Page 31 - Empowered Learning for Dyslexic Children Benefits Guide 2022-2023

Schwab self-directed brokerage Note: Mutual funds invested as part of the basic
investment account investment account are not subject to an initial
sales charge.
When your account balance exceeds $10,000,
you can open a Schwab self-directed brokerage Redemption fees
investment account. This account gives you access Some mutual funds may impose redemption fees
to more than 2,500 mutual funds from a variety of up to two percent of the redemption process to
fund families, as well as stocks, bonds and other discourage short-term trading. If a redemption fee
investments. You also have access to planning tools is charged, it’s paid to the fund and intended to
to help you manage and analyze your investments. offset portfolio transaction costs, market impacts
and other costs associated with short-term trading.
Account Annual Account
Type Available Funds Service Fee 12b-1 fees

Self- When the basic An additional Mutual funds available through Schwab’s Mutual
Directed investment $18 per year, this Fund OneSource Service may charge 12b-1 fees
Brokerage account exceeds fee is paid out of (this is included in the fund’s prospectus).
Investment $10,000, you have the Self-Directed
Account the option to Brokerage A 12b-1 fee is a fee that a mutual fund company
invest the amount Investment pays from fund assets to cover administrative
over this threshold Account.
in a wider range services such as record keeping and shareholder
of mutual funds, services. It also compensates those who distribute
as well as stocks, the fund’s shares.
bonds and other
investments. Schwab mutual fund fees

Annual fee Schwab receives payments from the mutual fund
There is an annual investment account service fee companies participating in Schwab’s Mutual Fund
of $18 if you elect the basic investment account OneSource Service for record keeping, shareholder
or the brokerage investment account. This fee, services and other administrative services.
deducted from your investment account, is only Plan expense payments
deducted when your investment account has a Plan expense payments are used to offset
balance. This fee is not cumulative. If you have both investment account expenses for custodial and
types of investment accounts, you will only pay one investment advisory services. Schwab may make
$18 fee. plan expense payments to the record keeper for
Schwab Self-Directed Brokerage Investment the investment accounts, administrative and record
Account fees keeping services.

■ The Schwab standard brokerage commission CareFirst receives none of the monthly investment
schedule applies to all account transactions. account services fees, plan expense payments or
investment account transfer fees.
■ Applicable commissions and execution
fees are deducted from the investment How do I open a Basic Investment
account balance. Account or a Charles Schwab

■ Account holders pay standard transaction Brokerage Investment Account?
fees for trades made through their account. Both can be opened online:
■ Short-term redemption fees may apply for
fund units sold within the timeframe listed 1. Log in to your BlueFund HSA
in the fund’s prospectus. Refer to the fund at carefirst.com/myaccount. See page 5
prospectus to determine if redemption for instructions.
fees apply. 2. Access the Investments section located on the
left-hand menu.
Mutual fund fees and charges
Before you invest in a mutual fund, be sure to 3. Choose the type of investment account and
read the fund’s prospectus carefully. It contains follow the setup prompts.
information such as management fees, charges
and expenses.

9 ■ Health Savings Account (HSA) Member Guide