Missouri

Program Name: MO ABLE (click to open an account)
Status: Open for Enrollment
State Program Manager: Intuition ABLE Solutions, LLC
State Account Limit: $468,000
Accepts Out Of State Residents: No
Annual Contribution Limit: $15,000
ABLE To Work Act Contribution: 12140
Number Investment Options: 4
Program Investment Institution(s): Vanguard Group, Inc. and Fifth Third Bank: “Except to the extent of the Federal Deposit Insurance Corporation (FDIC) insurance provided for the debit/checking option, ABLE accounts will be subject to investment risks, including loss of the principal amount invested.”
Debit Card Or Prepaid Card: Yes
Withdrawal Hold Rules: Yes
State Income Tax Deduction: Yes. Missouri offers an annual state income tax deduction of up to $8,000 for single filers and $15,000 for joint filers.
FDIC Insured: Yes.
ABLE Legislation:

Missouri Revised Statutes §§ 209.605-209.645 establishes the rules for MO ABLE

Account Disclosure Document(s):

Account Disclosure Document


Additional Information:

Missouri Revised Statutes §§ 209.605-209.645 establishes the rules for MO ABLE.

Program at a Glance

  • Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
    Yes. $50.
  • Is there an annual set fee to maintain the account? If so, how much?
    Yes. The current account maintenance fee is $42 per year, payable at $3.50 per month.
  • Are there fees or restrictions to the number of disbursement you are allowed? If so, what are they?
    No.
  • 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 $42 per year, payable at $3.50 per month.
    • Check Fee:
      $0
    • Debit Card Fee:
      $0
    • Investment Option Fee Range:
      $1.90 to $3.30 on $1,000 investment per year. See state's ABLE Plan Disclosure Documents and Investment Performance Report for detailed information.

      Account Disclosure Document

    • Statement Fee:
      $10 annually (print/mail); $0 electronic statement
    • ABLE Account Transfer Fee:
      $0
    • Withdrawal Transaction Fee:
      No ATM use
  • Are there other characteristics unique to your program?

    STABLE Account is the national ABLE savings program administered by the Office of the Ohio Treasurer of State. Through its partner state model, Missouri residents have access to a program that features the best customer service and offers ease of enrollment, unsurpassed website accessibility, an online portal to manage your account, some of the lowest investment management fees in the country, payroll deduction / direct deposit, and a loadable debit card with customizable spending controls and transactional recordkeeping.

MO ABLE (click to open an account)
Scroll Up