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HSAs, 401(ks) go hand in hand

A simple change in how plan sponsors present HSAs and 401(k)s could benefit both employers and employees.

By Marlene Y. Satter | Updated on June 20, 2017
A simple change in how plan sponsors present HSAs and 401(k)s could benefit both employers and employees. (Photo: Getty)

Plan sponsors need to rethink their approach not just to retirement savings plans but health savings accounts (HSAs) as well—and not just the design of the former, but promotion of the latter to employees as a supplementary means of retirement savings.

That’s according to a Society for Human Research Management report, which points out that when presented separately, as the two accounts generally are, they leave employees in ignorance about how effective they can be to boost retirement savings when used in tandem.

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