Maximum Contribution Limit. The maximum aggregate account balance, established by the Committee from time to time, which will limit the amount of Contributions that may be made to Accounts for any one Designated Beneficiary, as required by Section 529. The balance in all accounts for the same Designated Beneficiary in Arkansas-sponsored 529 Plans (regardless of the Account Owner) will be aggregated for purposes of applying the Maximum Contribution Limit. As of the date of this Program Description, the Maximum Contribution Limit is $366,000.
Appears in 2 contracts
Sources: Supplement to the Ishares 529 Plan Program Description and Participation Agreement, Ishares 529 Plan Program Description and Participation Agreement