IAble, Iowa's Achieving a Better Life Experience (ABLE) plan, is offered through the National ABLE Alliance. The program is sponsored and administered by the State Treasurer of Iowa. IAble is part of the Iowa Able Savings Plan Trust, which was created under State legislation in 2015. Established as an investing vehicle to allow individuals with disabilities and their support system the opportunity to save and invest money for Qualified Disability Expenses without risking essential federal government benefits, IAble is a qualified ABLE program under Section 529A and any regulations and other guidance issued thereunder.
- Program typeABLE Savings plan
- Investment ManagerUnderlying mutual funds and ETFs managed by BlackRock, Schwab, and Vanguard. Sallie Mae Bank provides the high yield savings account.
- Inception2017
- State agencyTreasurer of State of Iowa as Trustee of the Iowa ABLE Savings Plan Trust
- Program ManagerAscensus
Investment Options
Investors in IAble Plan can select from the following investment options. Click on a portfolio name for more information.
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.
