DataPath Financial Services (DFS) recently announced its approval by the Internal Revenue Service as a Non-Bank Custodian for Health Savings Accounts effective November 1, 2023.

DFS can now provide more expansive capacity to its HSA client partners, including powerful efficiencies in both compliance and flexibility.

Starting January 1, DFS will become the Non-Bank HSA Custodian for all HSAToday® and Summit HSA health savings accounts, along with all white-label HSA products administered on the DataPath platform. Previously, this role was fulfilled by National Advisors Trust Company, Inc. of South Dakota (NATSD).

The custodian conversion process will have minimal impact on current customers of DataPath HSA management services and the DataPath HSA platform. On this page, you will find many helpful resources to help you prepare for this conversion.

Important Resources for the Conversion

TPA Webinar (Nov. 9, 2023)

• Recording from Nov. 9, 2023
• Slide Deck
  
• Key Events and Dates – TPAs
• Key Events and Dates – Employers
• Key Events and Dates – Account Owners

Important Documents for use beginning 1/1/2024

• Account Owner Disclosure
• Truth in Savings Disclosure 2024
• Custodial Account Agreement

Updated Forms for use beginning 1/1/2024

• HSA Transfer Form
• IRA-to-HSA Transfer Form
• Post-Tax Contribution Form
• HSA Employer Transmittal Register Form
• HSA Employer Info and Funding Form
• HSA Request Distribution Form (incl Account Closure and Excess Contribution Withdrawal)

Updated Materials for 2024 Enrollment

• Summit HSA Enrollment Booklet with App & Beneficiary Form
• HSAToday® Enrollment Booklet with App & Beneficiary Form

Miscellaneous Documents

• IRS Custodian Approval Letter
• IRS Requirements for Non-Bank Custodians

The contents of this page will be revised periodically as new and updated materials become available.

Questions about the Conversion?

If you have questions about the conversion or any of the documents on this page, please fill out the below form, and a representative will contact you soon.