Iowa ABLE Account Information


  • Status: Open for Enrollment
  • Program Name: IAble
  • Program Manager: Ascensus
  • Program Investment Institution: BlackRock, Schwab, and Vanguard
  • Program Website:
  • Annual Contribution Limit: $15,000.00


Iowa ABLE Account FAQs

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?

Yes; $3,128.00 of contributions per Account Owner are deductible for Iowa individual income tax purposes.

Who is the program administrator?

Treasurer of State of Iowa as Trustee of the Iowa ABLE Savings Plan Trust.

Is there an initial minimum contribution requirement to open an ABLE account? 

Yes. The initial minimum contribution requirement to open an ABLE account is $25.00.

Is there an annual set fee to maintain the account? 

Yes. The current account maintenance fee is $45.00 annually payable at $11.25 quarterly. With paper statements, the annual fee is $60.00, payable at $15.00 quarterly.

Is there a required minimum contribution to your account? If so, what is the amount?

Yes. The required minimum contribution is $25.00.

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. A $2.00 monthly fee is associated with utilizing the debit card option, however the fee can be waived with an average daily balance over $250.00 or if enrolled in electronic statement delivery at Fifth Third bank.

How many investment options are associated with the program? Do those investment options vary in risk?

There are six investment options available. These options range from conservative to aggressive with varying levels of risk based on their underlying investment components.

Is there a fee associated with the investment choices? If so, how much?

Depending on the investment choices, the total fees range from 0.34% to 0.38%.