Mutual Funds

Mutual Fund Selection benefits include:

• No mutual fund loads or transaction fees. An annual fee of $24.00 is deducted from the investment account balance.
  

• Integrated, online access to investment account history, balance information, contribution election, trades and much more all through HSA Bank’s Internet Banking system.
  

• Access to Morningstar and other planning tools.

 

A pre-selected suite of mutual funds covering a range of fund families and asset classes is available. Choose from the following Mutual Fund Selection options.

Investment Asset Class

Large Cap Value	International
Large Cap Blend	Index Fund
Large Cap Growth	Fixed Income
Mid Cap Growth	Lifestyle
Small Cap Growth	Money Market

Click here for available Mutual Fund Options.

Open a Mutual Fund Selection Investment Account

To open a Mutual Fund Selection investment account you must be signed up for Internet Banking sign up.

1. Log in to Internet Banking -Internet Banking log in.
2. Point to “Accounts” in the top navigation bar and select “Investments”.
3. Click the “Investment Options” button at the bottom of the page.
4. Under Mutual Fund Selection, click “Mutual Fund Enrollment”.
5. Check the box to agree to the terms and conditions of the Mutual Fund and click “Enroll”.

Next, you will receive an email with your Personal Identification Number (PIN) which is needed to sign in to your Mutual Fund Selection investment account. In one to two business days, you will receive an additional email providing information for accessing your Mutual Fund Selection investment account.

Transfer & Allocate Funds

To ensure accurate IRS reporting, send all HSA contributions through HSA Bank before transferring funds to your investment account. To transfer funds to your Mutual Fund Selection Investment Account, log in to Internet Banking or contact the Client Assistance Center. Note that transfers generally take two business days to clear if transferred before 2 p.m. CT.

Note: If you HSA account balance falls below $3,000 as a result of a transfer to an investment account, you may incur monthly maintenance fees.

Transfer Via Internet Banking

1. Log in to Internet Banking
2. Point to “Accounts” in the top navigation bar, scroll to “Investments”
3. Select either “Transfer to Investments” or “Transfer from Investments”, click “Next”
4. Review the transfer details and enter the last four digits of your social security number, then select “Confirm”
5. An email will provide you with the details of the scheduled transfer

Transfer Via Client Assistance Center

Return Funds to Your HSA

Investment funds can be returned to your HSA as needed. To return your funds, sell the amount of shares equal to the amount of funds you would like to return to your HSA. Log in to Internet Banking or contact the Client Assistance Center to transfer the funds. Note that funds will be available in your HSA within two business days.

Disclosures
Self-directed investment accounts are the sole responsibility of the accountholder. Carefully weigh the advantages and disadvantages of investing your HSA funds before doing so.

Investment accounts are not FDIC insured, bank guaranteed or guaranteed by any federal government agency. Investments may lose value and are not deposits. HSA Bank does not provide investment advice.

In selecting and classifying the above group of mutual funds, HSA Bank's investment advisor, Devenir, does not intend to provide any personalized investment advice in connection with this program. Devenir is not making a recommendation to individual health savings account holders (“you”) that any of the mutual fund investment options are, or would be a suitable or appropriate investment for you. That decision is yours.

Before you invest in any particular mutual fund, you should carefully review the fund’s prospectus and consider its objectives, associated risks and any other fees or expenses that may apply. Investing entails the risk of loss of principal. You can find a fund's prospectus by logging into your Mutual Fund Selection investment account through HSA Bank’s Internet Banking system and selecting the mutual fund of choice. You can also call the fund’s toll free number to request a prospectus.

Morningstar® is a registered trademark of Morningstar, Inc

• Provide the representative with your HSA number, brokerage account number and the amount of money you would like to transfer.

• HSA Bank will process the transfer. Please wait two business days for the transfer to clear.

• Log in to Internet Banking to choose from the variety of funds offered and allocate your funds. Funds not allocated will default to the money market fund.