Case Study: Wealthfront achieves six-figure health plan savings with Lumity, Inc.

How Wealthfront Realized Six-Figure Health Plan Savings

Wealthfront, a Palo Alto financial‑services company, faced rising benefits costs after growing beyond 100 employees and found its PEO model cost‑prohibitive. The company wanted to avoid increasing overhead while improving employee benefits, but struggled to quantify the advantages of moving to a high‑deductible health plan paired with HSAs. Lumity, Inc. was engaged to evaluate and optimize their benefits strategy.

Lumity, Inc. analyzed Wealthfront’s anonymized census data, modeled current versus expected health expenses, and reallocated forecasted savings into partially funded employer HSA contributions to drive HDHP uptake. Lumity also provided clear enrollment education, year‑round benefits advocates, payroll setup and ancillary benefit administration, and vendor assessment for workers’ comp. The results: nearly $120k in annual savings, a 50% rise in HSA participation, an additional ~$100k saved on workers’ comp, improved plan quality, and real‑time benefits expense visibility for the CFO.

Wealthfront

Ashley Johnson

Chief Financial Officer