Important CHANGES COMING to your path2college 529 planLearn More Inside.

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PATH2COLLEGE 529 PLAN ENHANCEMENTS: A BRIEF OVERVIEWHere are the main changes you will see with your

Path2College 529 Plan.

Enhanced Investment Menu

x If you currently have the Age-Based (Managed Allocation

or Aggressive Managed Allocation) Investment Option, your

account will automatically convert to a Managed Enrollment

Year Investment Portfolio or Aggressive Managed Enrollment

Year Investment Portfolio. See next page for details and the

added flexibility the Managed Investment Portfolios offer.

x Path2College is introducing two (2) new investment

portfolios to create a suite of static asset allocation portfolios:

Conservative Allocation Portfolio and High Equity Allocation

Portfolio. Together with the Balanced Allocation Portfolio

(formerly named the Balanced Option), these static

investment portfolios offer additional choices for those

who prefer a fixed asset allocation, rather than one that

automatically changes as your child approaches an

enrollment year.

x Path2College will merge the Money Market Option into

the Guaranteed Portfolio, to offer a single “cash equivalent”

option. If you are currently invested in the Money Market

Option, you will be automatically transitioned to the

Guaranteed Portfolio. (visit path2college529.com for

the current effective annual interest rate)

Improved Online Account Management System

x An improved online account management interface.

The new interface will maintain the current security

features to keep your personal information safe.

x A new process for payroll direct deposit. You will no longer

be required to mail in a paper payroll form to Path2College.

For those currently making payroll contributions, a letter

was mailed to you with instructions for the transition.

Please refer to page 2.

Be sure to read this information carefully, including the updated Plan Description and Participation

Agreement available at path2college529/transition or contact us at 1-877-424-4377.

Beginning on May 11, you will need to create a new username and password to access your account

online. The following items are required to complete the re-registration process:

x Your current or new Path2College account number*.

HERE IS WHAT YOU NEED TO DO.

HERE’S WHAT’S NEW.Starting on May 11, 2020 here are the key changes to the Path2College 529 Plan:

x New and improved Online Account Management System.

x New Managed Enrollment/Aggressive Managed Enrollment Year Investment Portfolios.

x New Conservative Allocation and High Equity Allocation Investment Portfolios.

x New single cash equivalent portfolio (Money Market Option merges into the Guaranteed Portfolio).

Your account information, including historical information, account preferences and investment selections

will automatically transition to the new account management system.

1-877-424-4377 path2college529.com This transition will not create a taxable event or count toward your two allowable investment changes per year.

After the transition you may change your investment selection(s) if you have not already made two changes in 2020.

x Account Owner Social Security Number.

x Account Owner Zip Code.

* We recommend you make note of your

current account number before May 8th.

You can obtain it by logging into your

online account or refer to a quarterly

account statement.

The sample screen shot of the Web

Registration page to the right provides

an illustration of the process to register

for a new username and password.

If you are making payroll contributions to

your account, a letter was mailed to you

with additional action required by you.

If you did not receive the mailing, visit

path2college529.com/transition or contact us

for assistance. Payroll contributions submitted to

the Plan after May 7, 2020 will not be processed.

Instead they will be returned to your employer

unless you update your direct deposit instructions.

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The Path2College 529 Plan is committed to

innovation, and more importantly, positioning

your college savings investments for optimal

performance throughout the lifetime of your

account. The Age-Based (Managed Allocation

or Aggressive Managed Allocation) Options have

been popular investment choices for families.

Based on your beneficiary’s age, they automatically

adjust the investment mix of equities, fixed income,

and a cash equivalent over time to become more

conservative as your beneficiary nears the age of 18.

The new Managed Investment Portfolios (Managed

Enrollment Year and Aggressive Managed

Enrollment Year Investment Portfolios) build on

this methodology by offering more flexibility

to meet varying investment objectives, risk

profiles and investment time horizons. Instead

of automatically adjusting the investment mix

based on your beneficiary’s age, the portfolios

automatically adjust based on the expected year

your beneficiary will enroll in school. Plus, you

have the flexibility to choose among any of the

Managed Investment Portfolios whether your

selection is based on the expected year of

enrollment in school for your beneficiary or a

different enrollment year that more closely aligns

with your investment objectives and risk tolerance.

With the new Managed Investment Portfolios,

you will continue to experience the ease of use

– you receive a professionally managed, diverse

investment portfolio that does not require you to

make any manual changes throughout the life of

the investment. And compared to the current

Age-Based Investment Options, the Managed

Investment Portfolios adjust the investment mix

more frequently, resulting in a more gradual shift

in a portfolio’s investment mix.

Learn more about the Managed Enrollment Year Investment Portfolios and Aggressive Managed Enrollment Year Investment Portfolios in the Plan Description available at path2college529.com/transition or contact us at 1-877-424-4377.

DO YOU CURRENTLY HAVE AN AGE-BASED (MANAGED ALLOCATION) INVESTMENT OPTION?

Managed Enrollment Year Investment Portfolio or Aggressive Managed

Enrollment Year Investment Portfolio

Beneficiary Age on

5/8/2020

0-1

2-3

4-5

6-7

8-9

10-11

12-13

14-15

16-17

18+

2036/2037

2034/2035

2032/2033

2030/2031

2028/2029

2026/2027

2024/2025

2022/2023

2020/2021

In School Enrollment

This chart shows how your current Age-Based Investment Option will be transitioned to a Managed Enrollment Year Investment Portfolio or Aggressive Managed Enrollment Year Investment Portfolio.

If this is your current option, please

read this section. If your beneficiary

is not enrolled in this Investment

Option, you may skip ahead to the

“Transition Timeline” section found

on page 6.

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AUTOMATIC CONVERSION TO THE NEW MANAGED INVESTMENT (ENROLLMENT YEAR) PORTFOLIOSDuring the transition, the Path2College 529 Plan will automatically convert your Age-Based (Managed

Allocation or Aggressive Managed Allocation) Investment Option to a Managed Enrollment Year Investment

Portfolio or Aggressive Managed Enrollment Year Investment Portfolio based on the beneficiary’s age on

May 8, 2020. For example, if your beneficiary is 7 years old on May 8, your Managed Allocation (5-8 Years)

Option will automatically convert to the 2030/2031 Managed Enrollment Year Investment Portfolio.

The investment portfolio will automatically adjust to become more conservative as your beneficiary’s

enrollment year approaches. As with all 529 Plans, you may change your investments in your Path2College

account up to twice per calendar year, or upon a change in beneficiary. If you have not made two transfers

among your investment portfolios in 2020, you may do so any time before December 31, 2020. If you have

already made two transfers among your investment portfolios, you will need to wait until January 1, 2021

to do so.

FREQUENTLY ASKED QUESTIONS Why are changes being made to the Path2College 529 Plan?

The Path2College 529 Plan (Path2College) and the

Plan Manager, TIAA-CREF Tuition Financing, Inc., (TFI)

are implementing changes to the Plan to enhance the

overall investor experience and make college savings

easy and accessible to all Georgia families.

What changes are being made?

Effective May 11, 2020, Path2College will launch the

following changes:

x New Managed Enrollment and Aggressive Managed

Enrollment Year Investment Portfolios, replacing the

Age-Based Investment (Managed Allocation and

Aggressive Managed Allocation) Options.

x New Conservative Allocation Portfolio and High Equity

Allocation Portfolio.

x New single cash equivalent portfolio (Money Market

Option merges into the Guaranteed Portfolio).

x New overnight delivery address. 920 Main Street,

Suite 900, Kansas City, MO 64105-2017.

x New feature to select an annual automatic increase

to recurring contributions.

x New 11-digit account numbers.

x New payroll direct deposit process.

x New online account management management system.

x New electronic gifting platform with enhanced features

(you will be given a new gift code for each account

upon registering for a new online username and password.)

Thursday, May 7, 2020

TRANSITION TIMELINE

Please note: You must register for online account access at path2college529.com after the transition and select a username and password to continue accessing and managing your account online. You will need your old account number or your new 11-digit account number (9-digit master + 2-digit extension) to complete this step.

No transactions will be processed if submitted after 4:00 p.m. ET until after the transition.

To make it easier for online account access post-transition, make note of your current account

number and download your most recent account statement. For those who currently utilize

Quicken download, this service will no longer be supported. There are several options on the

market that might be a suitable alternative if desired.

Monday, May 11, 2020Transaction activity resumes as normal.

x In order to access your account online, you will need to proceed to the Web Registration

page, and create a new username and password beginning on May 11, 2020. To complete

the registration process, you may use your old or new 11-digit account number.

x You will receive a confirmation statement with your new Path2College account number

by mail, or if you have elected eDelivery, a confirmation statement will be delivered to

your online account.

Friday, May 8, 2020The website and phone center will be unavailable beginning at 4:00 p.m. ET

until after the transition.

x Your account will automatically transfer to the new account management system.

x If you are currently invested in an Age-Based (Managed Allocation or Aggressive

Managed Allocation) Investment Option, your account balance(s) will automatically

transfer to a new Managed Enrollment Year Investment Portfolio or Aggressive

Managed Enrollment Year Investment Portfolio.

x If you are currently invested in the Money Market Option, your account balance(s)

will automatically transfer to the Guaranteed Portfolio.

1-877-424-4377 path2college529.com

About your new account number

Rather than different account

numbers for each beneficiary, your

new 11-digit account number will

be a 9-digit string of numbers

(your master account number)

followed by a 2-digit extension

distinguishing each of your

beneficiaries. If you have only one

beneficiary the extension is 01, for

multiple beneficiaries 02, 03, etc.

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Please refer to the Plan Description at path2college529.com prior to investing for details on risk, tax benefits, charges and expenses and whether your home state offers tax or other benefits such as financial aid, scholarship funds, or protection from creditors for investing in its own 529 plan. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Consult your legal or tax professional for tax advice. TIAA-CREF Tuition Financing, Inc. (TFI), Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Path2College 529 Plan.

TIAA-CREF Tuition Financing Inc., Program Manager

What is staying the same?

x TIAA-CREF Tuition Financing, Inc., (TFI) as

Plan Manager, with underlying investments

from TIAA-CREF, TIAA-CREF Life, Vanguard

and Dimensional Fund Advisors.

x Our website and phone number.

- path2college529.com

- 1-877-424-4377

x Your current account elections (e.g., delivery

method, investment allocation instructions.)

x Your current automatic/recurring contributions

from a checking or savings account.

x Security levels of online account management

interface system.

FREQUENTLY ASKED QUESTIONS Continued

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What do I need to do?

x Review this transition guide and call if you

have questions.

x Download and keep your year-end account

statements for the last two years and make note

of your old account number for ease of registering

for online access after the transition. You may also

wish to save your most recent 1099-Q if applicable.

x When accessing your online account beginning

May 11, 2020, you will need your old account

number or new 11-digit account number to

register for a new username and password.

x If you are currently contributing to your account

through payroll contributions, you should have

received a separate mailing with transition

instructions. If you did not receive this mailing,

visit path2college529.com/transition or contact

us for assistance.

x If bill pay is utilized, update your new

Path2College account number along with our

address of PO Box 219293, Kansas City, MO

64121-9293 with your bank.

x Destroy any Path2College deposit tickets you

may have. New deposit tickets will be periodically

provided with our statements.

x Please be aware during the transition there will be

a brief period when no account transaction activity

will be processed. Please review the transition

timeline on page 6.