Charles Schwab

www.schwab.com

Charles Schwab Benefits

3.7 out of 5 (39 comments)
Most talked about benefits
  • Health Insurance

    "Good coverage, out of pocket getting more expensive." (10 comments)

  • 401K Plan

    "The 401k finally got better - 5% match paid and fully vested with every paycheck. No more having to wait for a lump sum match once/year. The match…" (9 comments)

  • Vacation & Paid Time Off

    "Accrue 8 hrs/mo for your first few years, plus 2 floating holidays and sick days. 4 week sabbatical every 5 years. 8 hrs/yr for volunteering. Don't…" (4 comments)

Benefits Summary

  • High % reporting
  • Medium % reporting
  • Low % / No reports
  • * Employer Verified

Insurance, Health & Wellness

  • Health Insurance
  • Dental Insurance
  • Flexible Spending Account (FSA)
  • Vision Insurance
  • Health Savings Account (HSA)
  • Life Insurance
  • Supplemental Life Insurance
  • Disability Insurance
  • Occupation Accident Insurance
  • Health Care On-Site
  • Mental Health Care
  • Retiree Health & Medical
  • Accidental Death & Dismemberment Insurance

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • Commuter Checks & Assistance
  • Pet Friendly Workplace
  • Mobile Phone Discount
  • Company Car
  • Company Social Events
  • Travel Concierge
  • Legal Assistance

Professional Support

  • Diversity Program
  • Job Training
  • Professional Development
  • Apprenticeship Program
  • Tuition Assistance

Employee Comments

  • Jan 23, 2015
    Current Employee in San Francisco, California

    very good in terms of the benefits coverage

  • Jan 14, 2015
    Former IT in Denver, Colorado

    Worked there 17 years. Not sure how it changed since the insurance exchanges, but before 2013, we had affordable medical, dental and vision insurance options. I think I started off with one week vacation. By the time I left, I was getting 4 weeks annually. 8 paid holidays plus 2 "Float" days. Sick pay. In headquarters, it was flexible getting time off. (Reps and service centers probably have less flexibility, making sure there is enough customer coverage.) Most HQ depts allow regular telecommuting days. Quarterly and Annual performance bonuses, though for us salaried headquarter employees, they didn't amount to much the past several years with budget tightening. (For me, went from 5 figure annual bonuses to 4 figures, post economic bust.) I think the brokers get better bonuses. See GlassDoor’s “Benefits” page for Schwab’s checklist of benefits. What’s not visible from the checklist are two of the best out-of-the-ordinary perks they kept, even through budget cuts - month-long sabbaticals with full pay after every 5 years of service. I took 3! Also, they had a program where you could donate your unused Sick Time to someone who would be out for an extended period of time due to a health issue. I was able to donate twice to people who were out for weeks due to cancer.

  • Jan 26, 2015
    Former FC in Lincoln, Nebraska

    Good benefits but getting more costly. You get a Sabbatical after five years with the company.

  • Jan 7, 2015
    Former Advisor Services in Orlando, Florida

    Best thing is sabbatical every five years. Worst is constantly changing health care options.

  • Dec 25, 2014
    Current Employee in Richfield, Ohio

    1 month sabbatical for every five years of service.

  • Dec 23, 2014
    Current Employee in San Francisco, California

    Strong 401K matching and employee stock purchase plan. Decent health and dental

  • Dec 17, 2014
    Current Employee in San Francisco, California

    401K, paid time off, health coverage

  • Dec 15, 2014
    Former Employee in San Francisco, California

    this employer really puts a lot into the health benefits. Perks are generous

  • Dec 14, 2014
    Current Vice President - Financial Consultant in Chicago, Illinois

    High deductible health insurance plan is expensive, but Schwab contributes some money to employee HSA each year.

  • Dec 10, 2014
    Current Employee in Indianapolis, Indiana

    Has an HSA. Is ok for young healthy single people, but family or someone with pre existing conditions are pretty much having to pay a lot out of pocket. And the pay isn't that great. Hard to support your family on pay and having huge out of pocket medical expenses.

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