BPAS
HSA Bank
Houston, TX | BPAS.com
Milwaukee, WI | hsabank.com
KEY CONTACT(S)
David Ritchie | 315.292.6958 | dritchie@bpas.com Hannie Spitzack | 713.744.3844 | hspitzack@bpas.com Renee House | 713.744.3828 | rhouse@bpas.com
FIRM PROFILE BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 4,200 retirement plans, $110 billion in trust assets, $1.3 trillion in fund administration, and more than 510,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well-positioned to help our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call. Established in 1973.
KEY CONTACT(S)
Michael Kouromihelakis 860.969.9048 | mkouromihelakis@hsabank.com Patrick Schmick 414.333.1391 | pschmick@hsabank.com
FIRM PROFILE At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. To learn more, visit hsabank.com.
ASSETS MANAGED
ASSETS MANAGED
[As of 6/30/21] Total AUM: $10,700,000,000
[As of 6/30/21] Total AUM: $8,217,405
Asset Allocation Fund: —
Asset Allocation Fund: $8,217,405
AVERAGE BALANCE / INVESTMENT BALANCE
AVERAGE BALANCE / INVESTMENT BALANCE
$2,445 | $16,665
$4,555 | $5,470
MONTHLY ACCOUNT FEE
MINIMUM INVESTMENT THRESHOLD
[As of 6/30/21] $0
[As of 6/30/21] $0
MINIMUM INVESTMENT THRESHOLD
INVESTMENT OPTIONS AVAILABLE
[As of 6/30/21] $1,000
True open architecture; may select same investment options as defined contribution (DC) plan.
INVESTMENT OPTIONS AVAILABLE
ADVISOR SUPPORT SERVICE Enrollment kit, education, RFP, Toolbox, reporting, Mobile app, debit card, first-dollar investing. Other Services: Plan Administration & Recordkeeping, Actuarial & Pension, Healthcare Consulting, IRA, VEBA HRA, Health & Welfare, Fiduciary, Collective Investment Funds, Fund Administration, Institutional Trust, BPAS University
NAPA FIRM PARTNERS
HSA Providers
139
• HSAdvisor+, the only open-architecture platform that enables advisors to generate revenue for delivering customized HSA investment lineups, which enhance the retirement capabilities for employees and plan sponsors. • Devenir Guided Portfolio Mutual Fund Program, a self-directed, lowcost, no-load mutual fund lineup selected by an RIA with an HSA Guided Portfolio tool to help select investment elections and align a user’s portfolio. • TD Ameritrade, a self-directed brokerage program that enables further investment diversification that offers access to stocks, bonds, ETFs, options, and thousands of mutual funds.
ADVISOR SUPPORT SERVICE Online demos, calculators, and decision support tools Other Services: Flexible Spending Accounts (FSA), Dependent Care Flexible Spending Account (DC-FSA), Health Reimbursement Arrangements (HRA), Retiree Reimbursement Arrangement (RRA), Commuter Benefits, COBRA Administration and Direct Bill
NAPA BLACK BOOK 2021