Some Plans allow the option for you to open a Personal Choice Retirement Account (PCRA) with Charles Schwab Trust Bank. If your Plan allows for PCRA's, setting up an account is quick an easy! For instructions, simply login to your account at Jocelyn Pension Consulting. From the participant dashboard, select the Forms & Reports menu and then Annual Notices, Forms & Fee Disclosures.
PCRA Login Instructions will be located under the Participant Forms menu.
To open your PCRA, go the Schwab PCRA website. On the Login page, enter the Retirement Plan Id and Plan Access Code listed in the PCRA Login Instructions for your Plan. Enter your Social Security Number and then select Submit.
Once you have logged in, click on Open new PCRA and follow the instructions.
For technical support with the website, or if you have other account with Schwab you would like to link with your new PCRA, please call Schwab at 888-393-7272.
Please allow 2-3 business days after you have opened the account for Jocelyn Pension Consulting to receive and process your request. Once completed you will be able to transfer funds into your PCRA account on the Jocelyn Pension Consulting website.
Important information to know about PCRAs:
- PCRA funds will take an additional day to trade because it is a two-step process at Schwab, versus normal one-day trading that occurs with non-PCRA funds from the Plan’s core menu of choices.
- If you decide to transfer money out of your PCRA for any reason (such as a transfer into a non-PCRA fund in the Plan, or a loan, or a distribution upon termination of employment) you will first need to liquidate your PCRA holdings so that the necessary funds are available in cash or money market. As the Plan Recordkeeper, we do not have the authority to make trades on behalf of participants in brokerage accounts/PCRAs. For assistance on liquidating your account, contact Schwab at 888-393-7272.