Enjoy greater choice of investments for your retirement plan
With a Schwab Personal Choice Retirement Account® (PCRA), you can make investments in your retirement plan with the freedom of a brokerage account.
What is PCRA?
PCRA is a self-directed brokerage account (SDBA)—
a brokerage account that resides within your employer-sponsored retirement plan. In addition to the choices typically offered by retirement plans, PCRA lets you invest in a much wider range of investments.
How it works:
Your Retirement Plan Provider must offer PCRA as part of your retirement plan in order for you to open an account.
Your employer will determine if your retirement plan's investment selection for PCRA includes only mutual funds or most available investments.
You decide how much money to transfer from your retirement plan into PCRA.
You invest your PCRA assets in any type of investment allowed.
Benefits of PCRA
PCRA helps you meet your retirement investment objectives:
More investment choices
Select from thousands of investments available through Schwab, depending on what your retirement plan allows:
Premium research and tools
Find the right investments for you with Schwab's industry leading resources:
Online screening, trading, and account monitoring tools
Pre-screened lists of stocks and mutual funds
Commentary and insight from industry experts
Flexibility to invest your way Place trade orders on your own or with help from Schwab:
Place trade orders online or by phone at a discount, day or night.
Get assistance from Schwab PCRA Registered Representatives who are familiar with your Plan.
Visit one of our Schwab branches nationwide for help with the assets outside of your PCRA.
Who is PCRA for?
PCRA is appropriate for knowledgeable, experienced investors who:
• Are seeking a wider range of investments
• Can dedicate more time to managing their investments
• Are comfortable making more of their own investing decisions
Schwab is restricted from providing advice on this account; however, your retirement plan may allow you to appoint an independent advisor.
Fees and requirements
Schwab does not charge you a fee for PCRA.
Your Retirement Plan Provider may charge an account maintenance fee.
Current regulations prevent us from including your PCRA with your other household accounts at Schwab.
How to get started
If your retirement plan offers PCRA, contact your Retirement Plan Provider or your employer's benefits department to request PCRA enrollment materials.
Call 888-393-7272 for more information on PCRA and to see whether it's right for you.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling Schwab’s dedicated PCRA Call Center at 888-393-7272. You may also request a prospectus at Schwab.com. 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 redemption of funds purchased through Schwab’s Mutual Fund OneSource® service (and certain other funds with no transaction fee) 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.
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Questions about PCRA?
Call 888-393-7272 to speak with a Schwab PCRA Registered Representative (Weekdays, 9:00 a.m.-7:30 p.m. ET).
Call us at 866-232-9890
Send us an email