Positions Disclosures

Not all footnotes & disclosures apply to all clients or all accounts.

¹Schwab Bank Savings ("SBS") is a money market deposit account ("MMDA") established by your Plan at Charles Schwab Trust Bank ("Trust Bank"). An MMDA is a type of savings deposit. A copy of the current Schwab Bank Savings Disclosure for Participants can be viewed by clicking this link.

Schwab Bank Sweep for Employee Benefit Plans ("SBSEBP") is a program in which your plan elects to have automatic deposits and withdrawals made from a liquid savings account at Trust Bank to earn interest on plan funds pending investment or disbursement. This savings account is separate from the SBS MMDA referenced above. If your plan sponsor has also elected to deposit funds pending investment in company stock at Trust Bank, cash you allocate to a stock liquidity or stock fund will be deposited into the same savings account established for SBSEBP until stock is purchased. A copy of the current Schwab Bank Sweep for Employee Benefit Plans Disclosure for Participants can be viewed by clicking this link.

The portion of your Plan account allocated to SBS and SBSEBP is eligible for Federal Deposit Insurance Corporation ("FDIC") insurance up to $250,000 subject to the FDIC rules concerning aggregation of deposit accounts you hold in the same capacity with Schwab Trust Bank. You are responsible for monitoring the total amount of deposits you maintain directly with Trust Bank in an individual retirement account or self-directed employee benefit plan account. Because the deposit insurance rules are complex, you may want to contact the FDIC or use the FDIC's online tool, Electronic Deposit Estimator (fdic.gov/edie), to estimate your total coverage.

Effective January 1, 2020, Charles Schwab Bank, SSB, transferred the Schwab Bank Savings and Schwab Bank Sweep for Employee Benefit Plans money market deposit accounts ("MMDAs") to Charles Schwab Trust Bank. The terms and conditions governing the MMDAs were unchanged as a result of the transfer. All historical rate information provided for the Trust Bank MMDAs will include rates paid by Charles Schwab Bank, SSB, prior to January 1, 2020.

Charles Schwab Trust Bank in its capacity as directed trustee or custodian of your Plan's assets receives, as compensation for its services, credits, interest or other earnings (collectively "Float") on cash balances held as a deposit obligation of Charles Schwab Trust Bank or any third-party bank. If the source of payment of a securities purchase transaction is your balance in Schwab Bank Savings or your PCRA, Charles Schwab Trust Bank will transfer cash, pending settlement of the corresponding securities purchase transaction, from your Schwab Bank Savings balance or your PCRA to an omnibus bank account maintained by Charles Schwab Trust Bank. The Float period begins on the date such cash is received by Charles Schwab Trust Bank in its omnibus bank account and ends on the date of settlement. Charles Schwab Trust Bank estimates the value of Float on uninvested cash deposit balances to equal the Charles Schwab Trust Bank's average investment portfolio yield for a given period less the cost of FDIC insurance premiums Charles Schwab Trust Bank is required to pay on such deposits.

The My Retirement Progress™ percentage is calculated by Schwab Retirement Plan Services, Inc. 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.

The Charles Schwab Corporation provides services to retirement and other benefit plans and participants through its separate but affiliated companies and subsidiaries: Charles Schwab Bank, SSB; 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 Bank, SSB, and Charles Schwab Trust Bank, Members of FDIC. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC, www.sipc.org). (0120-98DL)

Agreements