529 COLLEGE SAVINGS PLANS

CHET Advisor 529 Plan

Help families make the most of the money they invest for education with a Connecticut Higher Education Trust Advisor Plan, sponsored by the State of Connecticut and managed by Fidelity.

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Why choose a Connecticut Higher Education Advisor Trust Plan?

You can give families the financial freedom to pursue a higher education

Families want the best for their children and grandchildren, to see them realize their life's ambitions. Education is integral to their success, and while paying for college could be one of the largest expenditures families may incur, it just might be the best investment a family can make.

Tax advantages for Connecticut residents

With the CHET Advisor 529 Plan, Connecticut residents may:

  • Deduct up to $5,000 of taxable income annually from Connecticut state income taxes ($10,000 for joint filers).
  • Deduct amounts contributed from the donor's Connecticut state income tax in the succeeding five years, so long as the contributions weren't deducted in the year in which they were made.

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CHET Advisor 529 resources

General 529 Account Forms

Plan-Specific Account Forms

Kit

Marketing Materials

 

 

Want to know more?

Let's talk about this advisor-managed 529 plan for your clients.

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CHET Advisor Workplace 529 Program

Do you have clients looking to enhance their employee benefits program? The CHET 529 Workplace Program makes saving for college easier for employees and their families—at no enrollment cost to the employer.

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Consider the Fidelity Investments 529 College Rewards® Visa Signature® Card

Earn unlimited 2% cash back on every eligible net purchase1 when you redeem your Reward Points as a deposit into an eligible Fidelity-managed 529 account.

There's no annual fee. And the card has no Reward Point caps or limits, and Points do not expire.1

Apply now

Gifting into 529 plans

Your clients’ savings could get a boost when friends and family give gifts to their 529 accounts. Account savings have the potential to grow faster when grandparents, relatives, and friends can contribute.

Explore gifting options

College savings tools & calculators

Quickly illustrate different planning scenarios for your clients so you can help them reach their college savings goals.

College Savings Planner

Obtain a personalized projection of your clients' future college costs by entering their child's age, the type of college they're saving for, and their household income.

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State Tax Deduction Calculator

Quantify your clients' state tax deductions or credits over the long term, given their planned contributions, taxable income, and filing status. Clients can weigh this factor alongside investment performance contribution limits and other variables.

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Financial Aid Calculator

Determine your client's Expected Family Contribution (EFC) for the school year ahead based on their family details, income, savings, and investments.

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Explore our latest research & insights

The right information to help you work smarter, stand out from the competition, and stay focused on the future.
RESEARCH
How to Spend from a 529 College Plan
The right way reduces taxes, avoids penalties, and won't jeopardize financial aid.
RESEARCH
The Secure 2.0 Act of 2022 Passes
This article summarizes the key provisions of interest to plan sponsors, including which changes are required, which are optional (and will require decisions by sponsors as to whether to adopt or not), and the respective effective dates.
1. You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity® account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity® account or other relationship with Fidelity Investments® is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.

The creditor and issuer of this card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.

Fidelity and Elan Financial Services are separate companies.

Investing involves risk, including risk of loss. You may gain or lose money over time. For individual fund-specific risks, click on each fund’s name to navigate to the fund details page.

The CHET Advisor 529 Plan is sponsored by the State of Connecticut and managed by Fidelity Investments. CHET Advisor 529 Plan accounts are not insured by any state, federal government or any federal agency. Furthermore, neither the principal nor any investment return is guaranteed by any state, federal government or any federal agency.

If you or the designated beneficiary is not an Connecticut resident, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents alternate state tax advantages or other state benefits such as financial aid, scholarship funds, and protection from creditors.

Units of the Portfolios are municipal fund securities and are subject to market fluctuation and volatility.
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