What is the fee structure for the Alabama ABLE accounts?

The annual Account Maintenance Fee is $35 (assessed $8.75 quarterly). There is no enrollment, investment change, transfer or distribution fee. The Investment option cost range of 0.30%-0.34% includes a .30% program management fee to cover administrative costs of overseeing, distributing and marketing the plan. There are additional fees for certain types of activity-based transactions. For example, if you choose to make a rollover out of the plan, the fee is $50, or if you choose to receive paper statements, an additional $10 annual fee will be assessed to your ABLE account.

The complete fee structure is found on pages 43-45 of the Alabama ABLE Plan Disclosure Booklet.

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Sign up and start saving

Once you are ready to open an account, you can do so here online. When opening an Alabama ABLE account, be sure to have information about the beneficiary, qualifying disability, and how the ABLE account will be funded. Learn more about who can open an account and all the benefits of having one — or if you’re ready to get started, open one today!

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Have specific questions?

Here are a few ways to get answers: Give us a call Monday through Friday, at 1-833-711-2253 from 8am-7pm CT, use our Live Chat feature in the bottom right of your screen (when available), or browse Frequently Asked Questions.

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