Charles Schwab: Retirement Plan Services: Overview

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Delivering the expertise and convenience of a Professionally Managed Solution

Built around target retirement funds*, our Professionally Managed Solution is ideal for employees who:

Want a professional to actively manage their retirement investments at a fund level
Don't have the time, interest or knowledge to make investment decisions

The portfolios become progressively more conservative as the target dates approach, reaching 40% equity and 60% fixed income allocations at the target dates. The funds continue to become more conservative for 20 years beyond the target retirement dates. Once they reach 25% equity and 75% fixed income allocations, the allocations no longer change. At that time, the target-date funds will merge with the SMRT Income Fund. The SMRT Funds glide path is shown below.

The portfolios provide participants easy, turn-key solutions for retirement investing:

A participant determines his or her retirement date and chooses the appropriate fund.
Professional sub-advisors oversee portfolios designed to take participants to and through retirement.
Portfolios automatically adjust to become more conservatively invested over time.

* Target retirement funds do not offer the flexibility some participants may want in selecting their own investments and managing the asset allocation of the funds in their retirement account. Target retirement funds may not be appropriate for participants who are interested in this level of flexibility. Professional management is on a fund level, which may include investment management advice by investment sub-advisors.