Personal Choice Retirement Account
With a Schwab Personal Choice Retirement Account® (PCRA), you can invest in a retirement plan with the freedom of a brokerage account.
What is a PCRA?
A Schwab PCRA is a self-directed brokerage account (SDBA) 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.

Why PCRA?
More investment choices.
In addition to your retirement plan’s core investment options, you can select from thousands of investments available through Schwab.
Powerful trading platforms.
Get access to award-winning platforms, tailored education, and specialized support with Schwab Trading powered by Ameritrade™.
Flexibility to invest your way.
Place trade orders on your own or with help from Schwab.
Dedicated support.
You can call 1-888-393-PCRA (7272) to speak to a dedicated PCRA Call Center representative.

Who would benefit from a PCRA?
A 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 PCRAs; however, your retirement plan may allow you to appoint an independent advisor.
How does it work?
- 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 your PCRA.
- You can invest your PCRA assets in any type of investment allowed by your retirement plan.
Fees and requirements
- Schwab does not charge you a fee for PCRA.
- Your retirement plan provider may charge an account maintenance fee.
- Transaction fees and commissions apply. See the Charles Schwab Pricing Guide for Retirement Plan Accounts and the PCRA Pricing Summary for details.
- Your PCRA cannot be included with your other household accounts at Schwab.
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Take the next step.
If your provider offers a PCRA as part of your retirement plan, you can open your PCRA online.
Contact your employer's benefits department to request PCRA enrollment materials.
Call 888-393-7272 orSee all Schwab accounts.
Request a prospectus by calling 888-393-7272.