Sterling HSA
Quick Summary
- Woman/minority-owned
- Multiple plan tiers
- Full benefits administration
- Investment options
The Verdict
Sterling HSA provides essential HSA features with a monthly fee of $2.50 and self-directed brokerage access, earning a 2.8/5.0 rating from HSA Orbit.
Sterling Administration is an independent, minority, woman-owned administrator for HSAs, HRAs, FSAs, POPs and COBRA. Additionally, Sterling offers expert compliance services for ERISA Wrap, Form 5500 Filing, non-discrimination testing, and requirements under the Patient Protection Affordable Care Act (PPACA).
Sterling was named a national Best Place to Work by Business Insurance Magazine in 2014. Sterling is large enough to offer the most advanced benefits administration technology and services, yet small enough to provide a personalized experience. We pride ourselves on our unparalleled service. Sterling is based in Oakland, California with remote staff nationwide.
Key Features
Banking & Access
Includes debit card and online banking.
Investment Options
Offers self-directed brokerage.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $100 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $2.50 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* $2.50/month (Value Plan) or $8.75/month (Standard Plan) - No waiver; plan-based pricing
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Brokerage Access
Sterling HSA provides a self-directed brokerage window for investing your HSA funds in the broader market.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $500 - $5,000 | 0.10% |
| $5,000 - $10,000 | 0.20% |
| $10,000 - $15,000 | 0.30% |
| $15,000+ | 0.45% |
Last updated: 03-19-2024
Contact Information
Address
1000 Broadway #250 Oakland, CA 94607 Customer Service Mailing Address Sterling Administration P.O. Box 71107 Oakland, CA 94612
Customer Service
800-617-4729
1000 Broadway #250 Oakland, CA 94607 Customer Service Mailing Address Sterling Administration P.O. Box 71107 Oakland, CA 94612
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •Self-directed brokerage access
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $2.50
User Sentiment
Based on community feedback
Sentiment data coming soon
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