Washington State ABLE Account Information


  • Status: Open for Enrollment
  • Program Name: Washington State ABLE Savings Plan
  • Program Manager: BNY Mellon
  • Program Investment Institution: The Plans are a mix of Vanguard funds and one DFA fund to make up its Conservative, Moderate and Aggressive investment options.
  • Program Website: https://www.washingtonstateable.com/
  • Annual Contribution Limit: $15,000.00


Washington State 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?


Who is the program administrator?

Sumday and its subcontractors, The Bank Of New York Mellon and BNY Investment Management Services LLC.

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; $35.00 per year. An additional fee of 0.30% – 0.38% on the investment also applies.

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

The required minimum contribution is $10.00.

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 for All account to the Washington State ABLE program. There is a $50.00 fee associated with rolling out of the Washington State ABLE Program.

Is there a “debit card/purchasing card” available with the program? If so, what is the added cost?

Yes. The fee for the pre-paid card will be $1.25 per month.

Who is the investment manager?

Third-party investment consultant is Sellwood Consultants.

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

There are three options, plus an FDIC-insured Cash Option. These investment options range from little risk FDIC-insured and conservative to aggressive with varying levels of risk, based on the risk of the 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 0.30% to .37%. for assets in accounts.

Are there other characteristics unique to the program?

The Washington State ABLE Program is modeled after Oregon’s ABLE Savings Plan, and was created with support of people with disabilities and those working with the disability community. It also partners with Sumday, a program manager that offers a fun, simple and intuitive online platform that helps people manage their ABLE accounts to reach their dreams. The ABLE prepaid card allows people easy access to their money and the ability to track their spending.