Oregon – ABLE Savings Plan
Oregon ABLE Savings Plan (click to open an account)
Status: Open for Enrollment
State Program Manager: Sumday, a division of BNY Mellon
State Account Limit: $400,000
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 and DFA: “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
FDIC Insured: Yes.
Oregon Senate Bill 777 implemented the Federal ABLE Act in Oregon.
Account Disclosure Document(s):
Program at a Glance
Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
Is there an annual set fee to maintain the account? If so, how much?
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. $1.25 per month
Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so?
- Fee Range
Annual Maintenance Fee:
Debit Card Fee:
Investment Option Fee Range:
Between .3% to .37% See state's ABLE Plan Disclosure Documents and Investment Performance Report for detailed information.
ABLE Account Transfer Fee:
Withdrawal Transaction Fee:
No fee for withdrawals
- Annual Maintenance Fee: