Common use of Breakpoints Clause in Contracts

Breakpoints.  Breakpoint pricing, otherwise known as volume pricing, will be at dollar thresholds as described in the 529 Plan Description. Rights of Accumulation (ROA)  The applicable sales charge on a purchase of Class A units is determined by taking into account all classes of the 529 Plans where Voya serves as the primary distributor and Voya funds (except certain money market funds and any assets held in group retirement plans) held by the account owner or in an account grouped by ▇▇▇▇▇▇ ▇▇▇▇▇ with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all units held on the ▇▇▇▇▇▇ ▇▇▇▇▇ platform and/or held on another platform. The inclusion of eligible assets in the ROA calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge.  ROA is determined by calculating the higher of cost minus redemptions or market value (current units x NAV). Letter of Intent ("LOI")  Through a LOI, account owners can receive the sales charge and breakpoint discounts for purchases account owners intend to make over a 13-month period from the date ▇▇▇▇▇▇ ▇▇▇▇▇ receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the account owner intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the account owner makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Purchases made before the LOI is received by ▇▇▇▇▇▇ ▇▇▇▇▇ are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. Sales Charge Waivers Sales charges are waived for the following account owners and in the following situations:  Associates of ▇▇▇▇▇▇ ▇▇▇▇▇ and its affiliates and their family members who are in the same pricing group (as determined by ▇▇▇▇▇▇ ▇▇▇▇▇ under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from ▇▇▇▇▇▇ ▇▇▇▇▇ in good-standing and remains in good standing pursuant to ▇▇▇▇▇▇ ▇▇▇▇▇' policies and procedures.  Units purchased from the proceeds of redeemed units of the same 529 Plan so long as the following conditions are met: 1) the proceeds are from the sale of units within 60 days of the purchase; and 2) the sale and purchase are made in the same Option and the same account or the purchase is made in an individual account.  Units exchanged into Class A units from another class so long as the exchange is into the same Option and was initiated at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇ is responsible for any remaining CDSC due to the 529 Plan, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the Program Description.  Exchanges from Class C units to Class A units of the same 529 Plan, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. This waiver does not apply to Class C units which, consistent with the 529 Plan Description, automatically convert at an earlier date.  Purchases of Class A units through a rollover from another 529 Plan.  Purchases made for recontribution of refunded amounts. Contingent Deferred Sales Charge (CDSC) Waivers If the account owner purchases units that are subject to a CDSC and those units are redeemed before the CDSC expires, the account owner is responsible for paying the CDSC except in the following conditions:  The death or disability of the account owner or beneficiary.  Units acquired through NAV reinstatement. Other Important Information Regarding Transactions Through ▇▇▇▇▇▇ ▇▇▇▇▇ Minimum Purchase Amounts  Initial purchase minimum: $250  Subsequent purchase minimum: none Exchanging Share Classes  At any time it deems necessary, ▇▇▇▇▇▇ ▇▇▇▇▇ has the authority to exchange at NAV an account owner's holdings in an Option to Class A. Age-Based Option reinvestments for account owners purchasing units through an ▇▇▇▇▇▇ ▇▇▇▇▇ platform or account  For account owners investing in Age-Based Options through the ▇▇▇▇▇▇ ▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, during the month following the month of the Beneficiary’s birth date. Account Maintenance Fees  For accounts held in omnibus by ▇▇▇▇▇▇ ▇▇▇▇▇, the annual account maintenance fees are waived. ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ASSOCIATES, INC., ▇▇▇▇▇▇▇ ▇▇▇▇▇ FINANCIAL SERVICES, INC. and each entity’s affiliates (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) The following information has been furnished by ▇▇▇▇▇▇▇ ▇▇▇▇▇. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. Account owners purchasing units through a ▇▇▇▇▇▇▇ ▇▇▇▇▇ platform or account, or through an introducing broker-dealer or independent registered investment adviser for which ▇▇▇▇▇▇▇ ▇▇▇▇▇ provides trade execution, clearance, and/or custody services, will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this 529 Plan’s Program Description. Front-end sales load waivers on Class A units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  Units purchased in an investment advisory program.  Units purchased within the same 529 Plan through a systematic reinvestment of capital gains and dividend distributions.  Employees and registered representatives of ▇▇▇▇▇▇▇ ▇▇▇▇▇ or its affiliates and their family members as designated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  Units purchased from the proceeds of redemptions within the same 529 Plan, provided: (1) the repurchase occurs within 90 days following the redemption; (2) the redemption and purchase occur in the same account; and (3) redeemed units were subject to a front-end or deferred sales load (known as Rights of Reinstatement).  An account owner in the 529 Plan’s Class C units will have their units converted at net asset value to Class A units (or the appropriate unit class) of the 529 Plan if the units are no longer subject to a CDSC and the conversion is in line with the policies and procedures of ▇▇▇▇▇▇▇ ▇▇▇▇▇. CDSC Waivers on Classes A, and C units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  Death or disability of the account owner.  Units sold as part of a systematic withdrawal plan as described in the 529 Plan’s Program Description.  Units sold to pay ▇▇▇▇▇▇▇ ▇▇▇▇▇ fees but only if the transaction is initiated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  Units acquired through a Right of Reinstatement.  Front-end load discounts available at ▇▇▇▇▇▇▇ ▇▇▇▇▇: breakpoints, rights of accumulation, Breakpoints as described in this 529 Plan’s Program Description Rights of accumulation which entitle account owners to breakpoint discounts will be automatically calculated based on the aggregated holding of 529 Plan assets held by accounts within the purchaser’s household at ▇▇▇▇▇▇▇ ▇▇▇▇▇. Eligible 529 Plan assets not held at ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ be included in the calculation of rights of accumulation only if the account owner notifies his or her financial intermediary about such assets. ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇ INCORPORATED (“▇▇▇▇▇▇▇”) The following information has been furnished by ▇▇▇▇▇▇▇. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. If you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, the features and policies related to unit class sales charges (including CDSC), unit class sales charge waiver eligibility, and C unit and C1 unit conversion period likely will be different than referenced in this document and will be governed by the ▇▇▇▇▇▇▇ Terms and Conditions provided to you by ▇▇▇▇▇▇▇ prior to establishing your account. Importantly, if you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, then the Unit Class your account will purchase will generally be based on your eligible assets or meeting other eligibility criteria as set forth in the ▇▇▇▇▇▇▇ Terms and Conditions. 529 plans offered by ▇▇▇▇▇▇▇ on its omnibus platform generally will have three unit classes – A Unit Class, C Unit Class, and Class C1 Unit Class – each with its own fee and expense structure. Each account will purchase a specific unit class when an initial or subsequent contribution is credited to the account. The unit class will be automatically determined at the time of the contribution based on the participant’s eligible assets and/or meeting other eligibility criteria. You will not be able to select the unit class. Among other things, C units and C1 units generally will be automatically converted to A units (not subject to an initial sales charge) after four years from their respective dates of purchase. Age-Based Option reinvestments for account owners purchasing units through a ▇▇▇▇▇▇▇ platform or account For account owners investing in Age-Based Options through the ▇▇▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, on the day following the day of the Beneficiary’s birth date. Please contact your ▇▇▇▇▇▇▇ advisor with any questions or to request a copy of the ▇▇▇▇▇▇▇ Terms and Conditions. TOMORROW’S SCHOLAR® 529 PLAN To the Tomorrow’s Scholar® 529 Plan Program Description and Participation Agreement dated January 2, 2020 This Supplement amends the Tomorrow’s Scholar® 529 Plan Program Description and Participation Agreement, dated January 2, 2020 (the “Program Description”) as previously amended. You should review this information carefully and keep it with your current copy of the Program Description. Capitalized terms not defined herein have the meanings set forth in the Program Description. SUMMARY OF CHANGES

Breakpoints.  Breakpoint pricing, otherwise known as volume pricing, will be at dollar thresholds as described in the 529 Plan Description. Rights of Accumulation (ROA)  • The applicable sales charge on a purchase of Class A units is determined by taking into account all classes of the 529 Plans where Voya serves as the primary distributor and Voya funds (except certain money market funds and any assets held in group retirement plans) held by the account owner or in an account grouped by ▇▇▇▇▇▇ ▇▇▇▇▇ with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all units held on the ▇▇▇▇▇▇ ▇▇▇▇▇ platform and/or held on another platform. The inclusion of eligible assets in the ROA calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge.  • ROA is determined by calculating the higher of cost minus redemptions or market value (current units x NAV). Letter of Intent ("LOI")  • Through a LOI, account owners can receive the sales charge and breakpoint discounts for purchases account owners owner intend to make over a 13-month period from the date ▇▇▇▇▇▇ ▇▇▇▇▇ receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the account owner intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the account owner makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Purchases made before the LOI is received by ▇▇▇▇▇▇ ▇▇▇▇▇ are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. Sales Charge Waivers Sales charges are waived for the following account owners and in the following situations:  • Associates of ▇▇▇▇▇▇ ▇▇▇▇▇ and its affiliates and their family members who are in the same pricing group (as determined by ▇▇▇▇▇▇ ▇▇▇▇▇ under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from ▇▇▇▇▇▇ ▇▇▇▇▇ in good-standing and remains in good standing pursuant to ▇▇▇▇▇▇ ▇▇▇▇▇' policies and procedures.  • Units purchased from the proceeds of redeemed units of the same 529 Plan so long as the following conditions are met: 1) the proceeds are from the sale of units within 60 days of the purchase; and 2) the sale and purchase are made in the same Option and the same account or the purchase is made in an individual account.  • Units exchanged into Class A units from another class so long as the exchange is into the same Option and was initiated at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇ is responsible for any remaining CDSC due to the 529 Plan, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the Program Description.  • Exchanges from Class C units to Class A units of the same 529 Plan, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. This waiver does not apply to Class C units which, consistent with the 529 Plan Description, automatically convert at an earlier date.  • Purchases of Class A units through a rollover from another 529 Plan.  • Purchases made for recontribution of refunded amounts. Contingent Deferred Sales Charge (CDSC) Waivers If the account owner purchases units that are subject to a CDSC and those units are redeemed before the CDSC expires, the account owner is responsible for paying the CDSC except in the following conditions:  • The death or disability of the account owner or beneficiary.  • Units acquired through NAV reinstatement. Other Important Information Regarding Transactions Through ▇▇▇▇▇▇ ▇▇▇▇▇ Minimum Purchase Amounts  • Initial purchase minimum: $250  • Subsequent purchase minimum: none Exchanging Share Classes  • At any time it deems necessary, ▇▇▇▇▇▇ ▇▇▇▇▇ has the authority to exchange at NAV an account owner's holdings in an Option to Class A. Age-Based Option reinvestments for account owners purchasing units through an ▇▇▇▇▇▇ ▇▇▇▇▇ platform or account  • For account owners investing in Age-Based Options through the ▇▇▇▇▇▇ ▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, during the month following the month of the Beneficiary’s birth date. Account Maintenance Fees  • For accounts held in omnibus by ▇▇▇▇▇▇ ▇▇▇▇▇, the annual account maintenance fees are waived. ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ASSOCIATES, INC., ▇▇▇▇▇▇▇ ▇▇▇▇▇ FINANCIAL SERVICES, INC. and each entity’s affiliates (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) The following information has been furnished by ▇▇▇▇▇▇▇ ▇▇▇▇▇. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. Account owners purchasing units through a ▇▇▇▇▇▇▇ ▇▇▇▇▇ platform or account, or through an introducing broker-dealer or independent registered investment adviser for which ▇▇▇▇▇▇▇ ▇▇▇▇▇ provides trade execution, clearance, and/or custody services, will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this 529 Plan’s Program Description. Front-end sales load waivers on Class A units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  • Units purchased in an investment advisory program.  • Units purchased within the same 529 Plan through a systematic reinvestment of capital gains and dividend distributions.  • Employees and registered representatives of ▇▇▇▇▇▇▇ ▇▇▇▇▇ or its affiliates and their family members as designated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  • Units purchased from the proceeds of redemptions within the same 529 Plan, provided: (1) the repurchase occurs within 90 days following the redemption; (2) the redemption and purchase occur in the same account; and (3) redeemed units were subject to a front-end or deferred sales load (known as Rights of Reinstatement).  • An account owner in the 529 Plan’s Class C units will have their units converted at net asset value to Class A units (or the appropriate unit class) of the 529 Plan if the units are no longer subject to a CDSC and the conversion is in line with the policies and procedures of ▇▇▇▇▇▇▇ ▇▇▇▇▇. CDSC Waivers on Classes A, and C units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  • Death or disability of the account owner.  • Units sold as part of a systematic withdrawal plan as described in the 529 Plan’s Program Description.  • Units sold to pay ▇▇▇▇▇▇▇ ▇▇▇▇▇ fees but only if the transaction is initiated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  • Units acquired through a Right of Reinstatement.  • Front-end load discounts available at ▇▇▇▇▇▇▇ ▇▇▇▇▇: breakpoints, rights of accumulation, Breakpoints as described in this 529 Plan’s Program Description Rights of accumulation which entitle account owners to breakpoint discounts will be automatically calculated based on the aggregated holding of 529 Plan assets held by accounts within the purchaser’s household at ▇▇▇▇▇▇▇ ▇▇▇▇▇. Eligible 529 Plan assets not held at ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ be included in the calculation of rights of accumulation only if the account owner notifies his or her financial intermediary about such assets. ▇▇▇▇▇▇▇ ▇▇▇▇▇LYNCH, ▇▇▇▇▇▇PIERCE, ▇▇▇▇▇▇ & ▇▇▇▇▇ INCORPORATED (“▇▇▇▇▇▇▇MERRILL”) The following information has been furnished by ▇▇▇▇▇▇▇Merrill. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. If you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, the features and policies related to unit class sales charges (including CDSC), unit class sales charge waiver eligibility, and C unit and C1 unit conversion period likely will be different than referenced in this document and will be governed by the ▇▇▇▇▇▇▇ Terms and Conditions provided to you by ▇▇▇▇▇▇▇ prior to establishing your account. Importantly, if you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, then the Unit Class your account will purchase will generally be based on your eligible assets or meeting other eligibility criteria as set forth in the ▇▇▇▇▇▇▇ Terms and Conditions. 529 plans offered by ▇▇▇▇▇▇▇ on its omnibus platform generally will have three unit classes – A Unit Class, C Unit Class, and Class C1 Unit Class – each with its own fee and expense structure. Each account will purchase a specific unit class when an initial or subsequent contribution is credited to the account. The unit class will be automatically determined at the time of the contribution based on the participant’s eligible assets and/or meeting other eligibility criteria. You will not be able to select the unit class. Among other things, C units and C1 units generally will be automatically converted to A units (not subject to an initial sales charge) after four years from their respective dates of purchase. Age-Based Option reinvestments for account owners purchasing units through a ▇▇▇▇▇▇▇ platform or account For account owners investing in Age-Based Options through the ▇▇▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, on the day following the day of the Beneficiary’s birth date. Please contact your ▇▇▇▇▇▇▇ advisor with any questions or to request a copy of the ▇▇▇▇▇▇▇ Terms and Conditions. TOMORROW’S SCHOLAR® 529 PLAN To the Tomorrow’s Scholar® 529 Plan Program Description and Participation Agreement dated January 2, 2020 This Supplement amends the Tomorrow’s Scholar® Iowa Advisor 529 Plan Program Description and Participation Agreement, dated January 2April 1, 2020 2019 (the “Program Description”) as previously amended. You should review this information carefully and keep it with your current copy of the Program Description. Capitalized terms not defined herein have the meanings set forth in the Program Description. SUMMARY OF CHANGES

Breakpoints.  Breakpoint pricing, otherwise known as volume pricing, will be at dollar thresholds as described in the 529 Plan Description. Rights of Accumulation (ROA)  • The applicable sales charge on a purchase of Class A units is determined by taking into account all classes of the 529 Plans where Voya serves as the primary distributor and Voya funds (except certain money market funds and any assets held in group retirement plans) held by the account owner or in an account grouped by ▇▇▇▇▇▇ ▇▇▇▇▇ with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all units held on the ▇▇▇▇▇▇ ▇▇▇▇▇ platform and/or held on another platform. The inclusion of eligible assets in the ROA calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge.  • ROA is determined by calculating the higher of cost minus redemptions or market value (current units x NAV). Letter of Intent ("LOI")  • Through a LOI, account owners can receive the sales charge and breakpoint discounts for purchases account owners owner intend to make over a 13-month period from the date ▇▇▇▇▇▇ ▇▇▇▇▇ receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the account owner intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the account owner makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the account owner notifying ▇▇▇▇▇▇ ▇▇▇▇▇ of such assets at the time of calculation. Purchases made before the LOI is received by ▇▇▇▇▇▇ ▇▇▇▇▇ are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. Sales Charge Waivers Sales charges are waived for the following account owners and in the following situations:  • Associates of ▇▇▇▇▇▇ ▇▇▇▇▇ and its affiliates and their family members who are in the same pricing group (as determined by ▇▇▇▇▇▇ ▇▇▇▇▇ under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from ▇▇▇▇▇▇ ▇▇▇▇▇ in good-standing and remains in good standing pursuant to ▇▇▇▇▇▇ ▇▇▇▇▇' policies and procedures.  • Units purchased from the proceeds of redeemed units of the same 529 Plan so long as the following conditions are met: 1) the proceeds are from the sale of units within 60 days of the purchase; and 2) the sale and purchase are made in the same Option and the same account or the purchase is made in an individual account.  • Units exchanged into Class A units from another class so long as the exchange is into the same Option and was initiated at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇ is responsible for any remaining CDSC due to the 529 Plan, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the Program Description.  • Exchanges from Class C units to Class A units of the same 529 Plan, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇. This waiver does not apply to Class C units which, consistent with the 529 Plan Description, automatically convert at an earlier date.  • Purchases of Class A units through a rollover from another 529 Plan.  • Purchases made for recontribution of refunded amounts. Contingent Deferred Sales Charge (CDSC) Waivers If the account owner purchases units that are subject to a CDSC and those units are redeemed before the CDSC expires, the account owner is responsible for paying the CDSC except in the following conditions:  • The death or disability of the account owner or beneficiary.  • Units acquired through NAV reinstatement. Other Important Information Regarding Transactions Through ▇▇▇▇▇▇ ▇▇▇▇▇ Minimum Purchase Amounts  • Initial purchase minimum: $250  • Subsequent purchase minimum: none Exchanging Share Classes  • At any time it deems necessary, ▇▇▇▇▇▇ ▇▇▇▇▇ has the authority to exchange at NAV an account owner's holdings in an Option to Class A. Age-Based Option reinvestments for account owners purchasing units through an ▇▇▇▇▇▇ ▇▇▇▇▇ platform or account  • For account owners investing in Age-Based Options through the ▇▇▇▇▇▇ ▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, during the month following the month of the Beneficiary’s birth date. Account Maintenance Fees  • For accounts held in omnibus by ▇▇▇▇▇▇ ▇▇▇▇▇, the annual account maintenance fees are waived. ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ASSOCIATES, INC., ▇▇▇▇▇▇▇ ▇▇▇▇▇ FINANCIAL SERVICES, INC. and each entity’s affiliates (“▇▇▇▇▇▇▇ ▇▇▇▇▇”) The following information has been furnished by ▇▇▇▇▇▇▇ ▇▇▇▇▇. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. Account owners purchasing units through a ▇▇▇▇▇▇▇ ▇▇▇▇▇ platform or account, or through an introducing broker-dealer or independent registered investment adviser for which ▇▇▇▇▇▇▇ ▇▇▇▇▇ provides trade execution, clearance, and/or custody services, will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this 529 Plan’s Program Description. Front-end sales load waivers on Class A units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  • Units purchased in an investment advisory program.  • Units purchased within the same 529 Plan through a systematic reinvestment of capital gains and dividend distributions.  • Employees and registered representatives of ▇▇▇▇▇▇▇ ▇▇▇▇▇ or its affiliates and their family members as designated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  • Units purchased from the proceeds of redemptions within the same 529 Plan, provided: (1) the repurchase occurs within 90 days following the redemption; (2) the redemption and purchase occur in the same account; and (3) redeemed units were subject to a front-end or deferred sales load (known as Rights of Reinstatement).  • An account owner in the 529 Plan’s Class C units will have their units converted at net asset value to Class A units (or the appropriate unit class) of the 529 Plan if the units are no longer subject to a CDSC and the conversion is in line with the policies and procedures of ▇▇▇▇▇▇▇ ▇▇▇▇▇. CDSC Waivers on Classes A, and C units available at ▇▇▇▇▇▇▇ ▇▇▇▇▇  • Death or disability of the account owner.  • Units sold as part of a systematic withdrawal plan as described in the 529 Plan’s Program Description.  • Units sold to pay ▇▇▇▇▇▇▇ ▇▇▇▇▇ fees but only if the transaction is initiated by ▇▇▇▇▇▇▇ ▇▇▇▇▇.  • Units acquired through a Right of Reinstatement.  • Front-end load discounts available at ▇▇▇▇▇▇▇ ▇▇▇▇▇: breakpoints, rights of accumulation, Breakpoints as described in this 529 Plan’s Program Description Rights of accumulation which entitle account owners to breakpoint discounts will be automatically calculated based on the aggregated holding of 529 Plan assets held by accounts within the purchaser’s household at ▇▇▇▇▇▇▇ ▇▇▇▇▇. Eligible 529 Plan assets not held at ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ be included in the calculation of rights of accumulation only if the account owner notifies his or her financial intermediary about such assets. ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇ INCORPORATED (“▇▇▇▇▇▇▇”) The following information has been furnished by ▇▇▇▇▇▇▇. Neither Voya Investments Distributor, LLC nor Tomorrow’s Scholar 529 Plan has independently verified such information. If you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, the features and policies related to unit class sales charges (including CDSC), unit class sales charge waiver eligibility, and C unit and C1 unit conversion period likely will be different than referenced in this document and will be governed by the ▇▇▇▇▇▇▇ Terms and Conditions provided to you by ▇▇▇▇▇▇▇ prior to establishing your account. Importantly, if you establish or hold your 529 Plan account on the ▇▇▇▇▇▇▇ omnibus platform, then the Unit Class your account will purchase will generally be based on your eligible assets or meeting other eligibility criteria as set forth in the ▇▇▇▇▇▇▇ Terms and Conditions. 529 plans offered by ▇▇▇▇▇▇▇ on its omnibus platform generally will have three unit classes – A Unit Class, C Unit Class, and Class C1 Unit Class – each with its own fee and expense structure. Each account will purchase a specific unit class when an initial or subsequent contribution is credited to the account. The unit class will be automatically determined at the time of the contribution based on the participant’s eligible assets and/or meeting other eligibility criteria. You will not be able to select the unit class. Among other things, C units and C1 units generally will be automatically converted to A units (not subject to an initial sales charge) after four years from their respective dates of purchase. Age-Based Option reinvestments for account owners purchasing units through a ▇▇▇▇▇▇▇ platform or account For account owners investing in Age-Based Options through the ▇▇▇▇▇▇▇ platform, the automatic reinvestments which occur as the Beneficiary ages to the next age band, will occur, when applicable, on the day following the day of the Beneficiary’s birth date. Please contact your ▇▇▇▇▇▇▇ advisor with any questions or to request a copy of the ▇▇▇▇▇▇▇ Terms and Conditions. TOMORROW’S SCHOLAR® 529 PLAN To APPENDIX H - PARTICIPATION AGREEMENT‌ This Participation Agreement is entered into between the Tomorrow’s Scholar® person (“Participant” or “Account Owner”) whose name and signature appear on the attached account application (“Application”), the Iowa Educational Savings Plan Trust (“Trust”), and the State Treasurer of Iowa, acting as trustee (“Trustee”) of the IAdvisor 529 Plan (“Advisor Program”). The Advisor Program Description and Participation Agreement dated January 2, 2020 This Supplement amends was created under Chapter 12D of the Tomorrow’s Scholar® 529 Plan Program Description and Participation Agreement, dated January 2, 2020 Code of Iowa (the “Program DescriptionAct”) and designated to qualify for treatment as previously amended. You should review this information carefully and keep it with your current copy a qualified tuition program within the meaning of Section 529 of the Internal Revenue Code of 1986, as amended from time to time, or other guidance issued thereunder (collectively, the “Code”). The Advisor Program Descriptionis administered by the Trustee. Capitalized terms Terms used in this Participation Agreement and not otherwise defined herein have the meanings defined in the program description statement of the Advisor Program (“Program Description”), receipt of which is hereby acknowledged by the Participant. By signing the Application, you agree to be bound by the terms of this Participation Agreement, the Program Description and the administrative rules set forth in 781 of the Iowa Administrative Code Chapter 16 (the “Program DescriptionRegulations”) described below and represent that you have completed and agree to the terms of the Application. SUMMARY OF CHANGESBy executing an Application, the Trust, the Trustee, and the Participant agree as follows: