529 Plan Activation Connecticut Higher Education Trust CHET
529 Plan Activation Connecticut Higher Education Trust (CHET) Fidelity We're making it easier to manage your CHET account. See what's new: How-to videos to help you , , and in your account An easy-to-follow Online access to A quicker way to To reach us by phone, we recommend calling while our education planning specialists are available, Monday–Friday from 8 a.m. to 9 p.m. ET at 888-799-CHET (2438).
Let us help you get started. Here's your checklist: your account today. your investments and easily make changes. it by setting up automatic contributions or moving money. with the tools in our Planning & Guidance Center.
If you own more than one CHET account, select "Activate" next to one of your CHET accounts. Follow the instructions. Repeat these steps for your remaining accounts.
Existing Fidelity customers Visit your . Select "Activate" next to your CHET account. Follow the instructions.
If you own more than one CHET account, repeat these steps for your remaining accounts.
At Fidelity, we have a long history of providing our clients with a wide range of high-quality products at a great value. The CHET program reflects our ongoing commitment to delivering exceptional value.
Your assets are invested in the Fidelity portfolio that most closely aligns with your prior investment goals. For example, TIAA's Age Band 0–4 portfolio was mapped to Fidelity's 2036 Blend Fund.
Learn about the available investment choices, IRS rules, and how to make changes.
View information on performance since inception (short-term) or average annual total returns.
Fees range from 0.05%–0.95%, depending on your investment strategy.
Review your standing investment allocations and update as needed.
Learn how your prior investments will be treated.
Keep your contributions on track
You can set up from a checking or savings account. You can also set up direct deposit from your employer by providing your updated CHET account number or using . Sign up for online to share a link with friends and family.
Note: Your CHET account number has been updated and is different from the account number you had with TIAA.
Access a library of courses, articles, and videos to learn more about planning and saving for college.
Access the Planning & Guidance Center to plan for college as part of this comprehensive financial tool.
The contributions are not pre-tax but they are deductible from Connecticut adjusted gross income in an amount not to exceed $5,000 for a single return or $10,000 for a joint return for that tax year. These limits apply on an aggregate basis (not a per beneficiary basis) to all contributions made to all CHET accounts during the tax year. Connecticut taxpayers may not claim a deduction for a rollover into a CHET account from a non-CHET account or for a transfer into a CHET account from a Coverdell education savings account. Although payroll deduction is not available, you will have the option to set up direct deposit from your employer or establish from your bank account (e.g., checking or savings account) after you activate your updated CHET account. After activating your CHET account, you'll need to provide the appropriate third party (bank or employer) with the updated routing number (101205681) and your updated CHET account number. To set up scheduled distributions to institutions or the beneficiary, . No, however, you will have the ability to add your bank information after activating your updated CHET account. Yes, once your account has been activated at Fidelity, you can visit the for more information. You'll have to file by mail to take advantage of this option for the 2021 tax year. To establish direct deposit, you'll need your . Once you have activated your account at Fidelity, you will need to grant them trading authority or power of attorney. Visit the for more information and instructions. For advisors looking for access to use Fidelity's platform and/or refer clients, please call 800-735-3756.
as the new program and investment manager for the Connecticut Higher Education Trust (CHET) 529 College Savings Program.
Questions? 888-799-CHET (2438)
Education planning specialists are available
Monday–Friday from 8 a.m. to 9 p.m. ET. The Connecticut Higher Education Trust (CHET) 529 College Savings Plan - Direct Plan is offered by the Treasurer of the state of Connecticut and managed by Fidelity Investments. If you or the designated beneficiary is not a Connecticut resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free or view one online. Read it carefully before you invest or send money. The third-party trademarks and service marks appearing herein are the property of their respective owners. Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. * The CHET Baby Scholars Program ("Baby Scholars" or "Baby Scholars Program") is a college savings incentive program available to Connecticut residents. For more information about the CHET Direct Plan or the Baby Scholars Program, visit the CHET website at to view the Official Rules or call 1-888-799-CHET (2430). 950832.21.4 Copyright 1998-2022 FMR LLC. All Rights Reserved.
0.11%–0.20% (Fidelity Index Funds)
0.40%–0.59% (Fidelity Blend)
0.26%–0.95% (Fidelity Funds)
0.05%–0.50% (Bank Deposit Portfolio)
For fee details, please view the , starting on page 26. since inception date of February 2, 2021 (when the funds were established at Fidelity), or average annual total returns by month or by quarter. , including underlying fund(s) and asset allocations, can be viewed online under the Compositions tab, or in the , starting on page 48. Visit for the most recent annual report. and update as needed prior to your next contribution. that explain your investment alternatives and how existing investments in the TIAA PPIO will be treated. Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0
h1 Same CHET program br New benefits
Now with Fidelity's program management, you get even more.It s time to update your CHET account
In February, all CHET accounts automatically moved from the previous program manager, TIAA, to Fidelity Investments. Fidelity was selected to be the new program manager for CHET because of the experience we can provide to help Connecticut families reach their education savings goals.Let us help you get started. Here's your checklist: your account today. your investments and easily make changes. it by setting up automatic contributions or moving money. with the tools in our Planning & Guidance Center.
ACTIVATE your CHET account by following these steps
You were mailed a CHET account profile letter from Fidelity, one for each account, which contained important information like account number and beneficiary. Keep your letter(s) on hand for the activation process. New to Fidelity? Set up your . Click on the "Account balances" link from the "Welcome to Fidelity" screen. If you own one CHET account, you will automatically be directed to activate the account. Follow the instructions.If you own more than one CHET account, select "Activate" next to one of your CHET accounts. Follow the instructions. Repeat these steps for your remaining accounts.
Existing Fidelity customers Visit your . Select "Activate" next to your CHET account. Follow the instructions.
If you own more than one CHET account, repeat these steps for your remaining accounts.
REVIEW your investments
At Fidelity, we have a long history of providing our clients with a wide range of high-quality products at a great value. The CHET program reflects our ongoing commitment to delivering exceptional value.
Your assets are invested in the Fidelity portfolio that most closely aligns with your prior investment goals. For example, TIAA's Age Band 0–4 portfolio was mapped to Fidelity's 2036 Blend Fund.
Learn about the available investment choices, IRS rules, and how to make changes.
View information on performance since inception (short-term) or average annual total returns.
Fees range from 0.05%–0.95%, depending on your investment strategy.
Review your standing investment allocations and update as needed.
Learn how your prior investments will be treated.
MANAGE your CHET account contributions and move money
Keep your contributions on track
You can set up from a checking or savings account. You can also set up direct deposit from your employer by providing your updated CHET account number or using . Sign up for online to share a link with friends and family.
Note: Your CHET account number has been updated and is different from the account number you had with TIAA.
PLAN with our tools
Access a library of courses, articles, and videos to learn more about planning and saving for college.
Access the Planning & Guidance Center to plan for college as part of this comprehensive financial tool.
Frequently asked questions
Manage your account
Yes, if your employer offers direct deposit, you can add your 529 account as a destination account by using the direct deposit form from your employer. Or, you can provide to your employer.The contributions are not pre-tax but they are deductible from Connecticut adjusted gross income in an amount not to exceed $5,000 for a single return or $10,000 for a joint return for that tax year. These limits apply on an aggregate basis (not a per beneficiary basis) to all contributions made to all CHET accounts during the tax year. Connecticut taxpayers may not claim a deduction for a rollover into a CHET account from a non-CHET account or for a transfer into a CHET account from a Coverdell education savings account. Although payroll deduction is not available, you will have the option to set up direct deposit from your employer or establish from your bank account (e.g., checking or savings account) after you activate your updated CHET account. After activating your CHET account, you'll need to provide the appropriate third party (bank or employer) with the updated routing number (101205681) and your updated CHET account number. To set up scheduled distributions to institutions or the beneficiary, . No, however, you will have the ability to add your bank information after activating your updated CHET account. Yes, once your account has been activated at Fidelity, you can visit the for more information. You'll have to file by mail to take advantage of this option for the 2021 tax year. To establish direct deposit, you'll need your . Once you have activated your account at Fidelity, you will need to grant them trading authority or power of attorney. Visit the for more information and instructions. For advisors looking for access to use Fidelity's platform and/or refer clients, please call 800-735-3756.
CHET programs
The CHET Baby Scholars program* provides $100 for future college costs for Connecticut residents that have babies less than a year old or adopted children before the first anniversary of the adoption. Here's how it works: You must have or open a CHET account to be eligible. Once you open your account, CHET will automatically deposit $100 into your account. The CHET Advance Scholarship was an annual program offered by the Connecticut State Treasurer's Office to help Connecticut students pay for college. In 2021, the CHET Advance Scholarship will be rolled into the Dream Big! program. Stay tuned for more information on the CHET Dream Big! Scholarship. Previous recipients of the CHET Advance Scholarship with questions about their award can contact the International Scholarship & Tuition Services (ISTS) Program Support at 855-670-ISTS (4787). The CHET Dream Big! competition is an annual award program that gives Connecticut students in grades K-12 an opportunity to win money toward their future education. More information for enrollment dates and prizes can be found on AboutCHET.com in the Dream Big! section or atAn announcement from Connecticut State Treasurer Shawn T Wooden
as the new program and investment manager for the Connecticut Higher Education Trust (CHET) 529 College Savings Program.
Questions? 888-799-CHET (2438)
Education planning specialists are available
Monday–Friday from 8 a.m. to 9 p.m. ET. The Connecticut Higher Education Trust (CHET) 529 College Savings Plan - Direct Plan is offered by the Treasurer of the state of Connecticut and managed by Fidelity Investments. If you or the designated beneficiary is not a Connecticut resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free or view one online. Read it carefully before you invest or send money. The third-party trademarks and service marks appearing herein are the property of their respective owners. Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. * The CHET Baby Scholars Program ("Baby Scholars" or "Baby Scholars Program") is a college savings incentive program available to Connecticut residents. For more information about the CHET Direct Plan or the Baby Scholars Program, visit the CHET website at to view the Official Rules or call 1-888-799-CHET (2430). 950832.21.4 Copyright 1998-2022 FMR LLC. All Rights Reserved.
We re here to help
Dedicated education planning specialists are available Monday–Friday from 8 a.m. to 9 p.m. ET at 888-799-CHET (2438).¿Necesitas ayuda en español
Para ayuda en español a tus preguntas acerca del plan, como funciona y las opciones de inversión disponibles, por favor visita nuestro o llama al 888-799-2438 y uno de nuestros representantes con la ayuda de un traductor, están disponibles para asistirte de lunes a viernes de 8 a.m. a 9 p.m. hora del Este de EE. UU. Descarga una solicitud para abrir una cuenta del plan de ahorros universitarios CHET y un paquete con los datos del plan. about the investment options available for your CHET account. Per IRS rules, you can only change current investments twice in a calendar year—or if you change the beneficiary—without incurring taxes. The conversion from TIAA did not count toward one of the two IRS-sanctioned exchanges. However, any exchanges taken at TIAA prior to February 5 do count toward the yearly limit. You can change the investment instructions for future contributions at any time. For more information about making changes to current and future investments, read . as well as the . :0.11%–0.20% (Fidelity Index Funds)
0.40%–0.59% (Fidelity Blend)
0.26%–0.95% (Fidelity Funds)
0.05%–0.50% (Bank Deposit Portfolio)
For fee details, please view the , starting on page 26. since inception date of February 2, 2021 (when the funds were established at Fidelity), or average annual total returns by month or by quarter. , including underlying fund(s) and asset allocations, can be viewed online under the Compositions tab, or in the , starting on page 48. Visit for the most recent annual report. and update as needed prior to your next contribution. that explain your investment alternatives and how existing investments in the TIAA PPIO will be treated. Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0