Research

HSA Investments: Mutual Fund vs. Self-Directed Brokerage Account Holders

April 2, 2020 Research
HSA investments have grown rapidly in recent years, reaching 24% of total assets and over 1.2 million (4%) accounts as of 12/31/2019. The average investment balance for investment account holders has grown to $12,695 in 2019, from roughly $5,000 in 2011. When it comes to investing, HSA account holders generally have the option to choose from a list of pre-selected mutual funds, however, some HSAs allow for investment in a linked self-directed brokerage (SDB) option (allowing investment in individual securities).
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4 Factors Impacting HSA Menu Size Decisions

February 10, 2020 Research
An important aspect of the menu design process is sizing the menu to optimize the availability of core asset classes while also limiting excessive overlap or overly risky asset classes that can overwhelm the typical investor. This blog considers four important factors that impact sizing decisions of HSA menus.
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