More than half of respondents to the Plan Sponsor Council of America’s (PSCA)’s first-ever survey on health savings account (HSA) design and use, sponsored by Empower Retirement, educate employees about allocating assets between their 401(k)/403(b) plan and an HSA–but employee education remains the dominant concern of plan sponsors (indicated by 60% of respondents).

The survey of 189 plan sponsors found that the most common resources used to educate employees about their HSAs were “how-to” guides (56.6%) and group presentations (59.9%). HSA education takes place primarily at open enrollment for 76.4% of organizations, though one-in-five plan sponsor respondents say they offer HSA education multiple times throughout the year.

During a session at the 2019 PSCA Annual Conference in May, Ken Forsythe, head of product strategy at

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