Open an ABLE Disability Savings Account

Bank Checking

The Checking Investment Option provides FDIC insurance for your investment and allows you to write a check or use a debit card to withdraw funds from the Checking Investment Option. All deposits must be made directly to the Plan and not through an ATM machine or by walking into a bank. You cannot use your check or debit card from the Checking Investment Option to withdraw from any other Investment Option. This Option can be used to pay for daily and repetitive expenses.

The daily ATM transaction limit for the debit card is $810 and will assess a fee of $3.00 for out-of-network (Non-Fifth Third ATMs) transactions: balance inquiries, transfers, withdrawals, and purchases made at an atm.

The daily point of purchase sale transaction limit for the debit card is $5,000.00.

To see local locations, visit: https://locations.53.com/search.html.

Cash: 100% Checking Option (FDIC Insured)

Bank Savings

This Bank Savings Option provides FDIC insurance for your investment. It offers a guaranteed return (earnings) on your investment and the stability of knowing your principal investment may not lose its value. Investments in the Bank Savings Option will earn varying rates of interest. The interest rate generally will be equivalent to short-term deposit rates. Contributions to and earnings on the investments in the Bank Savings Option are insured by the FDIC¹ on a per participant, pass-through basis to each account owner up to the maximum amount set by federal law, currently $250,000. The Bank Savings Option does not provide a guarantee of any level of performance or return or offer any additional guarantees. This Option may be appropriate if you want the security of a safe investment and your time horizon is less than 5 years.

Cash Equivalent: 100% Bank Savings (FDIC Insured)

Target-Risk Investment Options

The Growth Option, Moderate Option and Conservative Option can be used for expenses that you might need in the future – greater than 5 years from now.

For each Option, our professional investment team selected low-cost Vanguard index funds (each an “underlying fund”) from different asset classes – equity, fixed income or cash equivalents. The investment team then determined the appropriate allocation into each underlying fund to provide a balance between investments that have the potential for higher return and higher risk with investments that might have the potential for lower return and less risk. The allocations to the underlying funds are continually reviewed to ensure that each Option continues to meet its investment goals and balance between performance and risk.

For additional information to include strategy details and risks, visit the Investments heading: https://www.enablesavings.com/home/investments.html

Conservative

The Conservative Investment Option seeks to provide current income and some growth by investing 30% of its assets in diversified investments of domestic and international equity funds (stocks), 40% in fixed income funds and 15% in inflation-protected securities (bonds), and 15% in money market funds (cash equivalents). This Investment Option may be appropriate for those who will be investing for five years or less, or if your primary investment objective is low risk with a minimal potential risk for loss.

Moderate

The Moderate Investment Option seeks to provide a combination of growth and current income by investing 60% of its assets in diversified investments of domestic and international equity funds (stocks), 35% in fixed income funds (bonds), and 5% in money market funds.

This Investment Option may be appropriate for those who will be investing for 5 years or more, want moderate growth, and seek lower risk and fluctuation than the Growth Investment Option.

Growth

The Growth Investment Option seeks to provide the potential to grow your investment by investing 80% of its assets in diversified investments of domestic and international equity funds (stocks), and 20% in fixed income funds (bonds). Investing in stocks is generally more risky, but has the potential for a better return on your investment than investing in bonds. This Investment Option may be appropriate for those who will be investing for 10 years or more, want the potential to grow their investment, but are willing to tolerate market fluctuation and risk.

Aggressive

*Coming soon!