When you activate your myHSAinvestments account, you pay a 0.50 percent annual fee invoiced quarterly (0.125 percent per quarter or $1.25 per $1,000 of account value) . The minimum quarterly myHSAinvestments account service fee is $5.00. This will be deducted from your myHSAinvestments account each quarter, around the tenth business day of the month following the end of the quarter that your myHSAinvestments account was opened. Standard expense ratios and fees inside the mutual funds may apply based on the funds you choose.

myHSAinvestments are self-directed investments, but are still considered part of your HSA for tax purposes. This means you choose from the available list of funds in which to invest a portion of your HSA dollars. Any earnings from your HSA investments grow tax free.

You do not need to be experienced at investing to use myHSAinvestments. Start by visiting myHSAinvestments.com. Select the Learn More button on the Home page; open and read the linked informational content under ‘The Basics’.

When your Electric Cooperatives FCU Health Savings Account balance reaches $2,500 or more, you have the opportunity to use myHSAinvestments, a selection of self-directed investment options including stocks, bonds and mutual funds. Maximize your health care savings now and in retirement!

1. Visit myHSAinvestments.com and complete the short application linking your Premier HSA account to the investment platform.

2. You will need to enter your HSA account number and the Bank’s ABA Routing Number 272075251 as well as a few pieces of identifying information, and select your initial investment elections.

3. Once you enroll, your HSA account number and requested balance information will be verified.

4. When the account has been verified, an ACH transfer will move the money from your ECFCU HSA to your myHSAinvestments account and invest the money into your initial investment elections.

5. You will receive a confirmation email from myHSAinvestments notifying you when the account has been set up. At this point, you can view your account.

Mutual fund prospectuses and Morningstar® reports can be found on the myHSAinvestments.com website. Under “Tools and Education,” you will find the “HSA Guided Portfolio” to help you select investments that fit your objectives, and a variety of other resources to help you get the most out of your HSA.

HSA Guided Portfolio is a planning tool that helps you make the most appropriate investments for your objectives and risk tolerance. Think of it as: “We Guide, You Choose.” After completing a few simple questions about your risk tolerance, how you intend to use your HSA investment account, and your need to access the money in your myHSAinvestments account, a potential allocation mix is provided. This allows you to choose your investment options, select the rebalancing timing that meets your needs, and enroll in the auto-rebalance option which automatically rebalances your investment assets on a monthly, quarterly, or yearly cycle.

The current lineup of myHSAinvestments mutual fund options can be found at the link or by visiting myHSAinvestments.com under “What funds are available?” on the “Features” page.

You can find links to each fund’s prospectus, fact sheet, and Morningstar page by clicking on “Resource Links” on the fund performance dashboard.

You can make changes to your investment holdings once a day. Keep in mind, mutual funds are considered long-term investments and some funds may charge short-term redemption fees to discourage market timing practices. Please review the fund’s prospectus for fees related to the fund’s short-term trading policies.

You can move money back to your ECFCU HSA by using the “Move Money” link under the “Invest” tab. Your mutual funds will be liquidated according to your current fund percentage allocations and dollars will typically be transferred to your base HSA account within two to three business days.

Your balance and activity status are updated on a nightly basis in accordance with New York Stock Exchange trading days.

No minimum investment amounts apply to the mutual funds through myHSAinvestments.

The mutual funds in this program are either no-load, load-waived, or (where available) institutional share class funds, which means any retail loads or commissions do not apply.

myHSAinvestments is self-directed, which means you’re in charge of important decisions like when to rebalance your portfolio so your investments stay in line with your original asset allocations. Rebalancing is important because it requires you to review your goals, objectives, health care needs and risk tolerance on a regular basis (the frequency is up to you). With HSA Guided Portfolio, you can automatically schedule rebalancing and easily maintain your asset allocation strategy. Be sure to consult your personal investment advisor before making any investment decisions.

The expense ratio will vary by fund. You can find this information in the funds prospectus which can be accessed through the Fund Performance Dashboard. Click on “Resource Links” to view a funds prospectus, fact sheet and Morningstar page. We make every effort to provide the share class with the lowest expense ratio available.

If you see an alert icon next to a fund when you are realigning your account or transferring between investments, hover over the icon to see the trading policy that applies to that fund. See the example below:

View Example Image

For complete information concerning redemption or frequent trading policies please refer to the fund’s prospectus. Links to the prospectus for each fund can be found under Resource Links on the Fund Performance Dashboard.

Dividend or interest income earned on your mutual fund investments is automatically reinvested back into the fund based on your investment selections.

If a new fund is added to the group of available mutual funds within the same asset class, can I invest in both funds? From time to time, we may make changes or additions to the group of available funds. As a self-directed offering, you may invest in any or as many funds as you choose.

The mutual funds in myHSAinvestments are traded without a “load” commonly known as “load-waived.” These shares typically would not apply when purchasing load funds of the same family outside of myHSAinvestments. Contact the fund company directly to review their individual policies on breakpoints.

No. Mutual funds are not insured by the NCUA/FDIC, nor are they guaranteed by Electric Cooperatives FCU, your base HSA provider. As is the nature of investing, mutual funds may lose value, so it isyour responsibility to understand the risks of investing your HSA dollars.