Wonder

Fortune 1000s with HSAs Part 3

Delivered March 21st, 2018. Contributors: Kristin B., Tarik T., Lu J., Sweta S., Kihye H., Megan L., Varun N., Pamela E., Sam R., Les and

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Fortune 1000s with HSA Ranks 503-527

The 25 companies in rows 505 to 529, representing rankings 503 to 527 span a wide range of markets and localities. Benefits packages vary, as expected. Most of these companies d not offer an HSA, though some offer other spending accounts. The four companies that did offer HSAs (Leidos Holdings, Harris Corporation, NVIDIA Corporation, and M&T Bank Corporation) offered little information about these plans. The remaining companies opted to not provide employees' health benefits to the public, or not publicize any benefits information at all. All requested information can be found in the attached spreadsheet. 
Findings Two of the four companies who provide HSAs for their employees note that the company may (or will) deposit money into those accounts to contribute to qualifying medical expenses. However, the other two HSA providers gave minimal information about the benefit, making it difficult to pinpoint details for comparison.

The majority, though, appear to not offer HSAs, potentially offering other spending accounts in lieu of HSAs. Many companies did not include information about their workforce. The three companies that did not have the HSA benefit information available included Brookdale Senior Living, Juniper Networks, and Liberty Media Corporation. 
ConclusionResearching this particular group of Fortune 1000 Companies showed that only a few provided Health Savings Accounts, often with limited details about the benefit. The remainder either did not offer the benefit, or failed to advertise the benefit. All information has been updated in the attached spreadsheet (rows 505 to 529). 

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Fortune 1000s with HSA Ranks 528-552

The majority of Fortune 1000 companies in the US ranked 528-552 provide Health Saving Accounts (HSA) as one of their benefits to employees. From 24 companies, only 9 do not offer HSAs or do not provide publicly available information about their HSAs. The name of the company, website, headquarters, number of employees, sources, and whether they provide HSAs are provided in the attached spreadsheet, between rows 530-554.

Companies have various policies concerning their HSA plans, with various contributions and plans offered. The conditions they set to give their employees access to an HSA also vary. Activision Blizzard employees need to have a Collective Health CDHP to qualify for an HSA, Westlake Chemical Corporation employees need to enroll before 1rst of January and Caesars Entertainment Corporation employees have to open an HSA within 90 days to benefit from company contributions. This information is provided in the notes in column E for companies between rows 530-554 in the attached spreadsheet, along all the other information.

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Fortune 1000s with HSA Ranks 553-577

Rows 553-577 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 553-577 include Cerner Corporation, Coty, The Valspar Corporation, SCANA Corporation, Bloomin' Brands, MDU Resources Group, Patterson Companies, Orbital ATK, Factory Mutual Insurance Company, Hyatt Hotels Corporation, CA, VWR Corporation, Science Applications International Corporation, CF Industries Holdings, McCormick & Company, LPL Financial Holdings, Alon USA Energy, Swift Transportation Company, Calumet Specialty Products Partners, MasTec, T. Rowe Price Group, Coach, The Andersons, Toll Brothers, and Graphic Packaging Holding Company.

Companies that offer HSA are SCANA Corporation, Patterson Companies, Orbital ATK, Science Applications International Corporation, McCormick & Company, LPL Financial Holdings, Swift Transportation Company, and T. Rowe Price Group.

Swift Transportation Company offered an HSA plan in 2017, which was listed in a press release.  We found no proof that there is HSA offered in 2018.

The rest of the companies do not offer HSA.
CONCLUSIONWe filled rows 553-577 of the attached spreadsheet with the corresponding Fortune 1000 companies, and the details on their HSA plans, employee count and HQ locations. 

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Fortune 1000s with HSA Ranks 578-602

The required details for Fortune 1000s from ranks 578-602 have been populated in the attached spreadsheet. 

The companies ranked between 578 and 602 were obtained from the Forbes 1000 list. After an extensive search through each company's website, annual reports, wellness programs and, benefits page, I found that while a number of the companies listed in the attached spreadsheet with rank 578-602, offer a health savings account (HSA), most do not. 

COMPANIES OFFERING AN HSAHexion
Bemis Company
Tesla Motors
Agilent Technologies
Torchmark Corporation

The rest of the companies do not offer HSA.

CONCLUSION
As required, all available information pertaining to companies ranked 578-602 have been entered in the attached spreadsheet.

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Fortune 1000s with HSA Ranks 603-627

The information is found in the attached spreadsheetfor the Fortune 1000 companies ranked 603-627 and their HSA information, contained on rows 605-629 and columns A-H.
NotesMany companies did not list their employee benefits and numbers on their company website.  This is the order of preference: 

1) If it was directly affiliated with the company (e.g. Fiscal Year Annual Reports, subsidiary reports on employee benefits, PDFs of old company brochures)
2) If it was listed by accredited, trustworthy source (e.g. Wall Street Journal, company stock profiles)
3) Crowdsourced information (LinkedIn, Glassdoor)

This order determined what information was recorded, if there were multiple sources.  For example, company stock profile information on employee numbers is extremely current.

Crowdsourced information was a method of last resort for two kinds of cases.  In the first case, if a company no longer exists in 2018 as it did in 2016, sometimes the only record of employee numbers available was through LinkedIn. In the second case, if there was no other found information on employee benefits, the listed benefits on Glassdoor were searched and only reported if it were marked as "employer verified."

Finally, most companies did not indicate the breakdown of their employees' nationalities. If it was stated that the number was global, it is indicated as such on the spreadsheet.  

Company specific notes AAM and Dynegy used the phrase "Healthcare Spending Accounts" but defined them much like an HSA.

 WhiteWave Food Company was acquired by Danone in 2016.  The acquisition was completed in 2017.

 Allegheny Technologies gave a rough estimate of 15% of around 8,500 employees as located outside of the US.  Thus, 8,500 — (8,500 * 0.15) = 7,225 as recorded on the spreadsheet.

 HSN was acquired by Liberty Interactive.  The acquisition completed in 2017.

 Towers Watson merged with the Willis Group in 2016.

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Fortune 1000s with HSA Ranks 628-652

The attached spreadsheet contains the names and websites of the top 628-652 companies on the 2016 Fortune 1000 list, with a Y or N as it pertains to their offerings of an HSA (Health Savings Account). For the companies that do offer an HSA, their employee count and headquarters location have been given, as well as any basic overview information as it relates to the HSA details (e.g. if a plan year is available, any requirements to qualify, etc.). Below is a list of the included companies, with more details given for those that either A, do not offer an HSA, or B, if it was unable to be found with publicly available information. 
COMPANY CATEGORIESOFFER AN HSA:
Team Heath Holdings
Sprouts Farmers Market
Roper Technologies
First Solar
ADT Corporation
Builders FirstSource
American Eagle Outfitters
Regal Beloit Corporation
COUNTRY Financial
Tailored Brands
ON Semiconductor Corporation
Moody's Corporation

DO NOT OFFER AN HSA:
Snap-On Incorporated
Pitney Bowes
Molson Coors Brewing Company
CalAtlantic Group
Martin Marietta Materials
Hub Group
Meritor

UNABLE TO DETERMINE HEALTHCARE OFFERINGS DUE TO INSUFFICIENT PUBLICLY AVAILABLE INFORMATION FROM REUPTABLE SOURCES:
Greif
Lexmark International
Carlisle Companies Incorporated
Abercrombie & Fitch Co.
Pinnacle West Capital Corporation
Ventas
FORTUNE 1000 COMPANIES WITH NO HSA
 GREIF 
Healthcare information for employees at Greif is not publicly available, due to a lack of information on site. Further, it should be noted that this information may be hard to find due to the name of the company, as it is closely related to “grief”, and numerous information is available for grief-related health wellness options. 

 SNAP-ON-INCORPORATED
An HSA is not publicly listed as a benefit with Snap-On Incorporated.
 
 PITNEY BOWES	
An HSA is not publicly listed as a benefit with Pitney Bowes.

 MOLSON COORS BREWING COMPANY
An HSA is not publicly listed as a benefit in their employee benefit handbook from 2017.  

 LEXMARK INTERNATIONAL
No publicly available healthcare information can be found from a reputable source. Further, it should be noted at a 7-digit employee ID is required to access their healthcare information portal. 

 CARLISLE COMPANIES INCORPORATED
No publicly available healthcare information from a reputable source.

 CALATLANTIC
No publicly available healthcare information from a reputable source regarding CalAtlantic health insurance. It was announced in 2017 that CalAtlantic was being acquired by Lennar Corporation. By looking at healthcare information for Lennar employees, we see that an HSA is not an offered benefit, and can conclude that CalAtlantic does not offer an HSA to their employees. 

 MARTIN MARIETTA MATERIALS
It is noted through their list of employee benefits, as well as the details of their healthcare plans through BCBS, that an HSA is not offered. 

 HUB GROUP
It is noted through their list of employee benefits on site that an HSA is not offered. 

 ABERCROMBIE & FITCH CO.
No publicly available healthcare information for Abercrombie & Fitch Co. from a reputable source is available. 

 MERITOR
It is noted through their list of employee benefits that an HSA is not offered; however, a flexible spending account is an offered benefit.
 
 PINNACLE WEST CAPITAL CORPORATION
No publicly available healthcare information is available from a reputable source.

 VENTAS
No publicly available healthcare information is available from a reputable source.
SUMMARYOf the reviewed Fortune 1000s companies, ranks 628-652, 12 of them offer HSA plans to their employees, while 7 do not offer an HSA, and the remaining 6 do not have enough publicly available information from reputable sources to determine a yes or no answer. 

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Fortune 1000s with HSA Ranks 653-677

The required details for Fortune 1000s from ranks 653-677 have been populated in the attached spreadsheet.

METHODOLOGY

The companies ranked between 653 and 677 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 at all. 

This led us to search some sites like benefitspro.com and glassdoor.com. 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 653 to 677 have been entered in the attached spreadsheet.

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Fortune 1000s with HSA Ranks 678-702

Of the 25 Fortune 1000 companies ranked 678-702, 15 do not offer their employees HSA plans while 10 either do or probably do.
The homepage, status of HSA plan availability, and other requested information for these companies has been compiled and entered into the attached spreadsheet.

Methodology and findingsThe requested information was largely found on pages located within each company's website. When the information was found not to be available there, other sources were searched for and used. These additional sources have been included both below and in the attached spreadsheet. Each company separate source detailing HSA plan availability and the current number of employees. 

COMPANIES WITH HSA PLANS
The following companies stated that they have HSA plans available for employees along with a variety of other health insurance and wellness benefits they offer their employees but did not provide detailed information about the plans in publicly accessible areas:

Skyworks Solutions 
TD Ameritrade Holding Corporation
TEGNA
Groupon
Worldpay (FKA Vantiv)
Huntington Bancshares Incorporated
EchoStar Corporation 

Of these companies, only EchoStar provided information beyond simply state that HSA plans are available. EchoStar also stated that employees who choose to enroll in an HSA plan have opportunities to earn employer contributions. 

The following companies state that they provide Heathcare and
Dependent Care Spending Accounts. While these companies do not name which specific types of spending accounts they offer, it can be reasonably assumed that an HSA may be included and for that reason I have included these companies among those with HSA plans. 

Nature's Bounty (NBTY)
Helmerich & Payne
Brown-Forman 

COMPANIES WITHOUT HSA PLANS
According to publicly available information, the following companies do not include HSA plans as part of the health insurance and wellness benefits they offer employees. 

Alliant Energy Corporation
IAC/InterActiveCorp
Fossil Group
ScanSource
TreeHouse Foods
Aleris Corporation
Aaron's
Komatsu Mining (FKA Joy Global)
Ryerson Holding Corporation
HealthSouth Corporation
Sketchers U.S.A.
American Water Works Company
Steward Health Care (FKA Iasis Healthcare)
Tempur Sealy

ConclusionTo wrap it up, Of the 25 Fortune 1000 companies ranked 678-702, 15 do not offer their employees HSA plans while 10 either do or probably do. The homepage, status of HSA plan availability, and other requested information for these companies has been compiled and entered into the attached spreadsheet.

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Fortune 1000s with HSA Ranks 703-727

Within Fortune 1000 companies ranked 703 to 726 in 2016, about half offered employees Health Savings Accounts (HSAs).  The specific breakdown was that 13 did not provide HSAs while 12 did.

SOURCES
The associated spreadsheet provides additional details about the companies included in this set. The data about the companies was available from a collection of sources that included the respective companies' websites and external sources such as the Wall Street Journal site, the Fortune site, the Forbes site, and the Statista site.

CONCLUSION
The associated spreadsheet provides further details about the HSA offerings of each company in this set where such details are available.

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Fortune 1000s with HSA Ranks 728-752

Nine of the Fortune 1000 companies ranked between 728-752 offered their employees health savings accounts (HSA). The details for each company, ranked between 728-752, is documented in the attached spreadsheet between rows 730-754. 

Spreadsheet summaryEmployee benefit information was collected from partnering insurance sites or sites that provide feedback on company benefits from their employees. Bloomberg and sites similar to it were used to obtain the number of employees and headquarter locations for each company.

When there was no evidence of HSA offerings, we recorded "N" in the HSA offered column for each firm. Only the sources with pertinent information were recorded into the spreadsheet and documented below.

There was an "out-of-business" status recorded for the Northern Tier Energy company and that is noted in the spreadsheet.  Also, Warner Music Group is listed as a subsidiary of Access Industries, Inc which did not offer HSA coverage.

 Gannett Co. offered their new "HDHP" plan in 2017 and they saw an increase of 22% in HSA enrollments. The Stericycle company will pay some or all covered costs, but the in-network doctor or hospital may use an out-of-network provider if necessary.

 Cooper Tire & Rubber Company only provides HSA plans to employees who are signed with Consumer Choice instead of a traditional PPO.

Conclusion:The Fortune 1000 companies ranked 728-752 only had HSA plans in place for nine companies. The details for each company, ranked between 728-752, is documented in the attached spreadsheet between rows 730-754.