Only the servicing of the TIAA PPIO transitioned to Fidelity on February 8, 2021. In accordance with the contractual arrangement (Funding Agreement) between the Connecticut Higher Education Trust (CHET) and TIAA-CREF Life Insurance Company (TIAA Life). As noted in your CHET 529 Plan Fact Kit, your position in the TIAA-CREF Life Principal Plus Interest Option ("TIAA-CREF PPIO" or "TIAA PPIO") will gradually transfer to the CT Stable Value Portfolio, an investment option in the CHET 529 Plan, selected by the CHET Trustee to receive the PPIO assets, over a five-year period.