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).

Devenir’s quarterly credit union HSA update finds over $1.76 billion in HSA deposits were held in credit unions as of 12/31/2019.

Findings from the 2019 Year-End Devenir HSA Research Report containing health savings account (HSA) market statistics as of December 31^st, 2019.

Devenir, a national leader in providing investment solutions for health savings accounts (HSAs), released today the results of its 19th semi-annual health savings account survey and resulting research report. Devenir found that the number of HSAs has grown to now exceed 28 million, holding an estimated $65.9 billion in assets at the end of 2019.

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.