Through an arrangement with the Charles Schwab Trust Company (Schwab), the following investment options are available to HSA participants. MII Life is the master custodian of the HSA, with Schwab acting as sub-custodian for the investments.
Using the excess amount above $1,000, you can open a self-directed Basic Investment Account. This account gives you access to a variety of mutual funds in various asset classes from the Schwab OneSource® mutual fund program. These funds have been selected by Devenir Investment Advisors, LLC, a registered investment advisor. You decide whether and when to invest, select the funds in which you want to invest, and decide how much to invest.
The Base Balance, which is the amount in your HSA not invested through the Schwab arrangement, will be maintained at a minimum of $1,000, and may earn interest at rate(s) MII Life establishes from time to time.
You can open a self-directed Brokerage Investment Account through your HSA with Charles Schwab & Co., Inc. This account gives you access to more than 2,500 mutual funds, as well as stocks, bonds and other investments. You decide whether and when to invest, select your investments, and decide how much to invest.
Charles Schwab & Co. Inc., a registered securities broker dealer, member SIPC/NYSE, is an affiliate of The Charles Schwab Trust Company.
Devenir Investment Advisors, LLC, a registered investment advisor, has selected the following mutual funds to represent the investment asset classes shown in the first column. This classification is Devenir's opinion and it may differ from the Investment Objectives of a particular fund as set forth in the fund's prospectus. Additional information about these mutual funds is available here.
| Investment Asset Class | Available Mutual Fund Option | Call for Prospectus | Resource Links |
|---|---|---|---|
| Large Cap Value | Hotchkis & Wiley Large Cap Value | Prospectus Morningstar |
|
| Large Cap Income | American Funds Income Fund of America | Prospectus Morningstar |
|
| Large Cap Growth and Income | Calamos Growth and Income Fund | Prospectus Morningstar |
|
| Large Cap Growth | Marsico Growth | Prospectus Morningstar |
|
| Large Cap Growth | American Funds Growth Fund of America | Prospectus Morningstar |
|
| Mid Cap | Calamos Growth Fund | Prospectus Morningstar |
|
| Small Cap | Federated Kaufmann Small Cap | Prospectus Morningstar |
|
| International | First Eagle Overseas Fund | Prospectus Morningstar |
|
| Index Fund | Dreyfus S&P 500 Index | Prospectus Morningstar |
|
| Fixed Income | PIMCO Low Duration Fund | Prospectus Morningstar |
|
| Fixed Income | PIMCO Total Return Fund | Prospectus Morningstar |
|
| Lifestyle | Goldman Sachs Growth Strategy | Prospectus Morningstar |
|
| Lifestyle | Goldman Sachs Growth & Income Strategy | Prospectus Morningstar |
|
| Lifestyle | Goldman Sachs Balanced Strategy | Prospectus Morningstar |
|
| Money Market | Schwab Money Market | Prospectus |
Prospectuses containing more complete information, including most recent month-end performance, management fees, as well as charges and expenses, are available by calling the toll free telephone numbers listed above. Please read the prospectus carefully to consider the investment risks and objectives prior to investing. Past performance does not guarantee future results. Investing entails the risk of loss of principal.
When you activate a Basic Investment Account, you pay a Monthly Investment Account Service Fee of $1.50 per month, or $18.00 annually, regardless of your investment account balance. The Monthly Service Fee will be deducted from your Basic Investment Account balance. If you close your investment account during the year, the fee is prorated. However, you will pay the $1.50 account service fee for that month. Zero balance investment accounts will not be charged a monthly fee.
For questions about either your HSA or your investment options, please call SelectAccount at (651) 662-5065 or toll free at 1-800-859-2144. We're at your service.