Connecticut Higher Education Trust (CHET)
The Connecticut Higher Education Trust (CHET) is a 529 plan that offers unique features for families saving for education expenses. Managed by the Office of Connecticut State Treasurer, CHET provides a variety of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment preferences. One standout aspect of the plan is the CHET Advance Scholarship, which provides an opportunity to earn additional funds for college expenses. Additionally, CHET offers a state income tax deduction for Connecticut taxpayers, providing potential tax benefits. Lastly, the plan allows for generous contributions of up to $529,000 per beneficiary, allowing families to save a substantial amount for higher education.
EnrollState Tax Incentive
$5,000 single / $10,000 joint beneficiary, 5 year carry-forward on excess contributions
Program Manager
Fidelity Investments
Investment Manager(s)
Fidelity
Plan type
Direct
Investments
Guided Investments
target-enrollment-portfolios
ESG Investments
Yes
Avg. expense fee
0.155%
Fee Range
0.11%-0.95%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
66%
for CT residents
49%
non-residents
Saving For College
Unbiased, independent resource for parents.
5
for CT residents
4.5
non-residents
Morningstar Rating
Once a year, the financial services firm Morningstar releases its 529 ratings.
Other
Connect with Mint.com
Track your finances in one place.
Yes
Connect with Backer
Full end to end enrollment, gifting and plan management.
Enrollment
Mobile app
Backer App covers this plan.
Yes
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Check out latest news about this plan.
General Recommendation
This is a direct sold 529 plan, rated as bronze by Morningstar.
