Program Name: Enable Savings Plan Alabama (click to open an account)
Status: Open for Enrollment
State Program Manager: First National Bank of Omaha
State Account Limit: $400,000
Accepts Out Of State Residents: Yes
Annual Contribution Limit: $15,000 (This limit is a Federal limit that is required of all states and does not include additional ABLE to Work contributions)
ABLE To Work Act Contribution: An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,760 for residents of the 48 contiguous states; $15,950 for Alaska; or $14,680 for residents of Hawaii.
Number Investment Options: 5
Program Investment Institution(s): Vanguard
Debit Card Or Prepaid Card: Yes
Withdrawal Hold Rules: Yes.   5-6 business days after contribution and 10 business days for change of address of account holder.
Medicaid Estate Recovery Status: No current legislation on Medicaid Estate Recovery
State Income Tax Deduction: No.
FDIC Insured: Yes. FDIC insurance is provided for the Bank Savings and Checking option up to $250,000 subject to certain restrictions
ABLE Legislation:


Alabama Senate Bill 226 implements the federal ABLE act in Alabama

Account Disclosure Document(s):

Please See Plan Disclosure Document

Additional Information:

There is no charge to use Fifth Third ATMS or partner ATMS.

Program at a Glance

  • Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
    Yes. $50.
  • Is there a required minimum contribution to your account? If so, what is the amount?
    Yes. $25.
  • Is there an annual set fee to maintain the account? If so, how much?
    Yes. The current account Maintenance fee is $45 annually, payable at $11.25 per quarter
  • Are there fees or restrictions to the number of disbursement you are allowed? If so, what are they?
  • Is there a “debit card/purchasing card” available with the program? If so, what is the added cost?
    Yes. $0
  • Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so?
    Yes. $0.
  • Fee Range
    • Annual Maintenance Fee:
      The current account Maintenance fee is $45 annually, payable at $11.25 per quarter.
    • Check Fee:
      $6.00 for a box of 50 checks
    • Debit Card Fee:
    • Investment Option Fee Range:

      Please See Plan Disclosure Document

    • Statement Fee:
      $2.00 per month, unless set up for electronic statement or maintain an average monthly balance Checking Investment Option of $250.
    • ABLE Account Transfer Fee:
    • Withdrawal Transaction Fee:
      $2 monthly fee is associated with utilizing the debit card option. However, the fee can be waived with an average daily balance over $250.
  • Are there other characteristics unique to your program?

    Enable Savings Plan Alabama are open to in-state and out-of-state residents. The plan offers five investment options to best suit your needs;Growth, Moderate and Conservative; a Bank Savings option ;and a Checking Investment Option that comes with a free debit card. Gifts may be made through a gift contribution coupon or by using the U-gift online gifting service.

Enable Savings Plan Alabama (click to open an account)
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