That's great news. Is it admiral after you have $10,000 in S&P 500, or is it admiral from 1st dollar?
Also, any changes to minimum balances required in cash accounts before you can start investing? Can you post contents of that email, I couldn't find it in my Inbox.
If I read it right, I don't believe there is a minimum balance required. Here's the contents of the email.
We are excited to announce that we are changing to Admiral and Institutional Class Shares on some of the mutual funds in our Standard HSA offering. This change provides you with the following benefits:
A competitive offering of mutual fund options
Lower expense ratios than investor class shares
There is no action required by you; however, you should take note of the following important dates. During the week of April 20, 2015, the following investment transactions will be impacted during this transition:
Sells/transfers out of the six identified funds:
From April 22 at 4 p.m. ET until approximately 12 p.m. ET April 24, account holders with money invested in these funds will be unable to sell these specific funds. During this time, these funds will not be visible on the website.
Buys/transfers into the six shares with new classes:
Account holders will see the new fund options April 23 at 4 p.m. ET. Balances in a corresponding investor class share will not be visible until the transition is completed at approximately 12 p.m. ET April 24.
Below is a table outlining the new share class for your reference:
Current Share Class
Mutual Fund Family Mutual Fund Name Share Class CUSIP Ticker Symbol Expense Ratio
Vanguard Vanguard S&P 500 Investor 922908108 VFINX 0.17
Vanguard Vanguard Small Cap Investor 922908702 NAESX 0.24
Vanguard Vanguard Mid Cap Investor 922908843 VIMSX 0.24
Vanguard Vanguard Wellington Investor 921935102 VWELX 0.26
Vanguard Vanguard Equity-Income Investor 921921102 VEIPX 0.30
Neuberger Berman Neuberger Berman Genesis Investor 641224100 NBGNX 1.01
New Share Class
Mutual Fund Family Mutual Fund Name Share Class CUSIP Ticker Symbol Expense Ratio
Vanguard Vanguard S&P 500 Admiral 922908710 VFIAX 0.05
Vanguard Vanguard Small Cap Admiral 922908686 VSMAX 0.09
Vanguard Vanguard Mid Cap Admiral 922908645 VIMAX 0.09
Vanguard Vanguard Wellington Admiral 921935201 VWENX 0.18
Vanguard Vanguard Equity-Income Admiral 921921300 VEIRX 0.21
Neuberger Berman Neuberger Berman Genesis Institutional 641233200 NBGIX 0.84