Palmetto ABLE Savings Program

The State of South Carolina has partnered with the State of Ohio to bring the Palmetto ABLE Savings Program, a program that offers the STABLE Account Plan to eligible South Carolina residents. The STABLE Account Plan is established pursuant to Ohio law (Ohio Revised Code §113.50-§113.56) in accordance with Section 529A, and is structured and operated by the Ohio Treasurer's Office and its Service Providers.

  • Program type
    ABLE Savings Plan
  • Investment Manager
    Marquette Associates is the Investment Advisor, and The Vanguard Group and Fifth Third Bank are the providers of the investment options.
  • Inception
    2017
  • State agency
    Office of the South Carolina Treasurer
  • Program Manager
    Sumday Administration, LLC

Investment Options

Investors in Palmetto ABLE Savings Program 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