State Treasurer Ken Simpler announces the launch of Delaware’s ABLE Plan. Similar to a college savings plan DEPENDABLE is a 529(a) tax-deferred savings account that can be used to pay for many daily, disability-related expenses. Click here to open an account or for More Info
Treasurer Simpler is committed to retirement readiness, college readiness and better quality of life for people with disabilities. Managed by our Contributions and Plan Management division, we offer tax-advantaged, voluntary savings vehicles that do not involve state monies and do not require minimum contributions, while providing flexible investment choices and easy enrollment processes for participants.
This division oversees the design, implementation and overall administration of the State’s Deferred Compensation Plans, College Investment Plan, and Achieving a Better Life Experience Program.
In 2016 Treasurer Simpler led the creation of the Plans Management Board (PMB), the body legislatively charged as the sponsor of the Plans.
Related Topics: College Savings Plan, Contributions and Plan Management, CPM, Delaware's ABLE statute, Ken Simpler, office of the state treasurer, plans management board, PMB, Retirement Savings Plans, state treasurer