Attainable Savings Plan


The Attainable Savings Plan is offered by the Massachusetts Educational Financing Authority and managed by Fidelity Investments.


Program type:

ABLE Savings plan

How to enroll:

Enroll directly with the program

Initial year of operation:


State agency(ies):

Massachusetts Educational Financing Authority

Program manager:


Manager contract term:

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Investment Manager



Who can be a participant/owner in the program?

An Attainable Plan Account must be established by the designated beneficiary or on behalf of the designated beneficiary by a Person with Signature Authority (PSA). The PSA must be the designated beneficiary's parent, legal guardian, or have a valid power of attorney (POA). The designated beneficiary or PSA opening an Attainable Plan Account must be 18 years or older, a United States resident, and have a valid SSN.

Program restrictions:

To be eligible for an ABLE savings plan, an individual must have been diagnosed with a disability before age 26, and be eligible to receive benefits under Supplemental Security Income (SSI) and/or Social Security Disability Insurance (SSDI). Individuals who are not receiving SSI and/or SSDI may still be eligible if they meet the age requirement and have been diagnosed by a licensed physician and received a letter of certification.


Maximum contributions:

IRC Section 529A imposes an annual contribution limit on Attainable Plan Accounts. The annual contribution limit to an Attainable Plan Account is equal to the annual exclusion amount under IRC Section 2503(b), which is currently $14,000. There is also a maximum contribution limit of $400,000 for 2017. You may not make additional contributions to the plan at a time that the total value of the account is at or above the maximum contribution limit.

Minimum contributions:

The minimum to open an Attainable Plan Account is $50 with an initial lump sum investment, or $15 if you establish a systematic contribution plan.

Investment Options

Target-Risk Options:

Select among 8 investment options: ABLE Money Market Portfolio, ABLE Conservative Income 20% Portfolio, ABLE Income 30% Portfolio, ABLE Moderate Income 40% Portfolio, ABLE Balanced 50% Portfolio, ABLE Moderate Growth 60% Portfolio, ABLE Growth 70% Portfolio, and ABLE Aggressive Growth 85% Portfolio

Bank Money Market Investment Option:

ABLE Money Market Portfolio seeks as high a level of current income as is consistent with the preservation of principal and liquidity

Fees & Expenses

Enrollment or application fee:


Account maintenance fee:


Program management fees:

0.15% for all portfolios + 0.05% state sponsor fee

Expenses of the underlying investments:

0.37% - 0.74%

Total asset-based expense ratio:

0.57% - 0.94%

Fees or restrictions on the number of disbursements


Taxes and other Benefits

Program match on contributions:


State tax deduction or credit for contributions:


State tax recapture provisions:


State tax treatment of qualified distributions:

Distributions taken to pay for qualified disability expenses will not be subject to Massachusetts income tax.

State tax treatment of rollovers:

Massachusetts follows federal tax-free treatment.

Medicaid eligibility

Medicaid benefits are not impacted by money invested in an Attainable account.

Medicaid recapture provisions

The ABLE Act and proposed ABLE regulations provide that upon the death of the designated beneficiary, any state may file a claim against unexpended amounts in an Attainable Plan Account for the amount of the total medical assistance paid for the designated beneficiary under the state's Medicaid plan after the establishment of the Attainable Plan Account, less any premiums paid from the account by or on behalf of the designated beneficiary to a Medicaid Buy-In program under any State Medicaid plan.

Is there a debit card/ purchasing card available, and if so, at what cost?

Yes, A debit card is available to access funds transferred from your Attainable Account to your Fidelity Cash Management Account

Statutory protection of an account from creditors:

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Distributions & Terminations

To whom are distributions made payable:

The designated beneficiary or PSA, as applicable, may request a distribution.

Account Changes

Policy regarding participant/owner changes:

The designated beneficiary or PSA, as applicable may change the designated beneficiary of an Attainable Plan Account to a new designated beneficiary during the lifetime of the current designated beneficiary without tax consequences as long as the new designated beneficiary is a member of the family of the current designated beneficiary and an eligible individual.

Documents, Access & Reporting

Does participant have online password-protected access to account?


Can the complete enrollment process including funding be done online?


Documents and other services accessible or downloadable on the program's public Web site:

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Click here to visit





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