Connecticut Higher Education Trust (CHET) Connecticut State Treasurer

Everyone Can Participate:
Employees

When saving for your child’s college is as convenient and automatic as taking your retirement or healthcare deductions, saving is a lot easier.

College Savings Made Easy

Great news! CHET is available as an employee benefit. You’re probably familiar with 401(k) or 403(b) plans for retirement. A CHET account is similar, but it’s used to save for higher education. With low fees, and tax advantages for Connecticut residents, CHET makes saving affordable. (*Limitations apply.) Because contributions can be made directly from payroll with direct deposit, it’s simple, too.

It only takes about 15 minutes to enroll. So let's get rolling!

ABOUT CHET

For so many families, the Connecticut Higher Education Trust (CHET) is a smart choice. Here are just a few reasons why:

  • State tax benefits
  • 100% tax-free growth
  • Financial aid friendly
  • Use at approved schools anywhere in the US or abroad

Plus we are here to help every step of the way.

REGISTER FOR A CONSULTATION OR WEBINAR

If you would like help or have additional questions, the Connecticut Higher Education Trust (CHET) offers free consultations with a college savings specialist. You can schedule an in-person consultation in our local office in Hamden, CT, a phone consultation or attend a webinar.

GET STARTED
1

Set up your CHET account

  • Open a new account
    ENROLL
  • Add payroll contributions to an existing CHET account
    [ Skip to Step 2 ]
  • Rollover an existing 529 account from elsewhere
    DOWNLOAD ROLLOVER FORM

Tip: If payroll will be your method of initial funding, select $25 as your initial contribution and “Fund by Check.” Your first payroll direct deposit will be your initial contribution.

2

Download and submit the appropriate CHET Payroll Form

Tip: The CHET Payroll Form must be processed by CHET before the first payroll contribution (may take up to 10 business days once received by the Plan). So hit the pause button for a few days...then move onto the next step!

Before you proceed to the next step make sure you have opened a CHET account (or have an existing account). Complete and mail the CHET payroll form.
3

Identify Employer Payroll Method:


EMPLOYEE SELF-SERVICE

Use the following direct deposit instructions:

  • Code the account as "checking"
  • Routing number for State Street Bank: 011000028
  • Account number: CHET ID 99055373 + 9-digit employee SSN or TIN
  • Enter contribution amount per pay period (for each beneficiary and investment option)


CENTRALIZED PAYROLL PROCESS

Submit a copy of your CHET Payroll Direct Deposit Form to your employer's payroll department and mail the original Payroll Direct Deposit Form to CHET at the plan’s address.


STATE OF CONNECTICUT EMPLOYEES

Submit your original CHET Payroll Deduction Form directly to CHET at the plan’s address. 


Download or print the CHET Employee Payroll Guide



Need Employer Instructions? Other Questions?


Confirm that your CHET payroll direct deposit form has been processed by CHET -
Call 1-888-799-2438 (M - F 8:00A - 8:00P ET).

College Savings Guide