Schwab Facilitates Outsourcing of Stock Plan Administration Functions

July 30, 2009 ( - Charles Schwab has introduced a new Co-Sourced Stock Plan Administration offer for corporate stock plan administrators seeking to outsource specific functions.

According to a press release, the new offer enables administrators to shift the management of certain plan functions to Schwab, including core plan recordkeeping and reconciliation of stock plan activity; report generation, scheduling and distribution; and plan participant statements and confirmations.

The announcement said Schwab Co-Sourced Stock Plan Administration can include a number of services, Web-based tools, and consultative guidance, including:

  • Support for some or all aspects of stock plan administration, as well as various grant types including stock options, restricted stock, performance shares, stock appreciation rights and Employee Stock Purchase Plans (ESPPs);
  • Automated interface with Schwab’s plan participant Web site, eliminating the need for daily file uploads and downloads;
  • Dedicated resources to support the design, creation and delivery of custom employee communication and education;
  • End-user training on Schwab EquiView, Schwab’s proprietary hosted Web-based stock plan recordkeeping system; and
  • An integrated online FAS 123(R) Solution that delivers all aspects of equity valuation, expensing and reporting.

Specific reporting tools and capabilities available to plan administrators through Co-Sourced Stock Plan Administration include:

  • Daily plan activity reports including transactions, cancellations and grants;
  • SEC Proxy and FAS 123(R) reports; and
  • Automated quarterly participant statements mailed to participants including all equity grants and ESPP share balances and activity.

More information is available at .