Fees
Low fees, maximum savings
ABLEnow is designed to keep saving within reach.
ABLEnow fees are competitive and help keep the program secure, reliable, and easy to use.
Types of fees
ABLE programs generally have two main types of fees:
Maintenance fees
Maintenance fees cover the administrative costs of running the program and are assessed quarterly, or four times per year.
The ABLEnow maintenance fee is $8.50 per quarter ($34 annually) when you chose electronic delivery for statements and confirmations. If you choose paper delivery, the fee is $12.75 per quarter ($51 annually).
Asset-based fees
Asset-based fees cover the cost of managing the underlying investment options. You will not see a separate charge for asset-based fees. Fees are deducted directly from each Portfolio’s underlying investment. See chart below for the asset-based for each investment option.
Asset-based fees by investment option
| ABLEnow Investment Portfolio | Asset Management Fee | Ascensus Administrative Fee | ABLEnow Administrative Fee | Total Expense Ratio |
|---|---|---|---|---|
| Aggressive Growth Portfolio | 0.03% | 0.10% | 0.05% | 0.18% |
| Moderate Growth Portfolio | 0.03% | 0.10% | 0.05% | 0.18% |
| Conservative Income Portfolio | 0.03% | 0.10% | 0.05% | 0.18% |
Usage-based fees
Along with the standard account maintenance and asset-based fees, there may be one time charges depending on how you use your ABLEnow account. These might include things like fees for returned checks or electronic transfers and outgoing wires.
Checking Account Option
For those enrolled in the Checking Account option, there may be additional fees from Fifth Third Bank. A $2 monthly account fee is waived if you keep an average balance of $250 each month or if you choose electronic statement delivery for monthly statements. Learn more about the Checking Account option.
NOTE: Not all fees associated with ABLEnow accounts are listed above. See the ABLEnow Program Description for complete information.
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