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DEPENDABLE

Delaware's DEPENDABLE ABLE Plan is offered through the National ABLE Alliance. DEPENDABLE is established under the Enabling Legislation and Section 529A of the federal tax code to encourage and assist individuals and families in saving personal funds for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life. DEPENDABLE is administered by the Delaware Plans Management Board pursuant to state legislation. The Board receives administrative support from the Delaware Office of State Treasurer.

  • Program type
    ABLE savings plan
  • Investment Manager
    Underlying mutual funds and ETFs managed by BlackRock, Schwab, and Vanguard. Sallie Mae Bank provides the high yield savings account and Fifth Third Bank, National Association provides a checking account product.
  • Inception
    2018
  • State agency
    Delaware Plans Management Board
  • Program Manager
    Ascensus

Investment Options

Investors in DEPENDABLE can select from the following investment options. Click on a portfolio name for more information.

Age Based Investment Optionsaccordion open icon

Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.

No investment options found within this category.
Static Investment Optionsaccordion close icon
Individual Investment Optionsaccordion close icon
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