Tax Policy – Arkansas Opens Qualified ABLE Program

Arkansas recently opened a new Achieving a Better Life Experience (ABLE) program, bringing the total number of jurisdictions with ABLE programs to 41. The program is open to all eligible individuals nationwide. It has three investment options and a cash option. The program has a quarterly maintenance fee of $15 with a $3.75 discount for opting to receive statements via email, and monthly asset-based fees ranging from 0.34% to 0.38% depending on the investment option chosen. There is an additional $1.25 discount for Arkansas residents. More information about state implementation of the ABLE Act can be found here.

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