Winners Include 'Best of Show' for AAA Cooper Transportation and Gold for
Bloomberg L.P.
SAN FRANCISCO, Oct. 17 /PRNewswire-FirstCall/ -- Clients of Charles
Schwab earned a total of 20 awards in the Profit Sharing/401(k) Council of
America (PSCA) 2007 Signature Awards program -- five times more than any
other provider's clients. The awards, which honor excellence in retirement
plan communication and investment education, were announced September 25 at
the PSCA annual conference in Palm Springs, CA. For three years running,
Schwab's clients have earned more participant education Signature Awards
than any other provider's clients.
AAA Cooper Transportation, a family-owned regional trucking firm, won
the "Best of Show" award in the Large Company category, recognizing the
company's success in developing a retirement plan communications program
called "Traveling Down the Road to Retirement" that reached a large and
diverse workforce across 81 locations. As a result of the communications
campaign, AAA Cooper Transportation's plan participation rose to 82
percent, and the average deferral rate increased from 4.5 percent to 6.2
percent. AAA Cooper also won a gold specifically for its success increasing
employee deferral rates in the Large Company category.
Bloomberg L.P., the global data, news and analytics company, won a gold
in the Roth 401(k) category for its success communicating a new Roth 401(k)
contribution option to employees. The company employed a variety of
strategies to reach staff members, including an explanatory brochure and
Podcasts, webcasts and live meetings via Bloomberg Satellite to reach
participants in more than 50 locations. The campaign resulted in a 10
percent Roth 401(k) usage rate.
"We know how important financial fitness is to our clients and their
employees, and we have made a concerted effort over the past several years
to work with our clients to design and implement retirement plan strategies
and education programs that achieve results," said Jim McCool, executive
vice president, Schwab Corporate & Retirement Services. "Our clients'
tremendous success in this year's Signature Awards is a testament to the
great work they are doing to educate employees and drive increased
participation in plans, and we are proud to be able to support them in that
success."
Also as part of the 2007 Signature Awards, Schwab itself was recognized
with a bronze award for effective communication to plan sponsors through
its eSource monthly electronic newsletter for plan sponsors. eSource
combines current plan information with more in-depth analysis on a variety
of plan topics, such as guidance on the Pension Protection Act and
developments in automatic plan tools.
The complete list of Schwab client winners includes:
-- AAA Cooper Transportation, Best of Show -- Large Company
-- AAA Cooper Transportation, Complete Campaign -- Large Company (Gold)
-- AAA Cooper Transportation, Increasing Deferrals -- Large Company (Gold)
-- Ball Horticultural Company, Asset Allocation -- Small Company (Gold)
-- Ball Horticultural Company, Increasing Participation -- Small Company
(Gold)
-- Ball Horticultural Company, Complete Campaign -- Small Company (Gold)
-- Ball Horticultural Company, Language and Cultural Diversity (Silver)
-- Bloomberg L.P., Roth 401(k) (Gold)
-- Jack in the Box Inc., Train-the-Trainer/Advocacy Programs (Silver)
-- JELD-WEN, Inc., Plan Design Changes (Gold)
-- Monster Worldwide, Increasing Participation -- Small Company (Bronze)
-- RR Donnelley, Plan Conversion -- Large Company (Silver)
-- RR Donnelley, Asset Allocation -- Large Company (Bronze)
-- Savage, Plan Conversion -- Small Company (Honorable Mention)
-- Sovereign Bancorp, Inc., Increasing Deferrals -- Large Company (Silver)
-- Sovereign Bancorp, Inc., 401(k) Day (Bronze)
-- Sovereign Bancorp, Inc., Increasing Participation -- Large Company
(Bronze)
-- Williams-Sonoma, Increasing Participation -- Large Company (Gold)
-- Williams-Sonoma, Train-the-Trainer/Advocacy Programs (Gold)
-- Williams-Sonoma, Complete Campaign -- Large Company (Bronze)
About Schwab Corporate & Retirement Services
Schwab Corporate & Retirement Services, a division of Charles Schwab &
Co., Inc., provides broad range of investing services through the
workplace, including employer-sponsored retirement plans direct to
corporations or through a nationwide network of more than 300 retirement
Third Party Administrators (TPAs). The division also offers the Schwab
Personal Choice Retirement Account(R) and provides employee equity
compensation plan services and corporate brokerage services, in addition to
a range of recordkeeping, custodial and trustee services, which are
available through The Charles Schwab Trust Company. Schwab Corporate &
Retirement Services also includes Charles Schwab Clearing Services (CSCS),
which provides mutual fund trading, settlement, and related clearing
services to a small number of banks, brokerage firms and trust companies.
As of September 30, 2007, assets held in Schwab Corporate & Retirement
Services stood at $235.2 billion.
About Charles Schwab
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 306 offices and 6.9 million client
brokerage accounts, 1.2 million corporate retirement plan participants,
212,000 banking accounts, and $1.4 trillion in client assets. Through its
operating subsidiaries, the company provides a full range of securities
brokerage, banking, money management and financial advisory services to
individual investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and products
including an extensive selection of mutual funds; financial planning and
investment advice; retirement plan and equity compensation plan services;
referrals to independent fee-based investment advisors; and custodial,
operational and trading support for independent, fee-based investment
advisors through its Schwab Institutional division. The Charles Schwab
Bank, N.A. (member FDIC) provides banking and mortgage services and
products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org) is an
electronic trading technology and brokerage firm providing services to
highly active, online traders. More information is available at
http://www.schwab.com. (1007-7579)
SOURCE Charles Schwab
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Related links:
http://www.schwab.com
http://www.sipc.org
CONTACT:
Michael Cianfrocca of Charles Schwab,
+1-415-667-3252, michael.cianfrocca@schwab.com
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