Program Name: ABLE TN (click to open an account)
Status: Open for Enrollment
State Program Manager: State of Tennessee Department of Treasury
State Account Limit: $350,000
Accepts Out Of State Residents: No
Annual Contribution Limit: $15,000
ABLE To Work Act Contribution: 12140
Number Investment Options: 14
Program Investment Institution(s): The Tennessee Treasury Department, with offerings from Vanguard, PRIMECAP, Dimensional Fund Advisors and First Tennessee 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: No
Withdrawal Hold Rules: Yes
State Income Tax Deduction: No. There is no state income tax for residents of Tennessee.
FDIC Insured: Yes.
Account Disclosure Document(s):

Account Disclosure Document

Program at a Glance

  • Is there an initial minimum contribution requirement to open an ABLE account? If so, how much?
    Yes. $25.
  • 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?
  • 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:
    • Debit Card Fee:
    • Investment Option Fee Range:
      $0 - $62 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:
    • ABLE Account Transfer Fee:
    • Withdrawal Transaction Fee:
  • Are there other characteristics unique to your program?

    ABLE TN offers 14 investment choices. The program is administered by the Tennessee Treasury Department which is responsible for managing the investment of roughly $50 billion in assets. Investment performance is monitored by Treasury Investments staff and a third party investment advisory firm.

ABLE TN (click to open an account)
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