Kentucky ABLE Account Information
- Status: Open for Enrollment
- Program Name: STABLE Kentucky
- Program Manager: Intuition ABLE Solutions, LLC
- Program Investment Institutions: Vanguard Group, Inc. and Fifth Third Bank
- Program Website: http://stablekentucky.com/
- Annual Contribution Limit: $15,000.00
Does this program offer enrollment to out of state residents?
Is there a state income tax deduction or credit for contributions made into accounts opened in this state by state residents?
Who is the program administrator?
The program is administered through a partnership with Ohio’s STABLE Account.
Is there an initial minimum contribution requirement to open an ABLE account?
Yes. The initial minimum contribution requirement to open an ABLE account is $50.00.
Is there an annual set fee to maintain the account?
Yes. The current account maintenance fee is $42 annually payable at $3.50 monthly.
Is there a required minimum contribution to your account? If so, what is the amount?
Yes. The required minimum contribution is $1.00.
Are there fees or restrictions to the number of disbursement you are allowed?
Can I roll over my ABLE account to another ABLE program? If so, what is the fee to do so?
Yes. There are currently no fees associated with rolling over your ABLE account from one ABLE program to another ABLE program.
Is there a “debit card/purchasing card” available with the program? If so, what is the added cost?
Yes. There are no added costs for the STABLE Card, a loadable prepaid debit card.
How many investment options are associated with the program? Do those investment options vary in risk?
There are five investment options available. These investment options range from low risk (BankSafe Investment Option-FDIC insured) to conservative to aggressive with varying levels of risk, based on the risks of their underlying component investments.
Is there a fee associated with the investment choices? If so, how much?
Yes. Depending on the investment choices, the total fees range from 0.19% to 0.34%.