Wonder

Fortune 1000s with HSAs Part 1

Delivered March 21st, 2018. Contributors: Tehreem F., Ezeonye S., Syed A., Varun N., Emmanuel A., Colin M., Serina H., Jessica G., Annie S. and

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Fortune 1000s with HSA Ranks 3-27

Data showed that 15 out of the 25 among the ranks of 3-27 Fortune 1000 offer HSA to their employees. The employee range of these 11 companies is from 7,200, being employed by Fannie Mae, to 443,000, being employed by The Kroger Company. Details are included in the attached spreadsheet, as well as below. 
Fortune 1000 with HSA Ranks 3-27  Data was compiled mostly using the official company websites. Research showed that among the rank of 3-27 Fortune 1000s only 15 offer HSA to their employees. Those companies that offer HSA are as follows:
Berkshire Hathaway
UnitedHealth Group Incorporated
CVS Health Corporation
General Motors Company
General Electric Company
Chevron Corporation
Fannie Mae
The Kroger Company
Cardinal Health
Express Scripts Holding Company
JPMorgan Chase & Co.
The Boeing Company
Microsoft Corporation
Bank of America Corporation
Wells Fargo & Company 

The companies that offer HSA benefit have an employee range of 7,200, being employed by Fannie Mae, to 443,000, being employed by The Kroger Company. Here, it should be noted that the employee figures of Cardinal Health were excluded as they were global figures. 

The 10 companies that do not offer HSA are given below:
Apple
McKesson Corporation
Ford Motor Company
AT&T
AmerisourceBergen Corp.
Verizon Communications
Costco Wholesale Corporation
Amazon.com
Walgreens Boots Alliance, Inc
HP
Conclusion Research showed that only 15 out of the 25 among the rank of 3-27 Fortune 1000 offer HSA to their employees. These companies have an employee range from 7,200 to 443,000.

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Fortune 1000s with HSA Ranks 28-52

Of the 25 companies ranking from 28 to 52 on 2016 Fortune 1000s ranking, 11 offers an HSA plan to their employees, while 13 other do not offer an HSA. We could not determine if one company (Humana) offers an HSA plan because the company's website blocks access to it. The details of this research have been entered into the attached spreadsheet. Below is a brief rundown of the companies researched.

We searched employees benefits packages and company detail on each company's website and trusted websites for this research. These companies were identified to offer an HSA plan:
a. The Home Depot with 406,000 employees.
b. Citigroup with 219,000 employees.
c. Phillips 66 with 14,800 employees.
d. International Business Machines Corporation with 380,000 employees.
e. Anthem with 53,000 employees.
f. Johnson & Johnson with 126,400 employees.
g. Marathon Petroleum Corporation with 44,460  employees.
h. United Technologies Corporation with 202,000 employees.
i. Aetna with 49,828 employees.
j. United Parcel Service with 434,000 employees
k. Intel Corporation with 106,000 employees.

The following companies do not offer an HSA plan to their employees.
a. Valero Energy Corporation
b. The Procter & Gamble Company
c. State Farm Insurance Cos
d. Alphabet
e. Comcast Corporation
f. Target Corporation
g. MetLife
h. Archer-Daniels-Midland Company
i. Freddie Mac
j. PepsiCo
k. Lowe's Companies
l. American International Group
m. Prudential Financial
conclusionAll requested information on companies ranking from 28 to 52 is detailed in the attached spreadsheet.

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Fortune 1000s with HSA Ranks 53-77

I researched companies ranked 53-77 on the Fortune 1000 list for Health Savings Accounts. All details have been added to rows 55-79 of the attached spreadsheet.
Methodology & FINDINGSFrom the list of companies that I researched, the webpages and/or benefits portals of many companies contained information regarding HSA offerings. Since HSA is mentioned on their current websites/portals, we assumed that they still offer HSA in 2018. For all such companies, I have input '2018' against their respective cells on the spreadsheet and made a short note about it as well. These companies include the Walt Disney Company, Cisco Systems, Sysco Corporation, Caterpillar, New York Life Insurance Company, the Coca-Cola Company, HCA Holdings, Ingram Micro, American Airlines Group, Delta Air Lines, Nationwide Mutual Insurance Co., Liberty Mutual Holding Company, Honeywell International, and Oracle Corporation.

I had to resort to Glassdoor as the last option for some companies. I used the respective companies' employee reviews to determine if they offer HSA to their employees. I used the review dates to determine the year in which they offered HSA, which may not be the case but I had no other option other than to use the review date as the year in which the companies offered HSA. These companies include Equity Transfer, L.P., Johnson Controls, and Best Buy Co.

Pfizer, Lockheed Martin Corporation, Tyson Foods, and the Goldman Sachs Group do not offer HSA, as determined from their respective benefits webpages. Overall, I was able to find evidence that of the 25 companies I investigated, 21 of them offered an HSA plan.

Please note that some companies offered Flexible Spending Accounts (FSAs), however, I have assumed them to be the same, because according to HCA Healthcare, FSA is a type of HSA. These companies include New York Life Insurance Company, the Coca-Cola Company, Delta Air Lines, Nationwide Mutual Insurance Co., and Merck & Co. Please also note that for Ingram Micro, the company's Canada webpage states that they offer HSA, therefore, I assumed that they also offer HSA in the US as well.

For each company, I have used the most recent sources available regarding their HSA plans. I have noted down the year of the plan that the source relates to within column E of the spreadsheet.
CONCLUSION
To sum up, the Walt Disney Company, Cisco Systems, Sysco Corporation, Caterpillar, New York Life Insurance Company, the Coca-Cola Company, HCA Holdings, Ingram Micro, American Airlines Group, Delta Air Lines, Nationwide Mutual Insurance Co., Liberty Mutual Holding Company, Honeywell International, Oracle Corporation, Equity Transfer, L.P., Johnson Controls, the Dow Chemical Company, FedEx Corporation, Merck & Co., Massachusetts Mutual Life Insurance Company, and Best Buy Co. offer HSA plans; whereas Pfizer, Lockheed Martin Corporation, Tyson Foods, and the Goldman Sachs Group do not.

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Fortune 1000s with HSA Ranks 78-102

The required details for Fortune 1000s from ranks 78-102 have been populated in the attached spreadsheet.

METHODOLOGY

The companies ranked between 78 and 102 were obtained from the Forbes 1000 list. We first looked for the HSA offerings information on company websites. Only in some cases did we find all required information directly from the company website. When we failed to find information on the company website, we searched for company-specific HSA information on the website of the health plan provider for the company. Despite this, there were some companies for which we did not find any information. 

This led us to search some sites like benefitspro.com that only divulge details on whether a company has an HSA plan and not whether it also offers non-HSA plans. Failing all this we made generic searches on Google, which in most cases did not fetch any more relevant information than what we came across otherwise. Companies for which no information was found have been marked as N/A. 

The employee count mentioned for most companies is the global employee count. The top-ranking Fortune 1000 companies are all global companies and do not disclose US specific employee count on their websites. US employee count for individual companies may have to be triangulated and therefore cannot be done in the available time. We have obtained global employee count of companies from Owler.

CONCLUSION

As required, all available information pertaining to companies ranked 78 to 102 have been entered in the attached spreadsheet.

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Fortune 1000s with HSA Ranks 103-127

SUMMARY
We have determined if the companies ranked 103-127 in the Fortune 1000 list in rows 105-129 of the spreadsheet offer their employees HSA (Health Savings Account) as a part of their health care benefits package and entered our result in the spreadsheet as requested.

For each company, we researched its healthcare benefits package to determine if it offered HSA. Where we were unable to find its health benefits package, we looked at current employee reviews, SEC filings, and other media reports to determine if HSA is offered to its employees. We also reported details of the HSA where available. For companies that offer HSA, we also completed columns B-H as requested. We have entered all our findings into the spreadsheet as requested. 

CONCLUSION
To wrap, we have completed rows 105-129 of the attached spreadsheet. 

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Fortune 1000s with HSA Ranks 128-152

HSAs are an extremely popular benefit, as shown by the fact that only six of the companies ranked between 128 and 152 on the Fortune 1000 list do not offer them: Emerson Electric, Union Pacific, Aflac, Tenet Healthcare, Paccar Inc, and Xerox. All the other companies in that section of the list do offer HSAs to at least some of their employees. Details for each company can be found in the attached spreadsheet, in which I have provided details of the name, website, and HSA offerings of each company ranked between 128 and 152 on the Fortune list, as well as plan details, company headquarters, and employee numbers for those companies which do offer HSAs. 

hsa offeringsEmerson Electric, Union Pacific, Aflac, Tenet Healthcare, Paccar Inc, and Xerox do not offer their employees HSAs as part of their benefits package, while Amgen, US Bancorp, Staples, the Danaher Corporation, the Whirlpool Corporation, AutoNation, the Progressive Corporation, Abbott Laboratories, the Dollar General Corporation, Eli Lilly & Co, Southwest Airlines, Penske Automotive, ManpowerGroup, the Kohl's Corporation, Starbucks, Cummins, Altria Group, Kimberly-Clark, and The Hartford Financial Services Group do. 

conclusionMost of the companies ranked between 128 and 152 on the Fortune 1000 list offer HSA plans to their employees, as detailed in the attached spreadsheet. The same spreadsheet also gives further information on the plans of those companies which do offer HSAs, along with the headquarters and number of employees for those companies, and the sources which I used to gather this information. 

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Fortune 1000s with HSA Ranks 153-177

Lear Corporation, The Kraft Heinz Company, Fluor Corporation, AECOM, CenturyLink, General Mills, Thermo Fisher Scientific, American Electric Power Company, The PNC Financial Services Group, and Freeport-McMoRan offer a health savings account (HSA).

Our findings are available in rows 155-179 of the attached spreadsheet. 
FINDINGSAfter an extensive search through each company's website, annual reports, wellness programs and, benefits page, we found that while a number of the companies listed in the attached spreadsheet, rows 155-179, offer a health savings account (HSA), most do not. Additionally, some offer a flexible spending account (FSA). It is worth noting that while the HSA and the FSA are similar in that the FSA "offers the same savings and pretax benefits as an HSA," for someone who has a "higher cost health plan;" the major difference is that with the FSA one can only contribute a maximum of $2,500 a year and "funds don't roll over if you don't use them." Unlike the FSA, a HSA has more flexibility. 
COMPANIES OFFERING AN HSA• The Kraft Heinz Company
• Lear Corporation
• Fluor Corporation
• AECOM
• CenturyLink
• General Mills
• Thermo Fisher Scientific
• American Electric Power Company
• The PNC Financial Services Group
• Freeport-McMoRan
COMPANIES NOT OFFERING HSA• Facebook
• Jabil Circuit
• Supervalu offers an FSA
• The Southern Company
• NextEra Energy offers an FSA.
• PG&E Corporation
• NGL Energy Partners LP
• Bristol-Myers Squibb Company
• The Goodyear Tire & Rubber Company
• Nucor Corporation offers an FSA.
• Health Net
• Micron Technology
• Colgate-Palmolive Company
• The Gap
SummaryThe companies offering an HSA are Lear Corporation, The Kraft Heinz Company, Fluor Corporation, AECOM, CenturyLink, General Mills, Thermo Fisher Scientific, American Electric Power Company, The PNC Financial Services Group, and Freeport-McMoRan. Additional information is available in rows 155-179 of the attached spreadsheet.

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Fortune 1000s with HSA Ranks 178-202

Rows 180-204, columns B-H of the attached spreadsheet were completed with all the requested information. We searched through company websites of Fortune 1000 companies to note whether they provided health savings accounts (HSA). We then searched for their plan notes, company headquarters, and employee numbers for every company ranked 178-202 on the Fortune list. 
MeTHODOLOGY & FINDINGSA few companies' HSA plans and other health plans were not available therefore, we searched Glassdoor reviews and found benefit plans given to the employees and thus have been included in the sources. We discovered that only eight of the companies on this portion of the research did not offer HSA plans.  Those companies are Dollar Tree, PPG Industries, Icahn Enterprises L.P., Western Digital Corporation, Marriott International, Office Depot, and Nordstrom.
CONCLUSIONRows 180-204, columns B-H were completed on the attached spreadsheet. We were able to locate eight companies for this portion of the research request that did not provide HSA plans to their employees.

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Fortune 1000s with HSA, Ranks 203-227

The required details for Fortune 1000s from ranks 203-227 have been populated in the attached spreadsheet. Below you will find the methodology we adopted to gather the required information.

METHODOLOGY

The companies ranked between 203 and 227 were obtained from the Fortune 1000 list. We first looked for the HSA offerings information on company websites. Only in some cases did we find all required information directly from the company website. When we failed to find information on the company website, we searched for company-specific HSA information on the website of the health plan provider for the company. Despite this, there were some companies for which we did not find any information at all. 

This led us to search some sites like BenefitsPro and Glassdoor. Failing all this we made generic searches on Google, which in most cases did not fetch any more relevant information than what we came across otherwise. Companies for which no information was found have been marked as N/A. 

Any information we came across on company websites have been assumed to be updated for the year 2018, unless otherwise mentioned. Also, all the information obtained from the benefits pro website is dated 2017, therefore, it is assumed to be relevant to 2017.

The employee count mentioned for most companies is the global employee count. The top-ranking Fortune 1000 companies are mostly global companies and do not disclose US specific employee count on their websites. US employee count for individual companies may have to be triangulated and therefore cannot be done in the available time. We have obtained global employee count of companies from Owler and the Forbes 2000 Global list.

CONCLUSION

As required, all available information pertaining to companies ranked 230 to 227 have been entered in the attached spreadsheet.

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Fortune 1000s with HSA Ranks 228-252

Rows 228-252 of the attached spreadsheet have been filled with Fortune 1000 companies, as well as their website, whether they offer HSA and details on the offering, and the company's headquarters location.
OVERVIEWFortune 1000 companies in rows 228-252 include J.C. Penney Company, Consolidated Edison, Cognizant Technology Solutions Corporation, V.F. Corporation, Ameriprise Financial, Computer Sciences Corporation, L Brands, Jacobs Engineering Group, Principal Financial Group, Ross Stores, Bed Bath & Beyond, CSX Corporation, Toys "R" Us, Las Vegas Sands Corp., Leucadia National Corporation, Dominion Resources, United States Steel Corporation, L-3 Communications Holdings, Edison International, Entergy Corporation, Automatic Data Processing, First Data Corporation, BlackRock, WestRock Company, and Voya Financial.

Companies that offer HSA are Computer Sciences Corporation, Jacobs Engineering Group, CSX Corporation, Toys "R" Us, Leucadia National Corporation, Dominion Resources, First Data Corporation, BlackRock, and Voya Financial. The rest of the companies do not offer HSA.

 Toys "R" Us recently announced they are closing all their US stores and letting workers off. However, they still list the HSA plan under their benefits. 
CONCLUSIONWe filled rows 228-252 of the attached spreadsheet with the corresponding Fortune 1000 companies, and the details on their HSA plans, employee count and HQ locations. 