Health Savings Accounts That Work With Your 401k Plan
Reduce your fiduciary risk and simplify plan management with professional oversight from experts dedicated to your organization’s compliance, efficiency, and success.
Health Savings Accounts That Work With Your 401k Plan
Give Your Retail Employees More Than Just a Paycheck
Your team works hard. They show up early, stay late, and keep your business running. But when it comes to healthcare costs, many of them struggle. What if you could offer a benefit that helps them save money on medical expenses while building long-term wealth?
Retail401K now offers Health Savings Accounts (HSAs) that work alongside your retirement plan. It's one more way to take care of your people without breaking your budget.
Why HSAs Make Sense for Retail Businesses
Healthcare is expensive. Your employees feel it every time they visit the doctor or pick up a prescription. An HSA gives them a smart way to pay for medical costs with pre-tax dollars.
Here's what makes our HSA solution different:
- It connects directly to their 401k. Your employees see both accounts in one place. No jumping between websites or trying to remember multiple passwords.
- The investment options match. We mirror the same mutual funds from your 401k plan inside the HSA. Your team already knows these options, so there's no confusion.
- We contribute to your association. For every plan, we put $250 toward your industry association. It's our way of supporting the retail community.
- Setup happens fast. Within 5 business days, we schedule your implementation call and complete admin setup. Debit cards arrive in about 4 weeks.
Four Account Types, One Simple Card
Our smart card technology makes it easy for employees to access their healthcare dollars. Here's what we offer:
-
Health Savings Account (HSA)
This is the big one. Employees can use it for immediate medical expenses or invest it for retirement. The money grows tax-free and never expires. It's like a retirement account specifically for healthcare.
-
Flexible Spending Account (FSA)
Employees fund this account through payroll deductions. They need to use the money within the year, which makes it perfect for predictable expenses like glasses or dental work. We also offer a dependent care option for childcare costs.
-
Health Reimbursement Account (HRA)
You fund this account as the employer. It's a great way to help employees with out-of-pocket costs. You decide if unused money rolls over to the next year. Some businesses use HRAs as rewards for wellness programs.
-
Qualified Transportation Account (QTA)
This helps employees pay for commuting costs like parking or public transit. The money comes from their paycheck pre-tax, which saves them money on every commute.
The smart card knows which account to pull from first, so your employees don't have to think about it.
A Website That Actually Helps People
Most benefits websites are confusing. Ours isn't. We built it to answer questions and make tasks simple.
Tools That Guide Decisions
- Guidance tool that explains what expenses qualify
- Educational resources in plain language
- Expense analysis dashboard showing where money goes
- Investment goals and analysis for HSA growth
- Real-time account activity
- Text alerts for important updates
Self-Service Features
Your employees can handle most tasks themselves:
- Update their profile information
- Pay providers directly
- Make contributions
- Change investment allocations
- Complete transactions from their phone
No waiting on hold. No complicated forms. Just quick, easy access to their money.
The Mobile App Your Employees Will Actually Use
Most people check their phone dozens of times a day. Our app makes managing healthcare accounts just as easy as checking social media.
Always Available:
- Access 24/7, even on weekends
- Scan receipts to check if expenses qualify
- Upload receipts with claims
- No need to save paper
Clear Information:
- Dashboard showing all expenses
- Complete account activity
- View and adjust HSA investments
- See plan details anytime
Quick Actions:
- Update profile
- Pay medical providers
- Make contributions or withdrawals
- Complete transactions in seconds
Works Standalone or With Your 401k
Already have a 401k plan with Retail401K? Adding HSAs is simple. Everything integrates into one system.
Don't have a retirement plan yet? No problem. We can offer the HSA as a standalone benefit. But when you're ready to add a 401k, the integration is already built in.
Take Care of Your Team Without Breaking the Bank
Good employees have choices, and healthcare benefits matter when they're picking where to work. Without them, you risk losing talented people to competitors who offer more. The cost of constantly hiring and training replacements adds up quickly. For a small monthly investment, an HSA shows your team you care about their wellbeing and gives them a real tool to handle medical costs and build financial security. You built your retail business by taking care of customers—now it's time to take care of the people who make it all happen. Retail401K makes it affordable and simple. We handle the paperwork, provide the education, and answer the questions while you get the credit for offering a benefit that actually helps.
Call 844-637-4015 today to add HSAs to your benefits package
Frequently Asked Questions
- Can we offer an HSA without a 401k plan? Yes. The HSA works as a standalone benefit. But if you add a 401k later, everything integrates automatically.
- What does this cost? Pricing depends on your number of employees and which accounts you offer. Call 844-637-4015 for a specific quote.
- Do we have to contribute to employee HSAs? No. Employees can fund their own HSAs. But many employers contribute as a benefit, which helps with recruiting.
- How much work is this for our HR team? Very little. We handle the administration, education, and customer service. Your HR team just helps with initial setup.
- What if employees have questions? They can call our support team, use the website chat, or schedule time with a consultant. We provide multiple ways to get help.
- Can employees invest their HSA money? Yes. Once they reach a minimum cash balance, they can invest in the same mutual funds offered in your 401k plan.
Take the Next Step
Your retail business succeeds because of your people. Show them they matter with benefits that make a real difference in their lives. Call Retail401K at 844-637-4015 to learn more about adding Health Savings Accounts to your benefits package.
