The PA ABLE Savings Program offers an FDIC-insured interest-bearing checking account provided through Fifth Third Bank, National Association. A debit card allows you to withdraw the funds you need for everyday expenses.

Fifth Third Bank National Association Banking Card

FDIC Insurance:

Subject to the application of Fifth Third Bank (for the Checking Account Option) and FDIC rules and regulations to each Account Owner, funds in the Checking Account Option will retain their value as a result of FDIC insurance. FDIC insurance is provided for the Checking Account Option which invests in a checking account. Contributions to and earnings on the investments in the Checking Account Option are insured by the FDIC up to the maximum limit established by federal law, which currently is $250,000 per depositor.

The amount of FDIC insurance provided to an Account Owner investing in the Checking Account Option is based on the total of: (1) the value of an Account Owner’s investment in the Checking Account Option, and (2) the value of all other deposits held by the Account Owner at Fifth Third Bank, as determined in accordance with Fifth Third Bank and FDIC rules and regulations. Each Account Owner should determine whether the amount of FDIC insurance available to the Account Owner is sufficient to cover the total of the Account Owner’s investment in the Checking Account Option plus the Account Owner’s other deposits at Fifth Third Bank. For the Checking Account Option, PA ABLE is not responsible for determining the amount of FDIC insurance provided to an Account Owner.

Investment Objective:

The Investment Option seeks to provide preservation of principal.

Investment Strategy:

The Investment Option invests all of its assets in a checking account held at Fifth Third Bank, NA.

The Checking Account Option balances are insured up to the maximum amount permitted by law. The standard insurance amount is $250,000 per depositor, for each deposit insurance ownership category. Please visit www.fdic.gov for more information about FDIC insurance coverage. The checking account is opened through and under the restrictions and oversight of PA ABLE and shall be subject to all of the requirements and limitations set forth in this Disclosure Statement, as amended. All assets invested through the Checking Account Option are, and at all times will remain, assets of PA ABLE until withdrawn.

Investments in the Checking Account Option will earn varying rates of interest. Contributions will not earn interest until the hold period expires (see the Plan Disclosure Statement for details) and funds are deposited to the account at Fifth Third Bank. The interest rate generally will be equivalent to short-term deposit rates. Interest will be compounded daily based on the actual number of days in a year (typically 365 days, except for 366 days in leap years) and will be credited to the Checking Account Option on a monthly basis. The interest on the Checking Account Option is expressed as an Annual Percentage Yield (“APY”). The APY on the Checking Account Option will be reviewed by Fifth Third Bank on a periodic basis and may be recalculated as needed at any time. To see the current Checking Account Option APY please go to www.53.com or call toll-free 888-516-2375. The Checking Account Option may not be established if it is determined that distributions from such Account are subject to restrictions by court order or otherwise.

Investment Risks:

To the extent that FDIC insurance applies, the Checking Account Option is primarily subject to the risk that the return on the underlying Checking Account will vary because of changing interest rates and that the return on the Checking Account will decline because of falling interest rates. See Plan Disclosure Statement for additional terms and conditions applicable to the Checking Account Option.

Historical Pricing

The PA ABLE Savings Program also offers six Asset-Allocation Options with varying blends of stocks, bonds, and cash – with the combinations ranging from conservative to aggressive.

Created with Highcharts 11.3.0Aggressive OptionTotal Asset-Based Fee: 0.33%10 %90 %Total BondsTotal Stocks

Investment Objective:

The Investment Option seeks to provide long-term capital appreciation with very low income potential.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, two Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 90% of its assets to stocks and 10% of its assets to bonds.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF, American Funds and Schwab ETF, see the Plan Disclosure Statement.

Historical Pricing

Created with Highcharts 11.3.0Moderately Aggressive OptionTotal Asset-Based Fee: 0.32%25 %75 %Total BondsTotal Stocks

Investment Objective:

The Investment Option seeks to provide long-term capital appreciation with low income potential.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 75% of its assets to stocks and 25% of its assets to bonds.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF, American Funds and Schwab ETF, see the Plan Disclosure Statement.

Historical Pricing

Created with Highcharts 11.3.0Growth OptionTotal Asset-Based Fee: 0.32%40 %60 %Total BondsTotal Stocks

Investment Objective:

The Investment Option seeks to provide capital appreciation and low current income.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 60% of its assets to stocks and 40% of its assets to investment-grade bonds.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF and Schwab ETF, see the Plan Disclosure Statement.

Historical Pricing

Created with Highcharts 11.3.0Moderate OptionTotal Asset-Based Fee: 0.32%55 %45 %Total BondsTotal Stocks

Investment Objective:

The Investment Option primarily seeks to provide capital appreciation and secondarily provide moderate current income.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 45% of its assets to stocks and 55% of its assets to investment-grade bonds.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF and Schwab ETF, see the Plan Disclosure Statement.

Historical Pricing

Created with Highcharts 11.3.0Moderately Conservative OptionTotal Asset-Based Fee: 0.31%45 %30 %25 %Total BondsTotal StocksTotal Cash

Investment Objective:

The Investment Option seeks to provide moderate current income and low capital appreciation and moderate capital preservation.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one BlackRock (iShares) bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 30% of its assets to stocks, 45% of its assets to investment-grade bonds and 25% to cash.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF and Schwab ETF, see the Plan Disclosure Statement. For information about the principal risks associated with the Sallie Mae High Yield Savings Account, see the Plan Disclosure Statement.

Historical Pricing

Created with Highcharts 11.3.0Conservative OptionTotal Asset-Based Fee: 0.30%30 %10 %60 %Total BondsTotal StocksTotal Cash

Investment Objective:

The Investment Option seeks to provide substantial capital preservation, limited current income and very low capital appreciation.

Investment Strategy:

The Investment Option invests in four Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one BlackRock (iShares) bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 10% of its assets to stocks, 30% of its assets to investment-grade bonds and 60% to cash.

Investment Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock ETF and Schwab ETF, see the Plan Disclosure Statement. For information about the principal risks associated with the Sallie Mae High Yield Savings Account, see the Plan Disclosure Statement.

Historical Pricing

Account Fee Information

In addition to the checking account and investment option fees shown above, all PA ABLE accounts have an annual maintenance fee of $58 deducted quarterly ($14.50 per quarter). However, if you select electronic delivery (e-delivery) of quarterly statements and account activity confirmations, the annual account maintenance fee is reduced to $33 ($8.25 per quarter).

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