Schwab Presents Stock Plan RK Tool

June 16, 2003 ( - Plan sponsors with a company stock plan have a new online plan administration product to consider from Charles Schwab Corporate Services.

According to an announcement, the Web-based StockPlanManager, provides secure access to employee demographic, grant and exercise information and allows the rapid transfer of data to and from Schwab. For example, an administrator could use the system to immediately suspend trading for a terminated employee or generate a report on demand to help reconcile accounts.

StockPlanManager enables administrators to:

  • a ccess and view stock plan data in real time
  • tailor access privileges for administrative personnel based on job type, location, or group
  • generate real-time reports online rather than via batch or end-of-day report requests
  • input data and make changes that update the database for all users
  • set blackout periods forindividuals.