Fillable Individual 401(k) Account Application (Charles Schwab)

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Individual 401(k) Account Application (Charles Schwab)

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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 1 of 11
Schwab.com
1-800-435-4000
(inside the U.S.)
+1-415-667-8400
(outside the U.S.)
1-888-686-6916
(multilingual services)
Employer Instructions
• Read and complete all sections of this account application. Make a photocopy for your plan records, and return the
original to Charles Schwab & Co., Inc. However, if this is an initial employer adoption of a Schwab Individual 401(k), you
must also include your completed, signed and dated Individual 401(k) Adoption Agreement.
• If you have plan participants other than yourself, complete Section 1 below before giving a photocopy of the Account
Application to each participant to complete and return to you to return to Schwab.
• For important disclosures about our relationship with you and the services we can provide, please visit schwab.com/
transparency.
Participant (Account Holder) Instructions
Read and complete Sections 2–6 of this account application before signing and dating it. Return it to your Employer.
1 Employer Information
Business Name of Adopting Employer Employer’s Federal Tax Identification Number (EIN) (Required)*
Business Street Address (no P.O. boxes) City State Zip Code
Business Telephone Number
If you are adding an additional participant to an already established Schwab Individual 401(k), please indicate the
participant’s relationship:
Owner (or partner) Spouse (of owner or partner)
*This is the tax identification number assigned to your business. Do not use your Social Security number or Plan
Identification Number.
Plan Information
Name of Plan Plan Sequence Number Plan Identification Number (if applicable)
†
Name of Plan Administrator (if not the Employer) Adopting Employer Tax Year-End (specify month and day)
Business Street Address (no P.O. boxes) City State Zip Code
Business Telephone Number
†
This is the tax identification number assigned to your Plan. Do not use your Social Security number or the tax
identification number assigned to your business.
CLEAR
PRINT
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 2 of 11
2 Account Holder Information
We respect your privacy. Charles Schwab & Co., Inc. (“Schwab”) will use the information you provide to open and service
your accounts, communicate with you, and provide information about products and services. Read about Schwab’s
privacy policy at www.schwab.com/privacy.
As required by federal law,
Schwab will use the
information provided to verify
your identity.
Name Title, First Middle Name Last Name, Suffix
Social Security Number Date of Birth mm/dd/yyyy Are you known by another name? Please specify.
Regulations require that
you provide us with your
legal address.
Home/Legal Street Address No P.O. Boxes City State Zip Code
Include mailing address if
different from your
home/legal address.
Mailing Address P.O. Boxes may be used City State Zip Code
Home Phone
Mobile Phone Work Phone Extension
Please provide your email address if you would like to access your accounts online. By providing your email address, you
consent to receiving email from Schwab.
Email Address Mother's Maiden Name
Country(ies) of Citizenship Please list all.
USA Other(s)
Country of Citizenship 1 Country of Citizenship 2, if applicable
Country of Legal Residence Please select only one box.
USA Other
Other Country of Legal Residence
ID Type and Number Please select only one box and provide the relevant information below.
Driver's License Passport U.S. Government-Issued ID
ID Number Country/State of ID Issuance ID Expiration Date mm/dd/yyyy
Marital Status
Single Married Divorced Widowed Number of Dependents
Securities industry regulations require that we collect this information.
Employment Information
Please select only one box.
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 3 of 11
Occupation
If you selected “Employed” or
“Self-Employed,” please
select one option that best
describes your occupation.
Business Owner/Self-Employed Executive/Senior Management
Medical Professional Legal Professional
Accounting Professional Financial Services/Banking Professional
Information Technology Professional Other Professional
U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)
Military Educator
Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)
Sales/Marketing Consultant
Other Please Specify:
Business Street Address No P.O. Boxes City State Zip Code
The next two questions are required.
You must answer
this question.
Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal
securities broker-dealer?
No Yes
If "yes," you must attach a letter from your employer approving the establishment of your account when
submitting this Application.
Company Name
You must answer
this question.
Are you a director, 10% shareholder or policy-making officer of a publicly held company?
No Yes If "yes," please list all companies below.
Company Name Trading Symbol
Financial Information
Securities industry regulations require that we collect this information.
Investment Experience
Please select only one box
in each section.
None Limited Good Extensive
Annual Income
Under $15,000 $15,000-$24,999 $25,000-$49,999 $50,000-$99,999 $100,000 or more
Liquid Net Worth
Your liquid net worth is the part of your net worth that can be easily turned into cash. Liquid net worth includes investments like stocks and mutual
funds, but not assets like real estate.
Under $25,000 $25,000-$49,999 $50,000-$99,999 $100,000-$249,999 $250,000 or more
$
Specify dollar amount if $250,000 or more
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 4 of 11
Trusted Contact Designation
A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on
your behalf, if necessary, to attempt to address concerns regarding potential financial exploitation, or in communicating
with you regarding issues related to your account(s). A Trusted Contact will not be able to view your account information,
execute transactions in your account(s), or inquire about account activity, unless that person has that authority through
another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact
information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the
future.
• Schwab suggests that your Trusted Contact(s) be someone other than your financial consultant or investment advisor.
• You may name up to two Trusted Contacts.
• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as
provided for in your account agreement.
• For multiple-party accounts, each party can name separate Trusted Contacts.
• The Trusted Contact(s) must be at least 18 years old.
Trusted Contact Information
Trusted Contact information provided on this form will replace all Trusted Contact information currently on file.
Person 1
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
Person 2
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 5 of 11
* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your
advisor (if you have one) to contact the Trusted Contact Person(s) at their discretion and to disclose information about
your account to address possible activities that might indicate financial exploitation of you; to confirm the specifics of
your current contact information, health status (including physical or mental capacity), or the identity of any legal
guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA
rules or state law. For more information, please see your Schwab Account Agreement, which is available at
schwab.com/accountagreement.
3 Overall Investment Objective of Account
Overall Investment Objective of Account
Please select all boxes
that apply.
Capital Preservation
You are seeking to minimize the potential of losing your initial investment.
Income
You are seeking the continued receipt of current income while recognizing and accepting the risks of
income-generating investments.
Growth
You are seeking to increase the value of your investments over time while accepting price fluctuations
and volatility.
Speculation
You are willing to assume a higher risk of loss in exchange for potentially higher returns.
4 Account Features
Your Participation and Consent to Enroll in Schwab’s Cash Features Program
A. Cash Features Program Information for Employers
The Cash Features Program is a service that offers the Bank Sweep feature (named with respect to retirement plans the
“Bank Sweep for Benefit Plans” feature) (a “Cash Feature”) to permit uninvested cash (the “Free Credit Balance”) in the
Plan and/or Participant brokerage accounts under the Plan, as applicable, to earn income while you and/or your
Participants, as applicable, decide how those funds should be invested longer term.
You understand that the terms and conditions of the Cash Features Program and of each Cash Feature are set forth in
the Cash Features Disclosure Statement.
You instruct and direct Schwab to include the Free Credit Balance under the Plan in the Cash Features Program, as
described in the Cash Features Disclosure Statement.
The Bank Sweep feature (including the Bank Sweep for Benefit Plans feature) is designated as the Cash Feature for
brokerage accounts of account holders residing in the U.S. Through the Bank Sweep feature, Schwab automatically
makes deposits to and withdrawals from deposit accounts at one or more Sweep Banks that are insured by the Federal
Deposit Insurance Corporation (FDIC) up to certain prescribed FDIC limits.
You understand and agree that Schwab can (1) make changes to the terms and conditions of the Cash Features Program;
(2) make changes to the terms and conditions of any Cash Feature; (3) change, add, or discontinue any Cash Feature; (4)
change the Plan’s and/or any Participant’s investment from one Cash Feature to another if the Plan and/or any
Participant, as applicable, becomes ineligible for the current Cash Feature or the current Cash Feature is discontinued;
and (5) make any other changes to the Cash Features Program or Cash Feature as allowed by law. Schwab will notify you
in writing of changes to the terms of the Cash Features, changes to the Cash Features we make available, or changes to
the Cash Features Program prior to the effective date of the proposed change.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 6 of 11
B. Cash Features Program Information for Plan Participants
The Cash Features Program is a service that offers certain cash features (each a “Cash Feature”) to permit uninvested
cash (the “Free Credit Balance”) in your Participant brokerage accounts under the Plan to earn income while you decide
how those funds should be invested longer term.
All uninvested funds held within your Account will be automatically invested (swept) into the Cash Feature selected by
your Employer. If you have questions about your Plan’s Cash Feature selection, please contact your Employer.
You understand that the terms and conditions of the Cash Features Program and of each Cash Feature are set forth in
the Cash Features Disclosure Statement.
You understand that your Employer has instructed and directed Schwab to include the Free Credit Balance under the
Plan in the Cash Features Program, as described in the Cash Features Disclosure Statement, and that by your use of the
Account you are consenting to the terms related to the Cash Feature selected on behalf of the Plan.
You understand and agree that Schwab may (1) make changes to the terms and conditions of the Cash Features
Program; (2) make changes to the terms and conditions of any Cash Feature; (3) change, add, or discontinue any Cash
Feature; (4) change the Plan’s and/or any Participant’s investment from one Cash Feature to another if the Plan and/or
any Participant, as applicable, becomes ineligible for the current Cash Feature or the current Cash Feature is
discontinued; and (5) make any other changes to the Cash Features Program or Cash Feature as allowed by law. Schwab
will notify you in writing of changes to the terms of the Cash Features, changes to the Cash Features we make available,
or changes to the Cash Features Program prior to the effective date of the proposed change.
Electronic Trade Confirmations (“eConfirms”)
If you have provided your email address, you will soon receive an email that will tell you how to receive paperless trade
confirmations and the associated prospectuses and disclosures by email. Until we receive a response to our email, you
will receive paper trade confirmations and disclosures through the U.S. mail. You may enroll in our electronic delivery
services or return to delivery through the U.S. mail at any time by indicating your preferences online.
No, at this time I do not want eConfirms.
5 Beneficiary Designation
In the event of my death, pay the full value of my account (in equal proportions in the case of multiple beneficiaries unless
I indicate otherwise) to the Primary Beneficiary(ies) as designated on the next page. I understand that if a Primary
Beneficiary predeceases me, the remaining portion will be divided proportionately to any surviving Primary Beneficiaries
in the manner provided in the Charles Schwab & Co., Inc. Individual Retirement Plan. If no Primary Beneficiary survives
me, pay the full value of my account (in equal proportions in the case of multiple beneficiaries unless I indicate otherwise)
to the Contingent Beneficiary(ies) as designated on the next page. I understand that if a Contingent Beneficiary
predeceases me, the remaining portion will be divided proportionately to any surviving Contingent Beneficiaries in the
manner provided in the Charles Schwab & Co., Inc. Individual Retirement Plan. If no designated beneficiary survives me,
or if I do not designate a beneficiary, pay the full value of my account to my estate.
I understand that I may change or revoke this designation at any time by completing a new IRA Beneficiary Form during
my lifetime with Schwab. It will become effective when Schwab receives it.
If I live in a state with community-property statutes and do not designate my spouse as the sole Primary Beneficiary, I
represent and warrant that my spouse has consented to such designation.
I understand that if Schwab determines that my beneficiary designation is not clear with respect to the amount of the
distribution, the date on which the distribution shall be made, or the identity of the party or parties who will receive the
distribution, Schwab will have the right, in its sole discretion, to consult counsel and to institute legal proceedings to
determine the proper distribution of the account, all at the expense of the account, before distributing or transferring the
account.
PLEASE NOTE: Primary Beneficiary(ies) share percentage must add up to 100%. Contingent Beneficiary(ies) share
percentage must add up to 100%. If you wish to designate more than four beneficiaries, attach a separate sheet of paper
and include all the information as requested below.
I hereby designate the individual(s) or entity(ies) below as my beneficiary(ies):
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 7 of 11
Type of Beneficiary
The portion % must add up to
100% per beneficiary type.
The portion can be extended
to the hundredths position
(e.g., 33.33%). If left blank,
portions will be evenly
distributed amongst
beneficiaries.
Primary Contingent
Portion %
First Title, Name
Middle Name or Initial
Last Name, include suffix
Trust/Organization/Estate If Trust, include full Trust Name
Note: Benefits cannot be
expressed in dollar amounts.
If you wish to indicate
additional designation
options, please skip this
section, complete the Schwab
IRA Beneficiary Designation
form, and submit it with this
application.
For future beneficiary
designations and changes,
visit
schwab.com/
beneficiaries.
Relationship Select only one.
Spouse Child Grandchild Parent Sibling Other Individual
Trust Organization Estate
Social Security Number/Tax ID Number Date of Birth/Trust Date mm/dd/yyyy
Mailing Address City State Postal or Zip Code
Phone Number Email Address
Country of Citizenship
USA Other
Country of Citizenship
Country of Legal Residence Select only one.
USA Other
Other Country of Legal Residence
Type of Beneficiary
The portion % must add up to
100% per beneficiary type.
The portion can be extended
to the hundredths position
(e.g., 33.33%). If left blank,
portions will be evenly
distributed amongst
beneficiaries.
Primary Contingent
Portion %
First Title, Name
Middle Name or Initial
Last Name, include suffix
Trust/Organization/Estate If Trust, include full Trust Name
Note: Benefits cannot be
expressed in dollar amounts.
If you wish to indicate
additional designation
options, please skip this
section, complete the Schwab
IRA Beneficiary Designation
form, and submit it with this
application.
For future beneficiary
designations and changes,
visit
schwab.com/
beneficiaries.
Relationship Select only one.
Spouse Child Grandchild Parent Sibling Other Individual
Trust Organization Estate
Social Security Number/Tax ID Number Date of Birth/Trust Date mm/dd/yyyy
Mailing Address City State Postal or Zip Code
Phone Number Email Address
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 8 of 11
Country of Citizenship
USA Other
Country of Citizenship
Country of Legal Residence Select only one.
USA Other
Other Country of Legal Residence
Type of Beneficiary
The portion % must add up to
100% per beneficiary type.
The portion can be extended
to the hundredths position
(e.g., 33.33%). If left blank,
portions will be evenly
distributed amongst
beneficiaries.
Primary Contingent
Portion %
First Title, Name
Middle Name or Initial
Last Name, include suffix
Trust/Organization/Estate If Trust, include full Trust Name
Note: Benefits cannot be
expressed in dollar amounts.
If you wish to indicate
additional designation
options, please skip this
section, complete the Schwab
IRA Beneficiary Designation
form, and submit it with this
application.
For future beneficiary
designations and changes,
visit
schwab.com/
beneficiaries.
Relationship Select only one.
Spouse Child Grandchild Parent Sibling Other Individual
Trust Organization Estate
Social Security Number/Tax ID Number Date of Birth/Trust Date mm/dd/yyyy
Mailing Address City State Postal or Zip Code
Phone Number Email Address
Country of Citizenship
USA Other
Country of Citizenship
Country of Legal Residence Select only one.
USA Other
Other Country of Legal Residence
Type of Beneficiary
The portion % must add up to
100% per beneficiary type.
The portion can be extended
to the hundredths position
(e.g., 33.33%). If left blank,
portions will be evenly
distributed amongst
beneficiaries.
Primary Contingent
Portion %
First Title, Name
Middle Name or Initial
Last Name, include suffix
Trust/Organization/Estate If Trust, include full Trust Name
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 9 of 11
Note: Benefits cannot be
expressed in dollar amounts.
If you wish to indicate
additional designation
options, please skip this
section, complete the Schwab
IRA Beneficiary Designation
form, and submit it with this
application.
For future beneficiary
designations and changes,
visit schwab.com/
beneficiaries.
Relationship Select only one.
Spouse Child Grandchild Parent Sibling Other Individual
Trust Organization Estate
Social Security Number/Tax ID Number Date of Birth/Trust Date mm/dd/yyyy
Mailing Address City State Postal or Zip Code
Phone Number Email Address
Country of Citizenship
USA Other
Country of Citizenship
Country of Legal Residence Select only one.
USA Other
Other Country of Legal Residence
If more than four Primary or Contingent Beneficiaries are designated, attach a separate sheet of paper, signed and dated
as it appears on this application.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 10 of 11
Consent of Spouse
I hereby consent to the designation of beneficiary as shown. I understand that if anyone other than me is designated as
primary beneficiary on this form, I am waiving rights I may have to receive benefits under the plan when my spouse dies.
Note: This signature must be witnessed by a notary public.
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Notarization
Notice to CA Residents: A notary public or other officer completing this certificate verifies only the identity of the
individual(s) who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or
validity of that document.
Certificate of Acknowledgment of Notary Public*
State of in the County of On mm/dd/yyyy
the above-named individual(s) personally appeared before me and proved to me on the basis of satisfactory evidence
to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/
they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.
Notary Signature Today’s Date mm/dd/yyyy
Print Notary Name
My Commission Expires mm/dd/yyyy
(NOTARY SEAL)
*If your state law permits, notaries may attach the appropriate notarizing declaration in lieu of this notarization.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application
Page 11 of 11
6 Authorization to Open Account
Please read and sign below. By signing this Application, you (a) certify under penalty of perjury that the number shown on this Application is your
correct taxpayer number; (b) certify that the information and instructions you have provided in this Application are
correct; (c) authorize Schwab to open a Schwab Individual 401(k) account in the name of the account holder listed on this
Application; and (d) acknowledge that you have received and read the attached Application Agreement, which contains a
predispute arbitration provision.
Your signature below signifies and constitutes your agreement that this account and your relationship with Schwab will
be governed by the Application Agreement and all incorporated agreements and disclosures, including, but not limited to
the Schwab Individual 401(k) Account Agreement and the Charles Schwab Pricing Guide, each as amended from time to
time (the “Agreements and Disclosures”).
You understand there are fees associated with establishing, maintaining, engaging in transactions and transferring assets
out of this account.
You also acknowledge that the securities products purchased or sold in a transaction with Schwab (i) are not insured by
the Federal Deposit Insurance Corporation (“FDIC”); (ii) are not deposits or other obligations of Schwab and are not
guaranteed by Schwab Bank; and (iii) are subject to investment risks, including possible loss of the principal invested.
This account is established and effective when you receive your account number.
For purposes of this Account Application and the attached Application Agreement, the terms “you,” “your” and “Account
Holder” refer to each person who signs this Account Application. The terms “we,” “us,” “our” and “Schwab” refer to
Charles Schwab & Co., Inc.
You certify under penalty of perjury that (1) the Plan Identification Number shown on this application is correct; (2)
the plan is not subject to back-up withholding because (a) the plan is exempt from back-up withholding, or (b) you
have not been notified by the IRS that the plan is subject to back-up withholding as a result of a failure to report all
interest and dividends, or (c) the IRS has notified you that the plan is no longer subject to back-up withholding; (3)
the plan is a U.S. person; and (4) the plan is exempt from Foreign Account Tax Compliance Act (FATCA) reporting.
(You understand that if you have been notified by the IRS that the plan is subject to back-up withholding as a result
of dividend or interest underreporting and you have not received a notice from the IRS advising you that back-up
withholding is terminated, you must strike or cross out the information contained in item 2 above.)
The Internal Revenue Service does not require your
consent to any provision of this document other than
the certifications required to avoid backup withholding.
The Agreement with Schwab includes a predispute
arbitration clause. You acknowledge receipt of the
predispute arbitration clause contained in Section 11,
page 2, of the Application Agreement.
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
7 Return Instructions
• Upload online with secure messaging (if you are an existing client and have online access to your account).
1. Go to Schwab.com and log in to your account.
2. Click Message Center (under Service), and then click Upload Document.
• Fax to 1-888-526-7252.
• Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).
• Mail to any of the following addresses:
Regular Mail (West)
Charles Schwab & Co., Inc.
P.O. Box 982600
El Paso, TX 79998-2600
Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 628291
Orlando, FL 32862-8291
Overnight Mail (East)
Charles Schwab & Co., Inc.
1958 Summit Park Dr., Ste. 200
Orlando, FL 32810
Overnight Mail (West)
Charles Schwab & Co., Inc.
1945 Northwestern Dr.
El Paso, TX 79912
PRINT
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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account
Application Agreement
Page 1 of 3
Client Copy - This agreement relates to your account and is part of the Account Agreement between each Account
Holder and Schwab. Please read and retain for your files.
Section 1: Scope of Agreement.
Your agreement with Schwab consists of the
terms set forth in this Application Agreement
and the terms set forth in the Schwab
Individual 401(k) Account Agreement, which
incorporates the Charles Schwab Pricing Guide
and a number of other important disclosures.
The Schwab Individual 401(k) Account
Agreement is provided with this Application or
at the opening of your Account. You agree to
contact Schwab if you do not receive the
Schwab Individual 401(k) Account Agreement.
In addition, you may in the future receive from
Schwab supplemental terms or disclosures
that pertain to certain account types, service
features and benefit packages. These
supplemental terms and disclosures, this
Application Agreement and the Schwab
Individual 401(k) Account Agreement are
collectively referred to as the “Agreement and
Disclosures.” You agree to read the Agreement
and Disclosures carefully and retain copies for
your records.
The Account is also governed by the Schwab
Individual 401(k) Basic Plan Document, which is
provided to the employer at the time the
Schwab Individual 401(k) plan is adopted and
established. If you are an employee, questions
about your employer’s plan should be
addressed to your employer.
Section 2: Acceptance of Agreement and
Disclosures.
You agree that the Agreement and Disclosures
govern all aspects of your relationship with
Schwab, including all transactions between
Schwab and you and all products and services
now or in the future offered through Schwab.
Schwab may rely on your use of Schwab’s
products and services as evidence of your
continued acceptance of the Agreement and
Disclosures.
Section 3: Your Representations and
Warranties.
You represent and warrant that: (a) you are of
legal age in the state in which you live and you
are authorized to enter into this agreement; (b)
you have supplied accurate information in your
Account Application; (c) you consent to the
beneficiaries you have designated in your
Account Application; (d) no additional
authorizations from third parties are required
for you to open the Account and effect
transactions therein; (e) except as you have
otherwise indicated on your Account
Application or in writing to us, (i) you are not an
employee of, or affiliated with, any securities
exchange or member firm of any exchange, the
Financial Industry Regulatory Authority (FINRA),
or any securities firm, bank, trust company, or
insurance company; and (ii) you are not a
director, 10% beneficial shareholder,
policymaking officer, or otherwise an
“affiliate” (as defined in Rule 144 under the
Securities Act of 1933) of a publicly traded
company; and (f) this Application Agreement,
as amended from time to time, is a legal, valid
and binding obligation, enforceable against you
in accordance with its terms.
Section 4: Account Handling.
Schwab will automatically hold all of your
securities purchased, sales proceeds,
dividends and interest. Schwab will also
release your name, address and securities
positions to companies in which we hold
securities for your Account upon request,
unless you notify us otherwise in writing.
Section 5: Responsibility for Investment
Decisions.
You agree that you and any agent under a
power of attorney or Investment Advisor (if you
have one) are solely responsible for investment
decisions in your Account, including whether to
buy or sell a particular security. Unless
required by law, or unless Schwab provides
advice to you that is clearly identified as an
individualized recommendation for you, you
understand that Schwab has no obligation to
determine whether a particular transaction,
strategy or purchase or sale of a security is in
your best interest. Your obligation includes an
affirmative duty to monitor and stay informed
about your Account and your investments, and
respond to changes as you deem appropriate.
Unless we otherwise agree with you in writing,
Schwab does not monitor your account(s) or
investments and has no obligation to update an
investment recommendation, financial advice,
or financial plan we may give you. Such
recommendation, financial advice, or financial
plan only applies at the point in time we
provide it to you. You acknowledge that
Schwab does not provide tax or legal advice.
Section 6: Payment of Indebtedness.
You agree to make payment of any
indebtedness related to your Account,
including, but not limited to, any such
indebtedness that results from instructions
provided to Schwab by you, your agent or any
attorney-in-fact under a power of attorney or
Investment Advisor authorized to make
transactions in your Account. We may elect
anytime, with or without notice, to make any
debit balance or other obligation related to
your Account immediately due and payable. We
may report any past-due account to a
consumer and/or securities credit reporting
agency. We may also refer your Account to a
collection agency.
Section 7: Liquidations.
Whenever it is necessary for our protection to
satisfy a debit in your Account or obligation
owed us with respect to your Account
(including the payment of any fees and
expenses relating to your Account that are
assessed from your Account), you authorize
and direct Schwab to sell, assign and deliver all
or any part of the property in your Account or
close any or all transactions in your Account or
restrict activity in your Account as may be
necessary from time to time to satisfy any such
debit or obligation. You further authorize and
direct us to choose which property to buy or
sell, which transactions to close, and the
sequence and timing of liquidation. We may
take such actions on whatever exchange or
market and in whatever manner (including
public auction or private sale) that we choose
in the exercise of our business judgment
pursuant to this direction. You agree not to
hold us liable for the choice of which property
to buy or sell or which transactions to close, or
for the timing or manner of liquidation, or any
tax consequences from such actions pursuant
to this direction. This serves as your direction
and authorization to us, without any additional
notice to you. No demand or notice shall
impose on Schwab any obligation to make such
demand or provide such notice to you in the
future. Any such notice or demand is hereby
expressly waived, and no specific demand or
notice shall invalidate this waiver.
Section 8: Disclosure of Account Information.
You understand and agree that Schwab may
from time to time, without notice to you and
without liability, provide information about your
Schwab Individual 401(k) Account to the Plan
Administrator and/or Trustee.
Section 9: Verification.
You authorize Schwab to inquire from any
source, including a consumer reporting agency,
as to the identity (as required by law),
creditworthiness and ongoing eligibility for the
Account of the Account Holders, any other
person referred to on this Application, or any
person whom Schwab is later notified is
associated with or has an interest in the
Account (as well as such persons’ spouses if
they live in a community-property jurisdiction)
at account opening, at any time throughout the
life of the Account, and thereafter for debt
collection or investigative purposes.
Section 10: Required Arbitration Disclosures.
Regulatory authorities require that any
brokerage agreement containing a predispute
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application Agreement - Client Copy
Page 2 of 3
arbitration agreement must disclose that this
agreement contains a predispute arbitration
clause. This Agreement contains a predispute
arbitration clause. By signing an arbitration
agreement, the parties agree as follows:
• All parties to this Agreement are giving up
the right to sue each other in court, including
the right to a trial by jury, except as provided
by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and
binding; a party’s ability to have a court
reverse or modify an arbitration award is
very limited.
• The ability of the parties to obtain
documents, witness statements and other
discovery is generally more limited in
arbitration than in court proceedings.
• The arbitrators do not have to explain the
reason(s) for their award unless, in an
eligible case, a joint request for an explained
decision has been submitted by all parties to
the panel at least 20 days prior to the first
scheduled hearing date.
• The panel of arbitrators will typically include
a minority of arbitrators who were or are
affiliated with the securities industry.
• The rules of some arbitration forums may
impose time limits for bringing a claim in
arbitration. In some cases, a claim that is
ineligible for arbitration may be brought in
court.
• The rules of the arbitration forum in which
the claim is filed, and any amendments
thereto, shall be incorporated into this
Agreement.
No person shall bring a putative or certified
class action to arbitration, nor seek to enforce
any predispute arbitration agreement against
any person who has initiated in court a
putative class action; or who is a member of a
putative class who has not opted out of the
class with respect to any claims encompassed
by the putative class action until:
1. the class certification is denied;
2. the class is decertified; or
3. the customer is excluded from the class by
the court.
Such forbearance to enforce an agreement to
arbitrate shall not constitute a waiver of any
rights under this Agreement except to the
extent stated herein.
Section 11: Arbitration Agreement.
Any controversy or claim arising out of or
relating to (i) this Agreement, any other
agreement with Schwab, an instruction or
authorization provided to Schwab or the
breach of any such agreements, instructions,
or authorizations; (ii) the Account, any other
Schwab account or Services; (iii) transactions
in the Account or any other Schwab account;
(iv) or in any way arising from the relationship
with Schwab, its parent, subsidiaries,
affiliates, officers, directors, employees,
agents or service providers (“Related Third
Parties”), including any controversy over the
arbitrability of a dispute, will be settled by
arbitration.
This arbitration agreement will be binding
upon and inure to the benefit of the parties
hereto and their respective representatives,
attorneys-in-fact, heirs, successors, assigns
and any other persons having or claiming to
have a legal or beneficial interest in the
Account, including court-appointed trustees
and receivers. This arbitration agreement will
also inure to the benefit of third-party service
providers that assist Schwab in providing
Services (“Third-Party Service Providers”) and
such Third-Party Service Providers are
deemed to be third-party beneficiaries of this
arbitration agreement.
The parties agree that this arbitration
agreement will apply even if the application to
open the Account is denied and will survive
the closure of your Account and/or the
termination of services rendered under this
Agreement.
Such arbitration will be conducted by, and
according to the securities arbitration rules
and regulations then in effect of, the Financial
Industry Regulatory Authority (FINRA) or any
national securities exchange that provides a
forum for the arbitration of disputes, provided
that Schwab is a member of such national
securities exchange at the time the arbitration
is initiated. Any party may initiate arbitration
by filing a written claim with FINRA or such
eligible national securities exchange. If
arbitration before FINRA or an eligible national
securities exchange is unavailable or
impossible for any reason, then such
arbitration will be conducted by, and
according to the rules and regulations then in
effect of, the American Arbitration Association
(AAA). If arbitration before the AAA is
unavailable or impossible for any reason, the
parties agree to have a court of competent
jurisdiction appoint three (3) arbitrators to
resolve any and all disputes or controversies
between or among the parties. Each party
shall bear its own initial arbitration costs,
which are determined by the rules and
regulations of the arbitration forum. In the
event of financial hardship, the arbitration
forum may waive certain costs in accordance
with such rules. At the conclusion of the
hearing, the arbitrators will decide how to
assess the costs of the arbitration among the
parties.
Any award the arbitrator makes shall be final
and binding, and judgment on it may be
entered in any court having jurisdiction. This
arbitration agreement shall be enforced and
interpreted exclusively in accordance with
applicable federal laws of the United States,
including the Federal Arbitration Act. Any
costs, fees or taxes involved in enforcing the
award shall be fully assessed against and paid
by the party resisting enforcement of said
award.
For FINRA arbitrations, FINRA will appoint a
single public arbitrator in customer cases
decided by one arbitrator. In customer cases
decided by three arbitrators, investors have
the option of choosing an arbitration panel
with two public arbitrators and one non-public
arbitrator (Majority-Public Panel Rule) or a
panel of all public arbitrators (Optional All-
Public Panel Rule). If the customer declines to
elect a panel selection method in writing by
the applicable deadline, the Majority-Public
Panel Rule for selecting arbitrators will apply.
All notices from one party to the other
involving arbitration shall be considered to
have been fully given when so served, mailed
by first-class, certified or registered mail, or
otherwise given by other commercially
accepted medium of written notification.
In addition to the above provisions, if a party
to this Agreement is or becomes a non-U.S.
resident at the time of any controversy
subject to this arbitration agreement, such
party acknowledges and agrees to the
following additional provisions:
(1) The rules of the organization administering
the arbitration specifically provide for the
formal designation of the place at which
the arbitration is to be held.
(2) Entering into this Agreement constitutes
consent to submit to the personal
jurisdiction of the courts of the state of
California, U.S.A., to interpret or enforce
any or all of these arbitration provisions.
Judgment on any arbitration award may be
entered in any court having jurisdiction, or
application may be made to such court for
judicial acceptance of the award and an
order of enforcement, as the case may be.
(3) The exclusive language to be used by the
parties and the arbitrators in the
arbitration proceedings shall be English.
Any party wishing an interpreter shall
make all arrangements directly with the
interpreter and shall assume all costs of
the service.
(4) If a party is a foreign government or state,
state-owned or state-operated enterprise
or other instrumentality of a foreign
government or state, such party waives all
rights of sovereign immunity and neither
the Federal Act of State doctrine nor the
doctrine of sovereign immunity shall apply
insofar as any enforcement in courts
located in the U.S.A. is concerned.
Section 12: Electronic Copies.
The electronically stored copy of your (or your
agent’s) signature, any written instructions or
authorizations, the Account Application and the
Agreement and Disclosures is considered to be
the true, complete, valid, authentic and
enforceable record, admissible in judicial,
administrative or arbitration proceedings to the
same extent as if the documents and records
were originally generated and maintained in
printed form. You agree to not contest the
admissibility or enforceability of Schwab’s
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
Individual 401(k) Account Application Agreement - Client Copy
Page 3 of 3
electronically stored copy of such documents in
any proceeding between you and Schwab.
Section 13: Float.
You agree that Schwab will retain as
compensation for services your Account’s
proportionate share of any interest earned on
aggregate cash balances held in Schwab’s
bank account with respect to (1) assets
awaiting investment or (2) assets pending
distribution from your Account. Such interest
retained by Schwab shall generally be at
money market rates. Schwab’s receipt of such
compensation is further described in the
Agreement and Disclosures.
Section 14: Unclaimed Property.
If no activity occurs in the Account within the
time period specified by applicable state law,
the Account may be transferred to the
appropriate state.
Section 15: Information About SIPC.
To obtain information about Securities Investor
Protection Corporation (SIPC), including an
explanatory SIPC brochure, please contact
SIPC at www.sipc.org
or 1-202-371-8300.
Section 16: Impartial Lottery for Securities
Subject to Partial Call or Partial Redemption.
If Schwab holds securities for you in street
name, in Schwab’s name, or in bearer form that
are subject to partial call or partial redemption,
then in the case of a partial call or partial
redemption Schwab will use an impartial lottery
system to select the securities to be called or
redeemed from among accounts holding those
securities. For a description of Schwab’s lottery
system, please visit www.schwab.com/
PartialCalls. If you would like a printed
description of Schwab’s lottery system mailed
to you, please contact a Schwab representative
at 1-800-435-4000.
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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3971500 (0118-7F68) REG91285-03 (03/20)
Cash Features Program
General Terms and Conditions
Page 1 of 2
The automatic investment of your free credit balance, including the frequency and the amount of each sweep, is
governed by the terms and conditions set forth in the Cash Features Disclosure Statement and in the Account
Agreement applicable to your account. The material in this document is intended for informational purposes only. If
there is any conflict between the descriptions in this document and the terms of the Cash Features Disclosure
Statement, the Cash Features Disclosure Statement will control.
How the Cash
Features Program
Works
Schwab’s Cash Features Program is the service (described in the Cash Features Disclosure
Statement) that we provide to automatically invest, or “sweep,” the free credit balance in your
account into a liquid investment to earn interest. The program permits you to earn income
while you decide how those funds should be invested longer term.
Available Cash
Feature
The available cash features currently consist of:
• The free credit balance in your eligible account (the “Schwab One
®
Interest feature”), on
which Schwab pays interest;
• Interest-bearing deposit accounts at one or more of our affiliated banks (the “Bank Sweep
feature” for most accounts and the “Bank Sweep for Benefit Plans feature” for retirement
plan accounts); and
• For some accounts, one or more affiliated money market mutual funds (the “Money Fund
Sweep feature”).
Eligibility Eligibility for each cash feature is based on the registered ownership and the type of account.
Not all account registrations and account types will be eligible for all cash features. Some
account registrations and account types will be eligible for only one cash feature. Please see
your Account Application and the Cash Features Disclosure Statement for more complete
eligibility details.
Duty to Monitor
Eligibility for Cash
Features
It is your responsibility to monitor your eligibility for the cash features and determine the best
cash feature available to you. Schwab is not responsible for contacting you if you are, or later
become, eligible for other higher-yielding cash features.
Interest Rates and
Yields
The interest rates and yields for the different cash features vary over time. There is no
guarantee that the interest rate and yield on any particular cash feature will be or will remain
higher than the interest rate and yield on any other cash features over any period. Current
interest rates and yields can be obtained by contacting your independent investment advisor
or your Financial Consultant, or by calling us at 1-800-435-4000. If you already have an
account, you can visit our website at www.schwab.com/sweep. If your account is an Advisor
Services account, please contact your advisor, visit www.schwab.com/SA_sweep, or call
Schwab Alliance at 1-800-515-2157.
• The interest rate on the Schwab One Interest feature is set by Schwab. We have the option
to pay as low a rate as possible consistent with our views of competitive necessities. With
certain exceptions, the rate will be tiered based upon the overall free credit balance within
your account.
• The interest rate on the Bank Sweep feature is set by our affiliated bank(s), which also has
the option to pay as low a rate as possible consistent with their views of competitive
necessities. Retirement accounts will be paid a reasonable rate consistent with applicable
legal and regulatory requirements. With certain exceptions, the rate will be tiered based
upon your account type and the combined amount of your account’s Bank Sweep deposits at
our affiliated bank(s).
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3971500 (0118-7F68) REG91285-03 (03/20)
APP30718-19
Page 2 of 2Cash Features Program General Terms and Conditions
Interest Rates and
Yields
(Continued)
• The interest rate on the Bank Sweep for Benefit Plans feature is set by our affiliated bank(s),
which intend to pay interest consistent with reasonable rate provisions of applicable legal
and regulatory requirements. This can be lower than some competitors’ rates. Interest rates
do not vary by tiers and do not vary based on your cash balances.
• Money market mutual funds offered through the Money Fund Sweep feature seek to achieve
the highest yield (less fees and expenses) consistent with prudence and their investment
objectives.
Cash features are not intended to be long-term investments, and yields on any of our cash
features can be lower than those of similar investments or deposit accounts offered outside
the Cash Features Program. If you desire to maintain cash balances for other than a short-
term period and/or are seeking the highest yields currently available in the market, please
contact your Schwab representative or visit www.schwab.com/cash for investment options
that may be available outside of the Cash Features Program to help maximize your return
potential consistent with your investment objectives and risk tolerance. If your account is an
Advisor Services account, please contact your advisor, visit www.schwab.com/SA_cash, or
call Schwab Alliance at 1-800-515-2157.
Benefits to Schwab We charge fees and receive certain benefits under the different cash features. We share a
portion of these fees and benefits with our investment professionals. Because of these fees
and benefits, we have a financial incentive to select the particular cash features included in
the Cash Features Program.
Differing Risks and
Account Protection
The different cash features are subject to different risks and account protection:
• The Schwab One
®
Interest feature is not subject to market risk and value loss but is subject
to the risk of Schwab’s failure. In the unlikely event that Schwab fails, cash is eligible for
SIPC coverage up to a limit of $250,000 (including principal and interest) per client in each
insurable capacity (e.g., individual or joint). Free credit balances held at Schwab are not
insured or guaranteed by the FDIC.
• The Bank Sweep and Bank Sweep for Benefit Plans features are not subject to market risk
and value loss but are subject to the risk of the failure of one or more of our affiliated banks.
In the unlikely event that one or more of our affiliated banks fails, deposits at each bank are
eligible for FDIC insurance protection up to a limit of $250,000 (including principal and
interest) per depositor in each insurable capacity (e.g., individual, joint, and plan participant).
This limit includes any other deposits you may have at that bank outside of the Bank Sweep
and Bank Sweep for Benefit Plans features. You are responsible for monitoring your bank
balances in the Bank Sweep and Bank Sweep for Benefit Plans features and the balances
in any of your other bank accounts at each affiliated bank to determine if these, in total,
exceed FDIC insurance limits. Monies held in both features are not covered by SIPC.
• Money market mutual funds in the Money Fund Sweep feature invest in high-quality, short-
term securities and seek to maintain a stable value, but are subject to market risks and
potential value loss. They are not bank accounts and are not subject to FDIC insurance
protection. They are instead covered by SIPC, which protects against the custodial risk (and
not a decline in market value) when a brokerage firm fails by replacing missing securities and
cash up to a limit of $500,000, of which $250,000 may be cash. Shares held through the
Money Fund Sweep feature are not considered cash, but are treated as securities for SIPC
coverage.
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP30718-19 (06/20)
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