NEW INDIVIDUAL PORTFOLIO - cdn.unite529.com

1 ES-INA-SUP-102021 SUPPLEMENT DATED OCTOBER 2021 SUPERCEDING THE SUPPLEMENT DATED JULY 2021 TO THE COLLEGECHOICE ADVISOR 529 SAVINGS PLAN DISCLOSURE BOOKLET AND PARTICIPATION AGREEMENT DATED JANUARY 2021 This Supplement describes important changes affecting the Plan. Unless otherwise indicated, capitalized terms have the same meaning as those in the Disclosure Booklet. Effective on or about November 7, 2021, CollegeChoice Advisor will begin to offer a new Year of Enrollment PORTFOLIO and change certain Underlying Investments in both the Year of Enrollment and INDIVIDUAL Investment Options.

2 The Underlying Investment changes for the Year of Enrollment Portfolios include the update of the target allocations among all Underlying Investments. The target allocation update will occur in two steps as detailed in the Target Allocation Tables beginning on page 4 below, with a partial change effective on or about November 7, 2021 and the final changes effective on or about January 14, 2022. Updates provided in the July 2021 Supplement to add Class I Shares are restated in this Supplement. We will not send a separate confirmation at the conclusion of these transactions.

3 Please reference your quarterly statements for details about these transactions. INDIVIDUAL Investment Option Changes Overview. CollegeChoice Advisor is changing certain Underlying Investments. In addition, the name of the Boston Company Dynamic Large Cap Value PORTFOLIO is being changed to Vanguard Equity Income PORTFOLIO . These transitions are effective on or about November 7, 2021 and are shown in the table below: Existing PORTFOLIO Existing PORTFOLIO s Underlying Investment New PORTFOLIO New PORTFOLIO s Underlying Investment TIPS Index PORTFOLIO Vanguard Short-Term Inflation Protected Securities ETF TIPS Index PORTFOLIO Vanguard Short-Term Inflation Protected Securities Institutional Core Bond Index PORTFOLIO Schwab Aggregate Bond ETF Core Bond Index PORTFOLIO Schwab Aggregate Bond Index Fund Large Cap Index PORTFOLIO iShares Core S&P 500 ETF Large Cap Index PORTFOLIO Schwab S&P 500 Index Fund The Boston Company Dynamic Large Cap Value PORTFOLIO The Boston Company

4 Dynamic Large Cap Value Separate Acct Vanguard Equity Income PORTFOLIO Vanguard Equity Income Admiral Emerging Markets Equity Index PORTFOLIO Vanguard FTSE Emerging Markets ETF Emerging Markets Equity Index PORTFOLIO Vanguard Emerging Markets Stock Index Institutional Plus Year of Enrollment Investment Option Changes Overview. Beginning on or about November 7, 2021 a new Year of Enrollment PORTFOLIO : 2040 Enrollment PORTFOLIO will become available. In addition, certain Underlying Investments are changing effective on or about November 7, 2021. The following table lists the existing Underlying Investments that are changing and the replacement Underlying Investments.

5 ES-INA-SUP-102021 Existing Underlying Investment Replacement Underlying Investment Schwab Aggregate Bond ETF Vanguard Total Bond Market II Index Fund Institutional Vanguard FTSE Emerging Markets ETF Vanguard Emerging Markets Stock Index Institutional Plus iShares Core S&P Total Stock Market ETF Schwab S&P 500 Index Fund Schwab REIT ETF Vanguard Real Estate Index Institutional Schwab International Equity ETF iShares MSCI EAFE International Index K Vanguard Short-Term Inflation Protected Securities ETF Schwab Treasury Inflation Protected Securities Index iShares Core International Aggregate Bond ETF Vanguard Total International Bond Index Institutional New Underlying Investments are being added to the allocation mix for the Year of Enrollment Portfolios effective on or about November 7, 2021 as shown in the following table.

6 New Underlying Investments Vanguard High Yield Corporate Admiral DFA International Small Company Institutional Vanguard Equity Income Admiral Carillon Reams Core Plus Bond I Vanguard Core Bond Admiral American Funds EuroPacific Growth Fund F3 Vanguard Extended Market Index Institutional Plus T. Rowe Price Large Cap Growth Separate Account Accordingly, the following changes are made to the Plan Disclosure Booklet: 1. The following replaces the bulleted paragraph Year of Enrollment Portfolios on page 4 of the Plan Disclosure Booklet: Year of Enrollment Portfolios: This Investment Option invests in a PORTFOLIO that automatically moves to progressively more conservative investments as your Beneficiary approaches college age.

7 There are eight (8) Year of Enrollment Portfolios available. These Portfolios invest in ETFs, mutual funds, and separate accounts managed by Vanguard, Schwab, BlackRock, DFA, American Funds, T. Rowe Price, Carillon Tower Advisors, and a funding agreement provided by New York Life. 2. The following replaces the bulleted paragraph INDIVIDUAL Portfolios on page 4 of the Plan Disclosure Booklet: INDIVIDUAL Portfolios: This option has twelve (12) different Portfolios from which to choose. The types of investments (for example - stocks, bonds, or cash) each PORTFOLIO invests in remains fixed over time.

8 Each INDIVIDUAL PORTFOLIO invests in a single Underlying Investment. The Underlying Investments are managed by American Funds, Diamond Hill, Schwab, BlackRock, PIMCO, T. Rowe Price, and Vanguard. 3. The following replaces in its entirety the Investment Information and PORTFOLIO Descriptions sections beginning on page 35 and continuing through the end of page 53 of the Plan Disclosure Booklet: Investment Information In this Section, you will find information about the Portfolios, including a discussion of the Year of Enrollment Portfolios, the INDIVIDUAL Portfolios, and the Savings and Capital Preservation Portfolios.

9 You and your Financial Professional should consider the information in this Section carefully before choosing to invest in CollegeChoice ES-INA-SUP-102021 Advisor. Information about each PORTFOLIO s strategy and risks has been provided by the Investment Managers and the Managers of the Savings and Capital Preservation Portfolios. If you have questions about any of the investment-related information in this Section, please call a Client Service Representative at 1-866-485-9413 or contact the appropriate Investment Manager prior to making an investment decision. Here s where you can find specific investment information in this Supplement: Investments PORTFOLIO Descriptions.

10 7 Year of Enrollment PORTFOLIO Descriptions ..7 INDIVIDUAL PORTFOLIO Savings and Capital Preservation PORTFOLIO Additional Investment Explanation of Investment Investments Overview Your Account assets are held in the Trust. Your Account is held for your exclusive benefit and may not be transferred or used by the Plan Officials for any purpose other than those of the Trust. Please keep in mind that you will not own shares of the Underlying Investments. You are purchasing Units in the Trust composed of Portfolios, which invest your contributions in one or more of the Underlying Investments.