Fidelity Reports 50 Percent Rise in HSAs Integrated With Defined Contribution Plans

Plan participants who had both a health savings account and a defined contribution retirement savings plan had savings rates that were higher, on average, than employees who had only a defined contribution plan, an executive with Fidelity Investments told BNA May 13.

The company found that, from a sample of 102,000 account holders who had an HSA integrated with a defined contribution retirement plan, there was an average deferral rate of 9 percent as of Dec. 31, 2012, said William Applegate, a vice president at Fidelity Investments in Boston. By comparison, of 6 million account holders who made contributions only ...