Risk Factors Update Summary
- The success of recent acquisitions depends on integration efforts. Significant turnover in technology-related fields poses a risk.
- Failure to adequately place and safeguard HSA cash and Client-held funds could materially affect business. This includes an increase in HSA cash held by insurance company partners from 33% to 39%.
- Compliance with privacy laws and regulations is a priority. New state and federal privacy laws may expand consumer rights.
- A decline in interest rates could reduce income on HSA Assets. Interest rates decreased from 27% to 30%.
- Transitioning to new service providers could be disruptive. It may take a significant amount of time.
- Failure to comply with payment card industry rules could adversely affect revenue and operations. Compliance is crucial for financial condition.
- Increased reliance on third-party service providers for call centers and processing could impact service quality.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1428336&owner=exclude
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