We are excited for the opportunity to serve you. Below are important details regarding the transition of your investments from BenefitWallet to HealthEquity.1
If you hold mutual funds in your BenefitWallet HSA investment account, it is anticipated that your mutual fund balances will transfer in-kind to HealthEquity, except for the Fidelity Money Market Government Portfolio (FRGXX).
In order to facilitate the in-kind transfer of mutual funds, there will be a period during which you will not be able to make any changes to your BenefitWallet HSA investments. This period is called an investment “blackout period” and is described below.
Transferred investment funds will be divided into three categories:
Available Funds.The HealthEquity HSA investment platform offers a lineup of 31 low-cost, diversified Vanguard mutual funds that will be available for new investment at HealthEquity. Amounts invested in these funds are expected to transfer in-kind to HealthEquity and remain available under the HealthEquity platform.
| Fund Name | Fund Ticker |
Fund Category |
|---|---|---|
| VANGUARD EMERGING MKTS STOCK IDX INSTL | VEMIX | Available |
| VANGUARD EXTENDED MARKET INDEX INSTLPLUS | VEMPX | Available |
| VANGUARD FTSE SOCIAL INDEX ADMIRAL | VFTAX | Available |
| VANGUARD GROWTH INDEX INSTITUTIONAL | VIGIX | Available |
| VANGUARD INFLATION-PROTECTED SECS I | VIPIX | Available |
| VANGUARD INST INDEX INSTL PLUS | VIIIX | Available |
| VANGUARD MATERIALS INDEX ADMIRAL | VMIAX | Available |
| VANGUARD MID CAP INDEX ADMIRAL | VIMAX | Available |
| VANGUARD MID-CAP VALUE INDEX ADMIRAL | VMVAX | Available |
| VANGUARD REAL ESTATE INDEX INSTITUTIONAL | VGSNX | Available |
| VANGUARD SHORT-TERM BOND INDEX ADM | VBIRX | Available |
| VANGUARD SHRT-TERM INFL-PROT SEC IDX ADM | VTAPX | Available |
| VANGUARD SMALL CAP INDEX ADM | VSMAX | Available |
| VANGUARD SMALL CAP VALUE INDEX ADMIRAL | VSIAX | Available |
| VANGUARD TARGET RETIREMENT 2020 FUND | VTWNX | Available |
| VANGUARD TARGET RETIREMENT 2025 FUND | VTTVX | Available |
| VANGUARD TARGET RETIREMENT 2030 FUND | VTHRX | Available |
| VANGUARD TARGET RETIREMENT 2035 FUND | VTTHX | Available |
| VANGUARD TARGET RETIREMENT 2040 FUND | VFORX | Available |
| VANGUARD TARGET RETIREMENT 2045 FUND | VTIVX | Available |
| VANGUARD TARGET RETIREMENT 2050 FUND | VFIFX | Available |
| VANGUARD TARGET RETIREMENT 2055 FUND | VFFVX | Available |
| VANGUARD TARGET RETIREMENT 2060 FUND | VTTSX | Available |
| VANGUARD TARGET RETIREMENT 2065 FUND | VLXVX | Available |
| VANGUARD TARGET RETIREMENT INCOME FUND | VTINX | Available |
| VANGUARD TOTAL BOND MARKET IDX INSTLPLS | VBMPX | Available |
| VANGUARD TOTAL INTL BD IDX ADMIRAL | VTABX | Available |
| VANGUARD TOTAL INTL STOCK IDX INSTLPLS | VTPSX | Available |
| VANGUARD ULTRA-SHORT-TERM BOND ADMIRAL | VUSFX | Available |
| VANGUARD VALUE INDEX ADM | VVIAX | Available |
| VANGUARD WELLESLEY INCOME ADMIRAL | VWIAX | Available |
Freezing Funds. These mutual funds are expected to transfer in-kind to HealthEquity but will be closed to new investment. This means that you will not be able to invest new amounts in these funds after the blackout period starts, but amounts you invest in these funds before the blackout period will not be affected by the transfer to HealthEquity. You will be allowed to hold your investment in these funds or sell at any time after the blackout period ends.
| Fund Name | Fund Ticker |
Fund Category |
|---|---|---|
| ABRDN EMERGING MARKETS A | GEGAX | Freezing |
| AMERICAN CENTURY HERITAGE I | ATHIX | Freezing |
| AMERICAN CENTURY STRAT ALLC: AGRSV I | AAAIX | Freezing |
| AMERICAN FUNDS CNSRV GR & INC F-3 | INPDX | Freezing |
| AMERICAN FUNDS EUROPACIFIC GROWTH F1 | AEGFX | Freezing |
| AMERICAN FUNDS GROWTH AND INC PORT F3 | GAIHX | Freezing |
| AMERICAN FUNDS MODERATE GR & INC F-3 | BLPDX | Freezing |
| AMERICAN FUNDS NEW ECONOMY F2 | NEFFX | Freezing |
| BNY MELLON APPRECIATION INVESTOR | DGAGX | Freezing |
| BNY MELLON DYNAMIC VALUE FUND A | DAGVX | Freezing |
| CALVERT INCOME A | CFICX | Freezing |
| CALVERT SHORT DURATION INCOME I | CDSIX | Freezing |
| COLUMBIA TOTAL RETURN BOND A | LIBAX | Freezing |
| DELAWARE IVY ASSET STRATEGY FUND CL I | IVAEX | Freezing |
| DELAWARE IVY HIGH INCOME FUND CLASS I | IVHIX | Freezing |
| DODGE & COX INCOME I | DODIX | Freezing |
| FIDELITY ADVISOR FREEDOM 2020 M | FDTFX | Freezing |
| FIDELITY ADVISOR FREEDOM 2030 M | FTFEX | Freezing |
| FIDELITY ADVISOR HIGH INCOME ADVTG M | FAHYX | Freezing |
| FIDELITY ADVISOR SMALL CAP I | FSCIX | Freezing |
| FRANKLIN MUTUAL GLOBAL DISC FD Z | MDISX | Freezing |
| GABELLI ASSET FUND CL I | GABIX | Freezing |
| GOLDMAN SACHS SHORT DUR GOVT INSTL | GSTGX | Freezing |
| GOLDMAN SACHS SMALL CAP EQ INSGHTS INSTL | GCSIX | Freezing |
| INVESCO DEVELOPING MARKETS R6 | ODVIX | Freezing |
| JHANCOCK DISCIPLINED VALUE MID CAP A | JVMAX | Freezing |
| JHANCOCK HIGH YIELD A | JHHBX | Freezing |
| LAZARD EMRG MKTS EQTY PORT OPEN SHARE | LZOEX | Freezing |
| MFS AGGRESSIVE GROWTH ALLOCATION I | MIAGX | Freezing |
| MFS CONSERVATIVE ALLOCATION CL I | MACIX | Freezing |
| MFS INTERNATIONAL INTRINSIC VALUE I | MINIX | Freezing |
| MFS MODERATE ALLOCATION I | MMAIX | Freezing |
| NUVEEN DIVIDEND VALUE A | FFEIX | Freezing |
| NUVEEN MID CAP GROWTH OPPS A | FRSLX | Freezing |
| NUVEEN SMALL CAP GROWTH OPP A | FRMPX | Freezing |
| NUVEEN SMALL CAP VALUE A | FSCAX | Freezing |
| NUVEEN WINSLOW LARGE-CAP GROWTH ESG A | NWCAX | Freezing |
| PEAR TREE POLARIS SMALL CAP ORD | USBNX | Freezing |
| PGIM HIGH YIELD A | PBHAX | Freezing |
| PIMCO INCOME INSTL | PIMIX | Freezing |
| PIMCO INFLATION RESPONSE MULTI ASSET INST | PIRMX | Freezing |
| PIMCO INVESTMENT GRADE CREDIT BOND A | PBDAX | Freezing |
| PIMCO INVESTMENT GRADE CREDIT BOND INSTL | PIGIX | Freezing |
| PIMCO LOW DURATION A | PTLAX | Freezing |
| PIMCO STOCKSPLUS INTL (USD-HEDGED) INST | PISIX | Freezing |
| PIMCO STOCKSPLUS SMALL INSTITUTIONAL | PSCSX | Freezing |
| PRINCIPAL SAM CONS GROWTH CL A | SAGPX | Freezing |
| T ROWE PRICE GLBL REAL ESTATE FD I | TIRGX | Freezing |
| T ROWE PRICE US LARGE CAP CORE FD I | RCLIX | Freezing |
| TEMPLETON GLOBAL BOND ADV | TGBAX | Freezing |
| TIAA CREF LIFECYCLE AGGR GWTH FD RETAIL | TSALX | Freezing |
| TIAA CREF LIFESTYLE CONSERV RETAIL | TSCLX | Freezing |
| TIAA CREF LIFESTYLE GWTH RETAIL | TSGLX | Freezing |
| TIAA CREF LIFESTYLE MOD RETAIL | TSMLX | Freezing |
| TIAA-CREF CORE PLUS BOND RETAIL | TCBPX | Freezing |
| VANGUARD STRATEGIC EQUITY INV | VSEQX | Freezing |
| VANGUARD TOTAL BOND MARKET INDEX ADM | VBTLX | Freezing |
| VANGUARD TOTAL INTL STOCK INDEX ADMIRAL | VTIAX | Freezing |
| VANGUARD TOTAL STOCK MARKET IDX I | VITSX | Freezing |
Liquidating Funds. Any liquidated mutual funds, including the Fidelity® Money Market Government Portfolio (FRGXX) will be liquidated to cash and transferred to HealthEquity with your cash assets. If you have a balance in a liquidating fund when the blackout period begins, that balance will be cashed out and available for reinvestment in Available Funds after the blackout period ends. If you wish to avoid this cash-out, you should transfer your balance from any liquidating funds into Available or Freezing Funds before the blackout period begins.
| Fund Name | Fund Ticker |
Fund Category |
|---|---|---|
| FIDELITY INSTITUTIONAL MONEY MARKET FUNDS GOVERNMENT PORTFOLIO | FRGXX | Liquidating |
For a complete listing of investment funds, please click here. (Current as of January 22, 2024).
An investment “blackout period” will take place prior to the transfer of funds to HealthEquity. Before the blackout period begins, you may move amounts into any of the Available Funds or Freezing Funds that are available to you. Investments made prior to the blackout period are subject to risk, including loss in value, during the blackout period. Amounts that you move to the Available Funds and Freezing Funds will be transferred to HealthEquity “in-kind” and you must agree to be subject to HealthEquity’s investment terms.
During the investment blackout period, you will be unable to direct or diversify the investments held in your BenefitWallet HSA investment account. Any investments remaining in an investor’s BenefitWallet HSA will be subject to market conditions, including the risk of loss in their existing account value. For this reason, it is very important that you review and consider the appropriateness of your current investments.
Following the transfer (when the blackout period ends), you will be able to move amounts (including the amounts liquidated to cash) to new investments that are available on the HealthEquity platform at any time.
Investments on the HealthEquity platform are subject to the HealthEquity investment terms, which are contained in the Investment Supplement . By participating in the transfer of your HSA to HealthEquity, you are consenting to the terms in this Investment Supplement. In addition, if you decide to either change investments or invest the cash portion of your HSA, you will also be asked at that time to agree to the HealthEquity investment terms.
Investments on the HealthEquity platform will be subject to investment fees (expense ratios) charged by the mutual funds, plus a monthly investment administration fee equal to 0.03% of your average daily investment balance (capped at $10.00 per month). In addition, if you subscribe to Advisor, a web-based robo-advisory service offered by HealthEquity Advisors, LLC, you will be charged an additional monthly fee of 0.05% of your average daily advised balance (capped at $15.00 per month).
1 Investments are subject to risk, including the possible loss of the principal invested and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. HSA holders may select Vanguard funds for investment through the HealthEquity investment platform but HealthEquity, Inc. does not provide investment advice. HealthEquity Advisors, LLC, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, provides web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training. Investing may not be suitable for everyone. You should carefully consider the investment objectives, risks, charges and expenses of any mutual fund before investing. A prospectus and, if available, a summary prospectus containing this and other important information can be obtained by visiting the Vanguard website at vanguard.com. Please read the prospectus carefully before investing.
HealthEquity does not provide legal, tax or financial advice.
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