Ford has announced changes to the investment menu within the Health Savings Account (HSA). Effective March 27, 2015, Harbor Capital Advisors, Inc. Bond Fund (HABDX), PIMCO Low Duration Fund (PLDDX), and Neuberger Berman Mid Cap Intrinsic Value (NBRVX) are closed to new investors. HSA participants currently investing in these funds may continue to do so.
In addition, on or about April 24, 2015 the Parnassus Small Cap Fund (PARSX) will be merged with the Parnassus Mid Cap Fund (PARMX). If you currently hold the Parnassus Small Cap Fund, your account will automatically reflect this non-taxable transaction to the Parnassus Mid Cap Fund. No action is required on your part.
For those currently holding Neuberger Berman Mid Cap Intrinsic Value, per our current recommended conservative or growth model portfolios, you may continue to do so. If you are new to Mainstay’s Ford HSA model portfolios, or are getting caught up, please use Oppenheimer Main Street Small & Mid Cap as an alternative fund.
If you have questions regarding how these changes may affect your HSA portfolio or your investment option selection within the Ford HSA, do not hesitate to contact Mainstay toll-free at 1 866 444 6246.