If you decide that a PCRA account is the right choice for you, you must complete and sign the Memorandum of Understanding. This form is used to open your account with Schwab. The form can be completed via DocuSign or by paper form. The completed and signed form must be returned to Nationwide to establish your PCRA.
About 10 days after you send in your forms, you will receive a Schwab PCRA Welcome Kit containing your PCRA number and other information to help you make more informed investment decisions in your account. Once you receive the Welcome Kit, you will need to visit schwab.com/PCRAopen.
Retirement Plan ID:
457(b): SPP457
401(k): SPP401k
Plan Access Code: Savingsplu
Social Security Number: This is required to confirm your account number is established
You will need to complete a Limited Power of Attorney (LPOA) to give you the authority to place trade orders in your Schwab PCRA account. If you do not wish to establish your LPOA online with Schwab, you may call their customer service line at (888) 393-7272 and they will assist you in completing their necessary paperwork to establish the ability to trade in your PCRA.