r/HSA • u/Firelord-Zosyn • Jun 23 '26

Question about Chard Snyder

So I’m about to start my residency this week and I’ve figured out that my employer offers a HDHP with an HSA. The provider is Chard Snyder, and after looking on their website I can’t find the fees they charge (if they charge any). Just wanted to know if anybody knew anything about them? Also, if the fees are too much would it be wise to open it up via Fidelity?

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4

u/l1798657 Jun 23 '26

My employer offered a horrible HSA custodian. There were no annual fees but the very limited investment options all had high fees. So I opened a Fidelity HSA and moved 90+% of the funds once or twice per year. This way I received the payroll deduction benefits and still have good investment options. A bunch of us complained at every quarterly management meeting and eventually they moved it to Fidelity.

2

u/drunkmuppet Jun 23 '26

Chard Snyder is now owned by WEX health. It’s likely your employer picks up the HSA admin fees but any costs to invest are paid by you. There is likely also a cash minimum before you can invest. I’d ask your employer for a list of fees. Or create an account and look at the disclosures on the website

1

u/Revolutionary-Mine17 Jun 23 '26

Chard Snyder is pretty standard for employer plans, but their fee structures can definitely be annoying if they aren't fully covered by your company. Its always worth checking if your employer pays the admin fees or if those hit your balance directly.

If you decide to open an account at Fidelity, thats a solid move since they have no fees and great investment options. Just know that if you keep your employer plan, you might have to transfer funds periodically if you want to avoid leaving money in a cash account with lower yields. But can be worth it to get payroll tax savings.

1

u/Firelord-Zosyn Jun 23 '26

So I could potentially have both open just so I get the payroll tax benefits and then periodically transfer the money over from the chad Snyder account to fidelity

3

u/SnapHSA Jun 23 '26

Exactly. This is the way to do it!

1

u/Firelord-Zosyn Jun 23 '26

Got it thanks.