In July 2017, Payflex is changing the “share class” for six of the Health Savings Account (HSA) investment funds.In July 2017, Payflex is changing the “share class” for six of the Health Savings Account (HSA) investment funds.
Why is PayFlex changing the share classes?
Payflex is changing the share classes to offer lower expense ratios. This means a lower percentage of the fund’s assets go toward the expense of “running” the fund.
What does this change mean for you?
If you’ve invested in the funds listed above, Payflex will sell your shares of those funds on July 17, 2017. Then buy the same dollar amount in the new share classes. Or you can choose to sell the shares on your own. But you’ll need to do this before 3:00 p.m. CT on July 12, 2017.
How to sell your investment funds:
If you have any questions, you can call the number on the back of your PayFlex debit card. Payflex is here to help Monday – Friday, 7:00 a.m. – 7:00 p.m. CT and Saturday, 9:00 a.m. – 2:00 p.m. CT.
https://www.ithaca.edu/intercom/article.php/20170615150712291