Schwab SIMPLE IRA

Open an account with $0.
Account service fees: None (other fees apply).
Contribution limit: Employee salary deferrals of up to $10,500 in tax year 2008 and $11,500 for 2009 ($13,000 if age 50 or over for 2008 and $14,000 for 2009); employer matching contributions of up to 3% of employee compensation.
Who’s it for? Business owners with no more than 100 employees who want a retirement plan that’s easy to manage and funded mainly by employee salary deferrals.

Open the account that lets you:

Recruit and retain good employees through an employee salary deferral program and generous employer matching contributions.
Have your employees make the larger portion of contributions to their own accounts while you make additional contributions that match your own and your employees’ contributions of up to 3% of annual compensation.
Deduct contributions made on behalf of employees as a business expense; your earnings grow tax-deferred.
Enjoy simplified administration; no tax filing is required.

Because it’s a Schwab account, participants can:

Decide how your contributions are invested by using our industry-recognized research to choose stocks; bonds; CDs; no-load, no-transaction-fee mutual funds and more; or by selecting a single portfolio solution.
Take advantage of Schwab’s retirement planning tools and resources.
Get investment guidance from a Schwab investment professional.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource® service. Schwab’s short-term redemption fee of $49.95 will be charged on redemptions of funds purchased through Schwab’s Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. For each of these trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

(1207-9031)