HealthEquity Inc. has agreed to acquire the assets of BenefitGuard LLC, an Orem, Utah-based 401(k) solutions specialist.

The transaction is subject to closing conditions and is expected to close in the third quarter of fiscal 2017. HealthEquity will retain the team members of BenefitGuard post closing, led by CEO Matt Bradley.

HealthEquity also announced that it is rolling out a new suite of 401(k) services that could be integrated with health savings accounts and other consumer-driven health accounts.