Important Information Regarding the Flores
HSA Solution: HSA Custodian Bank Transfer

Flores is excited to announce that an HSA custodian transition will take place this summer as we transfer from Avidia Bank to WealthCare Saver, a fully integrated HSA custodial solution that includes a modern investment experience. Flores will continue to administer the HSA plan, this is only a change in HSA custodians.

For more information on the WealthCare Saver investment solution, see the flyer and FAQ documents linked below. We will notify our current HSA clients of this transition on Tuesday, May 10th. The details of that communication including participant and employer flyers, a transition timeline, and other important information are included below for your preview.

A notice will be sent via US Mail to active HSA participants informing them of the change, including an updated investment fees schedule (WealthCare Saver Investment Fees), 30-days prior to the transition. We have also provided a draft communication and information flyer linked below that we will recommend your clients share with HSA participants in advance to notify them of this upcoming change to their benefit. As we near the transition period, we will send additional detailed communications to keep you informed.

Key transition dates include:

Friday, May 27th
Official Notification Letters Mailed to Accountholders

Monday, June 13th
WealthCare Saver Accounts Opened
WealthCare Saver Welcome Email to Participants

Monday, July 11th
Avidia HSA Accounts Liquidated to Cash

Monday, July 18th
Transfer of Funds to WealthCare Saver
Blackout Period Begins

Friday, July 22nd
Funding Transfer Complete
Blackout Period Ends

We will strive to minimize the impact of this transition on both HR teams and plan participants. Ultimately this change will provide an enhanced experience and expanded investment options for plan participants.

We look forward to offering an even better HSA benefit experience to your clients and their plan participants! Please contact your Flores Business Development Partner with any questions you may have regarding client notifications or this exciting transition. Contact Us
The balance in your HSA Investment Account is subject to investment risks, including fluctuations in value and the possible loss of the principal amount invested. Investing through the WealthCare Saver investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement(s). For information regarding underlying investment expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available information.

WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts.
CapFinancial Partners, LLC (“CAPTRUST”) is an investment adviser registered under the Investment Advisers Act of 1940. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. In addition, you may choose to have CAPTRUST manage your HSA account on a discretionary basis.

DriveWealth, LLC, a registered broker dealer and member of FINRA and SIPC. SOC 2 Type 2, GDPR, CCPA compliant. Registered in all 50 U.S. states.
Flores & Associates LLC
Charlotte, NC 28203