HSA Investments. (a) Once your Deposit Account balance reaches the Investment Threshold, you may elect to invest some or all the Deposit Account balance in excess of the Investment Threshold in one or more of the available HSA Investments. Information regarding the optional HSA Investments can be found by logging in to your account and selecting “Investments”. You have exclusive responsibility for and control over the assets in your HSA and whether to invest. All investment transactions are subject to the terms of this Agreement, in addition to applicable federal and state laws and regulations, the rules and regulations of any exchange, market or clearing house where the transaction is executed, the terms of any applicable investment prospectus, and the HSA Investments Terms and Conditions. If you elect to establish an HSA Investment Account, the HSA Investments Terms and Conditions will be disclosed by the Investment Advisor at the time you establish this optional portion of your HSA. (b) If you select the automatic transfer feature, when your balance in the Deposit Account exceeds the transfer threshold, the excess funds will be automatically transferred from the Deposit Account into the HSA Investment Account. If the balance in the Deposit Account falls below the transfer threshold, no additional funds will be automatically swept into the HSA Investment Account until the Deposit Account once again exceeds the transfer threshold. (c) The HSA Investments are not FDIC-insured, not bank issued or guaranteed, and are subject to investment risks, including fluctuations in value and the possible loss of the amount invested. For information regarding expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available information. (d) We have no liability or responsibility for the investment decisions made by you and shall not be liable for any loss which results from your exercise of investment control over your HSA. You shall have and exercise exclusive responsibility and control over the investments you choose. (e) We reserve the right to liquidate your HSA Investments and/or close your HSA
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Samples: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement
HSA Investments.
(a) Once your Deposit Account balance reaches the Investment Threshold, you may elect to invest some or all of the Deposit Account balance in excess of the Investment Threshold in one or more of the available HSA Investments. Information regarding the optional HSA Investments can be found by logging in to your account through the Portal and selecting clicking on the “Investments”” tab. The Portal may be accessed using the URL provided in the Welcome Materials provided by the Administrator. The HSA Investment Website, accessed through the investment section on the Portal, is the only means by which you can direct the investment of your funds. You have exclusive responsibility for and control over the assets in your HSA and whether to invest. All investment transactions are subject to the terms of this Agreement, in addition to applicable federal and state laws and regulations, the rules and regulations of any exchange, market or clearing house where the transaction is executed, and the terms of any the applicable investment mutual fund’s prospectus, and the HSA Investments Terms and Conditions. If you elect to establish an HSA Investment Account, Account you will receive a copy of the HSA Investments Terms and Conditions will be disclosed disclosure which is provided by the Investment Advisor at the time you establish this optional portion of your HSA.
(b) If you select the automatic transfer sweep feature, when your any time Your balance in the Deposit Account exceeds the transfer threshold, Sweep Threshold by $1.00 or more the excess funds will be automatically transferred “swept” from the Deposit Account into the HSA Investment Account. If the balance in the Deposit Account falls below the transfer threshold, Sweep Threshold no additional funds will be automatically swept into the HSA Investment Account until the Deposit Account once again exceeds the transfer thresholdSweep Threshold by $1.00. If you have not indicated through the HSA Investment Website, accessed through the investment section on the Portal, how you wish to invest your funds, the funds will be placed in an Investment Cash account, as determined by the Investment Advisor. Your rights or authority, including voting rights, in respect to any mutual fund shares are set forth in the HSA Investments Terms and Conditions disclosure. Th e Administrator will also provide you with an HSA Investments User Guide which will assist you with navigating the investment section of the Portal. Funds will not be automatically swept from the Deposit Account into the HSA Investment Account in amounts less than $1.00.
(c) Only HSA Investments permitted by the IRS Rules will be made available through this Program.
(d) The HSA Investments are not FDIC-FDIC insured, not bank issued or guaranteed, and are subject to investment risks, including fluctuations in value and the possible loss of the principal amount invested. In addition, growth in the value of your HSA is neither guaranteed nor projected due to the characteristics of a mutual fund investment. Detailed information about the shares of each mutual fund available for investment by your HSA will be made available to you electronically through the HSA Investment Website, accessed through the investment section on the Portal, in the form of a prospectus. The method for computing and allocating annual earnings is set forth in the applicable prospectus. For information regarding expenses, earnings, and distributions, see the applicable investment mutual fund’s financial statements, prospectus and other publicly available and/or statement of additional information.
(de) Your HSA Investments will be held in the name of the Administrator, (its agents or their affiliates), and evidenced on the Investment Advisor’s records, or the records of its outsourcing partner, as recordkeeper thereof. For additional information please review the HSA Investments Terms and Conditions disclosure.
(f) Neither Us nor any of our service providers shall provide any investment advice to you in connection with your HSA nor do we or our service providers have any duty to review and monitor any mutual fund investments you hold in your HSA. We will have no duty to monitor or replace the mutual funds made available to You as HSA Investments and the Custodian makes no representation as to the quality or performance of any investment options. The Custodian will have no liability or responsibility for the investment decisions made by you and shall not be liable for any loss which results from your exercise of investment control over your HSA. You shall have and exercise exclusive responsibility and control over the investments you choose.
(e) We reserve the right to liquidate your HSA Investments and/or close investment of any funds within your HSA, and We have no duty to question the investment directives provided by You.
Appears in 1 contract
Samples: Custodial Agreement
HSA Investments. (a) Once your Deposit Account balance reaches the Investment Threshold, you may elect to invest some or all the Deposit Account balance in excess of the Investment Threshold in one or more of the available HSA Investments. Information regarding the optional HSA Investments can be found by logging in to your account through the Portal and selecting clicking on the “Investments”” tab. The Portal is the only means by which you can direct the investment of your funds. You have exclusive responsibility for and control over the assets in your HSA and whether to invest. All investment transactions are subject to the terms of this Agreement, in addition to applicable federal and state laws and regulations, the rules and regulations of any exchange, market or clearing house where the transaction is executed, and the terms of any the applicable investment mutual fund’s prospectus, and the HSA Investments Terms and Conditions. If you elect to establish an HSA Investment Account, you will receive a copy of the HSA Investments Terms and Conditions will be disclosed disclosure which is provided by the Investment Advisor at the time you establish this optional portion of your HSA.
(b) If you select the automatic transfer sweep feature, when any time your balance in the Deposit Account exceeds the transfer threshold, Sweep Threshold by $1.00 or more the excess funds will be automatically transferred “swept” from the Deposit Account into the HSA HSA, Investment Account. If the balance in the Deposit Account falls below the transfer thresholdSweep Threshold, no additional funds will be automatically swept into the HSA Investment Account until the Deposit Account once again exceeds the transfer thresholdSweep Threshold by $1.00. If you have not indicated through the Portal how you wish to invest your funds, the funds will be placed in an Investment Cash account, even if the interest or returns available in the Investment Cash account are less than other investment options available to you. Your rights or authority, including voting rights, in respect to any mutual fund shares are set forth in the HSA Investments Terms and Conditions disclosure.
(c) The HSA Investments are not FDIC-insured, not bank issued or guaranteed, and are subject to investment risks, including fluctuations in value and the possible loss of the principal amount invested. In addition, growth in the value of your HSA is neither guaranteed nor projected due to the characteristics of a mutual fund investment. Detailed information about the shares of each mutual fund available for investment by your HSA will be made available to you electronically through the Portal in the form of a prospectus. The method for computing and allocating annual earnings is set forth in the applicable prospectus. For information regarding expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available mutual fund’s financial statements, prospectus, and/or statement of additional information.
(d) For additional information please review the HSA Investments Terms and Conditions disclosure provided by the Investment Advisor at the time you establish this optional portion of your HSA.
(e) Neither we nor any of our service providers shall provide any investment advice to you in connection with your HSA, nor do we or our service providers have any duty to review and monitor any mutual fund investments you hold in your HSA. We will have no duty to monitor or replace the mutual funds made available to you as HSA Investments and We make no representation as to the quality or performance of any investment options. We have no liability or responsibility for the investment decisions made by you and shall not be liable for any loss which results from your exercise of investment control over your HSA. You shall have and exercise exclusive responsibility and control over the investments you choose.
(e) We reserve the right to liquidate your HSA Investments and/or close investment of any funds within your HSA, and we have no duty to question the investment directives provided by you.
Appears in 1 contract
