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What investment options are available with a VEBA?
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- What investment options are available with a VEBA?
- VEBA plans also provide investment opportunities for employees to help them plan for future medical expenses, possibly in retirement. Money allocated to the employee’s VEBA account is known as the VEBA base balance. This base balance is used to reimburse employees for eligible medical expenses. Once an employee’s VEBA base balance exceeds $1,000, they can open a VEBA basic investment account.
A wide variety of pre-selected mutual funds are offered by Further. Devenir Investment Advisors, LLC, a registered investment advisor, is Further’s investment advisor for the optional investment program. See the list of VEBA mutual funds.