This tool helps employers provide their participants an annual illustration of how their current savings in a qualified retirement plan
might translate into lifetime monthly payments.
If your plan is subject to the Employee Retirement Income Security Act (ERISA), you will need to provide an annuity illustration that
conforms to Department of Labor (DOL) guidance on the Setting Every Community Up for Retirement Enhancement (SECURE) Act provision,
specifically the Interim Final Rule on Lifetime Income Illustrations.
Charles Schwab & Co., Inc., and Convergent Retirement Plan Solutions, LLC are separate and unaffiliated firms. Neither is responsible for the services or policies of the other.
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The Assumption & Explanation links below provide details on how the monthly payment illustration(s) are calculated as if the
payments begin on the last day of the statement period. They must assume that a participant is age 67 on the assumed
commencement, which is the Social Security full retirement age for most workers, or use the participant’s actual age,
if older than 67.
Content added in the fields below will be included on your generated statement(s).
Name
Month/Year of Birth
Year-End Balance
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The assumptions provided by this tool are for illustrative purposes only and in no way guarantee or promise any actual return or payment amount. Information provided is not intended to substitute professional tax, legal or investment advice. Consult with your tax advisor for details specific to your personal situation.
Charles Schwab & Co., Inc., and Convergent Retirement Plan Solutions, LLC are separate and unaffiliated firms. Neither is responsible for the services or policies of the other.
0921-1GB8
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