An analysis of Fidelity’s 74,000 HSA accounts has revealed several interesting trends regarding contribution rates and spending behavior.
Fidelity noted three categories of spending behaviors by HSA participants:
An analysis of Fidelity’s 74,000 HSA accounts has revealed several interesting trends regarding contribution rates and spending behavior.
Fidelity noted three categories of spending behaviors by HSA participants:
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Aritificial intelligence is opening new possibilities for retirement plans, but employers remain cautious about risk while working to improve participant outcomes and readiness.
A wide range of employers are expressing a greater desire to measure risk, achieve more predictable retirement benefit costs, and retain top talent.
Cash-balance plans lead the way in groundswell of support for offering a more meaningful approach to generating retirement income for cash-strapped workers.
Younger employees are least likely to enroll in retirement plans, but automatic enrollment and defaults dramatically improve participation across the board.
Health savings accounts continue to expand as more workers invest contributions, even as perplexity around eligibility and account rules continues.