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Personal Defined Benefit Plan

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Schwab’s Personal Defined Benefit Plan helps self-employed and small business owners save aggressively for retirement by allowing you to make very high contributions. Just target a desired level of retirement income, and contribution amounts are adjusted each year to help you reach your goal.

What are the fees and commissions?

  • Variable fees starting at $1,500 for setup, plus annual service fees
  • Commissions: $0 per online trade1; $0 per Schwab ETF online trade in your Schwab account2

There are no fees to open or maintain your account.  Other fees may apply; please see Account Pricing.

What do I get with this defined benefit account?

Every Schwab account comes with one-on-one investment help and guidance. With this plan, you’ll also get:

  • A customized funding proposal
  • High contributions that are generally 100% tax-deductible, within IRS limits. 
  • A predetermined benefit at retirement
  • Expert recordkeeping and plan service
  • Retirement planning tools and resources

Take the next step.

Open a Personal Defined Benefit Plan today. Get detailed instructions above in Establish Your Plan.

Or call 800-435-4000 to speak with a Schwab investment professional.

See all Schwab accounts

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can obtain a prospectus by visiting Please read the prospectus carefully before investing.