I have used Health Equity for my HSA for about 5 years. I recently received notification they were going to a "new, best-in-class" list of mutual funds. They would migrate my funds to the comparable new fund or I can make my own changes. The change is effective July 1.
I decided to compare the fees between the old and new funds. As I suspected, the fees on the "new, best-in-class" funds are higher. I have to agree that some of the returns are higher on the new funds but that can change at any time.
I listed the three funds I am currently invested in, old fees, and the new fees. I did not list the new funds because I can't get it formatted (and it didn't format like I wanted anyway!).
Old New Increase
Dodge & Cox Int Bond 0.43% 0.62% 44%
Dodge & Cox Foreign Large Blend 0.64% 1.22% 91%
Vanguard Large Blend 0.10% 0.95% 850%
Vanguard is gone from our list. New names such as Metropolitan West, Artison, Columbia. The Sunamerica Dividend fund actually has a 5.75% front end load and then a fee of 1.475%. Yikes!!! Time to find a new home for my HSA.
I wonder if Health Equity got bought. This is out of character for the company I have been dealing for the last 5 years.
I decided to compare the fees between the old and new funds. As I suspected, the fees on the "new, best-in-class" funds are higher. I have to agree that some of the returns are higher on the new funds but that can change at any time.
I listed the three funds I am currently invested in, old fees, and the new fees. I did not list the new funds because I can't get it formatted (and it didn't format like I wanted anyway!).
Old New Increase
Dodge & Cox Int Bond 0.43% 0.62% 44%
Dodge & Cox Foreign Large Blend 0.64% 1.22% 91%
Vanguard Large Blend 0.10% 0.95% 850%
Vanguard is gone from our list. New names such as Metropolitan West, Artison, Columbia. The Sunamerica Dividend fund actually has a 5.75% front end load and then a fee of 1.475%. Yikes!!! Time to find a new home for my HSA.
I wonder if Health Equity got bought. This is out of character for the company I have been dealing for the last 5 years.