to take advantage of the same opportunities or market trends as products that do not use such strategies. Additionally, the criteria used to select companies for investment may result in investing in securities, industries or sectors that underperform the market as a whole.

Schwab Retirement Plan Services, Inc. and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC).

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;?Charles Schwab & Co., Inc.; and Schwab Retirement Plan Services, Inc. Trust, custody, and deposit products and services are available through Charles Schwab Trust Bank?Member?of FDIC. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC, www.sipc.org).

Schwab Retirement Plan Services, Inc. created this communication for retirement plan sponsors and retirement plan consultants, advisors, and other retirement plan service providers and fiduciaries only. Schwab Retirement Plan Services, Inc. is not a fiduciary to retirement plans or participants and only provides recordkeeping and related services.

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