Sterling Administration is a privately held, financially self-sustaining company. Our full suite of products includes HSA, HRA, FSA, POP, COBRA, ERISA Wrap, Form 5500 Filing, PPACA Compliance Services, and an online employer benefits enrollment platform called Benefit Solutions. This is what we do. It’s all that we do and we are committed to making the complex simple for our clients and partners.
|$15,000 or higher||0.55%|
|Monthly Maintenance Fee||$2.50*|
|Account Opening Fee||$0.00|
|Account Closing Fee||$20.00|
* $8.75 / month for the Sterling Standard Plan
$16.00 Annual Fee (two transactions per year free of charge) & $10.00 Per Transaction Fee (after the first two complimentary per year)
To self-direct investments, Sterling accountholders may transfer funds in their HSA account to a joint brokerage account titled "Sterling HSA Administrator For The Benefit Of (Name Of Sterling Accountholder)". Once the joint brokerage account has been set up and the accountholder has completed a Sterling Transfer of Assets Form, Sterling will transfer funds from the HSA account to the joint brokerage account.
Remember, there is a minimum balance requirement of $20 which must be kept in your HSA. The monthly maintenance fee on the HSA account will continue to be charged, for this reason we ask you to also leave a minimum of one year's worth of fees in your HSA, or Service Fee Balance. An annual fee of $16 will also be charged for the outside investment account. Sterling recommends all accountholders keep an amount equal to their annual deductible or out-of-pocket maximum in their HSA account at a minimum. Additional brokerage fees may apply. Check with your broker-dealer for details.
|Website||Sterling Administration's HSA Website|
475 14th Street, Suite 650
Oakland, CA 94612
|Mailing Address||Sterling Administration
P.O. Box 71107
Oakland, CA 94612
|Email Address||[email protected]|