NH Entity Landing

What is an Entity?

An Entity is a company, organization, either for-profit or non-profit, or government agency that is designated to act as an Authorized Individual for one or more ABLE Eligible Individuals.

What is an Authorized Individual?

The Authorized Individual is the person or Entity either 1) designated to act on the Account Owner’s behalf with respect to the Account if the Account Owner lacks Legal Capacity (Legal Capacity is determined by applicable state or district law) to exercise signature authority over the Account, or 2) is the person or Entity designated by an Account Owner with Legal Capacity as the Account Owner’s agent under power of attorney to exercise signature authority over the Account.

When can an Entity serve as an Authorized Individual?

The Entity can serve as the Authorized Individual on ABLE Accounts if the Entity is either:

(1) designated by an Eligible Individual with Legal Capacity (Account Owner) as the Eligible Individual’s agent under power of attorney to establish and manage the ABLE Account on the Eligible Individual’s behalf, or

(2) if the Eligible Individual does not have Legal Capacity, the Entity has the authority to establish and manage the ABLE Account as the Eligible Individual’s agent under a power of attorney, or if none, as the Eligible Individual’s conservator or legal guardian, or representative payee appointed for the Eligible Individual by the Social Security Administration. The Entity must certify under penalties of perjury that no other person with a higher priority on the list of potential Authorized Individuals, which consists of the Eligible Individual’s agent under a power of attorney, or if none, the Eligible Individual’s conservator or legal guardian, spouse, parent, sibling, grandparent, or representative payee appointed for the Eligible Individual by the Social Security Administration, in that order of priority, is willing and able to act as Authorized Individual.

As Authorized Individual, the Entity may neither have, nor acquire, any beneficial interest in the ABLE Account during the Account Owner's lifetime and must administer the Account for the benefit of the Account Owner. Whenever an action is required to be taken in connection with an Account, the Authorized Individual must take such action on behalf of the Account Owner.

Who can complete the Entity Registration?

Entity registration must be completed and submitted by a Control Person - An individual with significant responsibility to control, manage, or direct the Entity. A Control Person may include, but is not limited to, the: Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer, Executive Director/Director of a government agency, or any other individual who regularly performs similar functions. Please see 31 C.F.R. § 1010.230(d)(2). The Control Person must have the authority to make binding commitments on behalf of the Entity.

Registering State or Government Entities will require:

One Control Person

A Control Person is an individual with significant responsibility to control, manage, or direct the Entity. A Control Person may include, but is not limited to, the: Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer, Executive Director/Director of a government agency, or any other individual who regularly performs similar functions. Please see 31 C.F.R. § 1010.230(d)(2). The Control Person must have the authority to make binding commitments on behalf of the Entity.

A Control Person can edit Entity Profile Settings; add, edit, or remove Team Members; assign an access level to Team Member(s); and open, manage and view Accounts under the Entity's authority.

Authorized Representative(s)

Assign at least one Authorized Representative Team Member Management or Signatory access level.

Access levels:

Team Member Management

Allows a Team Member to open, manage and view ABLE Accounts under the Entity's authority, as well as the ability to add, remove and edit Authorized Representatives of the Entity. Team Members with Team Member Management access level must have the authority to act on behalf of the Entity and to bind the Entity with respect to any ABLE Account opened or maintained by the Entity.

Signatory

Allows a Team Member to open, manage and view ABLE Accounts under the Entity's authority. Team Members with Signatory access level must have the authority to act on behalf of the Entity and to bind the Entity with respect to any ABLE Account opened or maintained by the Entity.

Read-Only

Allows a Team Member to view ABLE Accounts and run transaction history reports for ABLE Accounts under the Entity's authority. Read-Only access level does not include access to ABLE Account-level detailed information.

Registering For-Profit Entities will require:

One Control Person

A Control Person can edit Entity Profile Settings; add, edit, or remove Team Members; assign an access level to Team Member(s); and open, manage and view Accounts under the Entity's authority.

Any Beneficial Owner(s) who owns 25% or more of the equity interest (if none, no additional Beneficial Owner is required)

A Beneficial Owner is any individual who directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, owns 25% or more of the equity interests of the legal Entity. Please see 31 C.F.R. § 1010.230(d)(2). The Control Person will need to input the name, address, date of birth, and Social Security number of the Beneficial Owner in order to register their For-Profit Entity on the Entity Management Dashboard. The Beneficial Owner can be assigned either Team Member Management, Signatory, or Read-Only access level.

At least one Authorized Representative(s) if the Beneficial Owner has Read-Only access. Assign at least one Beneficial Owner or Authorized Representative Team Member Management or Signatory access level.

Access levels:

Team Member Management

Signatory

Read-Only

Entity Management Dashboard

Easily Manage Multiple ABLE Accounts

Save time and streamline account oversight with the Entity Management Dashboard. Built for entities that open and manage multiple ABLE accounts, it provides a secure, centralized view of all accounts in one place.

You must register your Entity first in order to access the Entity Management Dashboard

Not an Entity? Go to Individual Enrollment

One login for all accounts

Simplify the management of multiple ABLE accounts with one username and password.

Maintain control

Open new accounts and add or remove Entity team members as needed.

Improve efficiency and reduce risk

A fully digital experience helps support faster, more accurate account management.

Access real-time insights

View up-to-date balances, transactions, and activity across all accounts to help inform financial decisions.

Not an Entity? Go to Individual Enrollment

Is the Entity Management Dashboard for me?

If you serve as one of the following, this dashboard was designed for you. Here’s what you’ll need to register:

State or Government Entities

Entity information, including TIN
Team Member Requirements for State or Government Entities
Notarized Entity Certification Form

Non-profit Entities

Entity information, including TIN
Team Member Requirements for Non-Profit Entities
Notarized Entity Certification Form

For-Profit Entities

Entity information, including TIN
Team Member Requirements including PII collection for Beneficial owners
Notarized Entity Certification Form

For more information about The NH ABLE Plan (the "Plan"), call 888-609-3263, or visit nh.savewithable.com to obtain the Plan Disclosure Booklet and/or the Investment Policy Statement, which include investment objectives, risks, charges, expenses, and other important information about the Plan. Please read and consider the Plan Disclosure Booklet carefully before investing.

Before investing in any ABLE program, you should consider whether your home state offers an ABLE program that provides its taxpayers with favorable state tax or other benefits that are only available through investment in the home state's ABLE program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to directly contact your home state's ABLE program, or any other ABLE program, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Plan is sponsored by the State of New Hampshire and administered by the New Hampshire State Treasury and the New Hampshire Governor’s Commission on Disability. The Plan is intended to be a qualified ABLE savings account program offered through the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services. The Plan’s Investment Options are allocations to mutual funds, ETFs, banking products and/or other investments. Except for the Checking Account Option, investments in the Plan are not insured by the FDIC. Interests in the Plan are municipal securities and the value of your Account will vary with market conditions.

Investment returns will vary depending upon the performance of the Investment Options you choose. You could lose all or a portion of your money by investing in the Plan depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under federal or state tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future expenses or that an account owner is eligible to participate in the Plan.