Saturna Capital Expands Employer Health Savings Account (HSA) Offerings
Saturna’s employer HSA was designed to help employees overcome one of the most common hurdles to maximizing the benefit: moving contributions to the investment account. After each payroll deferral, most plans require employees to initiate a request to transfer money from their HSA Spending Account into their HSA Investment Account – a manual step that employees rarely take. In fact, as recently as 2022, only 13 percent of accountholders actually invested their HSA assets.1
Saturna’s HSA eliminates that barrier with an option to automate transfers into the Investment Account.
The plan also reduces the educational burden for employers and employees alike by allowing companies to mimic the funds used in the organization’s 401(k) plan.
“Most employers take for granted that with 401(k) plans, employee deferrals can go directly into the mutual funds of their choice – but they do not realize that their HSA plan can offer the same flexibility,” said Jane Carten, President of Saturna Capital. “We made this a priority when we built our new employer HSA plan, ensuring that employees can more easily use and understand their HSA benefit.”
Saturna teamed up with banking partner UMB Financial Corporation (NASDAQ:UMBF) for account management and custodial services. The collaboration with UMB allows Saturna to offer features including FDIC-insured bank accounts, associated debit cards, and
To learn more about Saturna Capital’s HSAs, visit our HSA page.
About Saturna Capital Corporation
“Active investing to reflect your values”
Saturna Capital Corporation, established in 1989 in
__________________________
1 Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics: Evidence From the EBRI HSA Database
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808485656/en/
Alex DeBlois
adeblois@longviewstrategies.com
Source: Saturna Capital Corporation