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Joint 401(k)/HSA savers have bigger balances

Investors who save in both their 401(k) and HSA accounts have higher account balances than those who only save in their 401(k), according to new research from Fidelity Investments.

By Paula Aven Gladych | Updated on October 05, 2012
Image credit: Boaz Yiftach

Participants in 401(k) plans and health savings accounts (HSAs) had higher 401(k) account balances than those who saved only in a 401(k), according to a new report by Fidelity Investments. The company’s research also found that those who continuously contributed to their HSA saved most of their contributions, which will help them pay for escalating health care costs in retirement.

On average, 401(k) participants who also contributed to an HSA in 2011 deferred 8.5 percent of their annual salary into their retirement plan, while participants who only saved in their 401(k) contributed an average of 8.1 percent.

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