Self-Directed Brokerage Account
Charles Schwab Personal Choice Retirement Account®
The PCA Self Directed Brokerage Account is the third broad investments option available within the PCA Retirement Plan. RBI has partnered with Charles Schwab to provide plan participants with a brokerage account called a Personal Choice Retirement Account® (PCRA) that has access to over 7,000 mutual funds. Included in the mix are over 3,000 no load and no transaction fee funds. The PCA Self-Directed Brokerage Account rounds out the spectrum of PCA investments options by providing retirement plan investors with additional flexibility and wide variety of mutual funds.
However, it is important to note that a PCRA is not ideal for all investors. This broad investment option requires a high level of investment expertise. Participants who choose this option are responsible for the overall management of their retirement portfolio. Unlike the PCA Core and PCA Target Funds, the RBI Investment Committee does not select or monitor fund performance for any mutual funds offered within a PCRA. This is the investor’s responsibility. Furthermore, PCRA participants are responsible for compiling research, planning strategy, monitoring performance, and making adjustments. For those willing to take a greater role in managing their retirement portfolio, this option can be an additional tool for retirement planning.
Participants who are interested in investing through the Schwab PCRA should download the frequently asked questions (FAQS) to obtain enrollment instructions and answers to other common questions. Participants must fully complete the online enrollment process including all acknowledgements, permissions and Plan compliance forms. After you open a PCRA account, you gain access through www.schwab.com to Charles Schwab mutual fund research, advanced fund screening tools, and market commentary from industry professionals.
Use these PDF links to view a general overview of PCRA or to view a copy of the retirement plan brochure and enrollment form (on page 24).
Schwab PCRA Customer Service may be reached at 888-393-PCRA (7272) regarding the Schwab site and related content. PCA RBI Client Service Associates are available at 800-789-8765 to walk you through the enrollment and transfer process.