Connecticut Higher Education Trust (CHET) Advisor Plan
The CHET Advisor 529 College Savings Program in Connecticut offers unique features designed to help families save for education expenses. Managed by TIAA-CREF Tuition Financing, Inc., this plan provides a professionally managed investment option with personalized advice from financial advisors. It offers a wide range of investment options, including age-based portfolios and individual fund choices, allowing for customization based on risk tolerance and investment goals. One standout aspect of the plan is the availability of an FDIC-insured savings option, providing a conservative and secure investment choice. Lastly, the CHET Advisor 529 plan provides potential state tax benefits, including a state income tax deduction on contributions, enhancing its appeal for Connecticut residents.
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
Advisor
Investments
Guided Investments
age-based
ESG Investments
No
Avg. expense fee
0.730%
Fee Range
0.40%-1.53%
Ratings
Backer Rating
Our rating is based on fees and tax savings advantages.
43%
for CT residents
25%
non-residents
Saving For College
Unbiased, independent resource for parents.
4.5
for CT residents
4
non-residents
Other
Connect with Mint.com
Track your finances in one place.
No
Connect with Backer
Full end to end enrollment, gifting and plan management.
Gifting Only
Mobile app
Backer App covers this plan.
Yes
General Recommendation
This is an advisor sold 529 plan, rated as neutral by Morningstar.
