Maximum Account Balance. (a) The Board periodically reviews the Maximum Account Balance pursuant to IRS regulations and publishes the amount on the Board’s website (xxxxxxxxxxxxxxxx.xxx).
Maximum Account Balance. I understand that the amount of any contribution to an Account that would cause the market value of such Account and all other Accounts in the Plan including the value of any contracts in the Prepaid Program for the same Beneficiary to exceed the maximum account balance will be rejected and returned to me. I understand that the Board may change the maximum account balance at any time without notice.
Maximum Account Balance. The Maximum Account Balance, which is the combined total balance of all Accounts for a single Beneficiary in all Virginia529 programs (which includes Invest529, Prepaid529, CollegeAmerica and CollegeWealth), is limited to $500,000. Multiple Accounts for the same Beneficiary will be combined for purposes of determining whether the Maximum Account Balance has been reached. Once the aggregate balance on all Virginia529 Accounts for the same Beneficiary reaches $500,000 (including any earnings), earnings will continue to accrue but Virginia529 will not accept additional Contributions or Rollovers unless the aggregate value drops below the Maximum Account Balance. This Maximum Account Balance may be periodically recalculated at Virginia529’s sole discretion. Reaching the Maximum Account Balance does not guarantee that the Account balance will be adequate to cover the Qualified Higher Education Expenses of a particular Beneficiary.
Maximum Account Balance. Currently, the maximum account balance for all Accounts in the Plan, as well as any amounts held in the Prepaid Program for the same Beneficiary is $235,000. Any contribution that would cause the Account balance(s) for a Beneficiary to exceed the maximum account balance will be rejected by the Plan and returned. It is possible that increases in market value could cause amounts in an Account(s) to exceed the maximum account balance limit. In this case, the amount in excess of the maximum could remain in the Account(s), but no new contributions would be accepted. Account transaction request is received in good order before the close of regular trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m., Eastern time). Contribution or withdrawal requests received after the close of regular trading or on a day when the NYSE is not open will be credited to your Account at the Unit value next determined. The value of a Unit in each Investment Option is computed by dividing (a) the Investment Option’s assets minus its liabilities by (b) the number of outstanding Units of such Investment Option. Investments in the Guaranteed Option earn a rate of interest at the declared rate then in effect which will be compounded daily and will be credited to Accounts on a daily basis. Unit Value The Plan will credit contributions to, or deduct withdrawals from, your Account at the Unit value of the applicable Investment Option determined on the day the Plan Fees The following table describes the Plan’s current fees. The Board reserves the right to change the fees and/or to impose additional fees in the future. Fee Table Investment Option Plan Manager Fee (1)(2) Mississippi Administrative Fee Estimated Expenses of an Investment Option’s Underlying Investments(3) Total Annual Asset- Based Fees(4) Managed Allocation Option Age Band 0–4 Years 0.50% None 0.14% 0.64% Age Band 5–8 Years 0.50% None 0.15% 0.65% Age Band 9–10 Years 0.50% None 0.15% 0.65% Age Band 11–12 Years 0.50% None 0.16% 0.66% Age Band 13–14 Years 0.50% None 0.16% 0.66% Age Band 15 Years 0.50% None 0.18% 0.68% Age Band 16 Years 0.50% None 0.20% 0.70% Age Band 17 Years 0.50% None 0.22% 0.72% Age Band 18 Years and over 0.50% None 0.23% 0.73% Aggressive Allocation Option 0.50% None 0.14% 0.64% Moderate Allocation Option 0.50% None 0.15% 0.65% Conservative Allocation Option 0.50% None 0.18% 0.68% Diversified Equity Option 0.50% None 0.21% 0.71% Fixed Income Option 0.50% None 0.19% 0.69% Guaranteed Option(5) None N...
Maximum Account Balance. Agent and Lenders shall have no obligation to make Advances hereunder if and to the extent the aggregate cash balance in the Borrower Parties’ bank accounts exceeds $15,000,000.
Maximum Account Balance. You can contribute up to a Maximum Account Balance of $500,000 for each Beneficiary. The aggregate market value of all accounts for the same Beneficiary under all Qualified Tuition Programs sponsored by the State of New Mexico is counted toward the Maximum Account Balance regardless of the Account Owner. Earnings may cause the Account balances for your Beneficiary to exceed $500,000 and no further contributions will be allowed at that point. If, however, the market value of your Account falls below the 17 Scholar’s Edge Maximum Account Balance, we will then accept additional contributions. Should the Board decide to increase the Maximum Account Balance, which it may in its sole discretion, additional contributions up to the new Maximum Account Balance will be accepted.
Maximum Account Balance. An Account Owner may continue to make contributions to an Account for a designated beneficiary so long as the aggregate balance of all Accounts for all 529 savings plans sponsored by the State of Nevada under the Act does not exceed the Maximum Account Balance, which is currently $500,000. Accounts that have reached the Maximum Ac- count Balance may continue to accrue earnings, although future contribu- tions may not be made to such Ac- counts. The Maximum Account Balance is based on the aggregate market value of the Account(s) for a designated ben- eficiary, and not solely on the aggre- gate contributions made to the Account(s). If, however, the market val- ue of such Account(s) falls below the Maximum Account Balance, additional contributions will be accepted. The Plan may, in its discretion, refuse to accept a contribution, upon deter- mination that acceptance of such con- tribution would not comply with federal or state requirements. None of Ascensus, Victory Capital, the Board, the State of Nevada, all agencies, instrumentalities, and funds of the State of Nevada, the Trust, the Plan and their respective affiliates, officials, officers, directors, employees, and rep- resentatives will be responsible for any loss, damage, or expense incurred with a rejected or returned contribution. The Board is required to set the Maxi- mum Account Balance for all Accounts for a designated beneficiary. The Board expects to evaluate the Maximum Ac- count Balance periodically. Informa- tion concerning the current Maximum Account Balance may be obtained through the Plan. It is possible that federal law might impose different lim- its on maximum allowable contribu- tions in the future. Maximum Account Balance does not apply to Accounts maintained for a scholarship program by a state or local government (or agency or instrumentality) or organi- zation described in Section 501(c)(3) of the Code. Excess Contributions The Plan will not accept any contribu- tion that would cause the Account bal- ance to exceed the Maximum Account Balance (Excess Contribu- tions). All or a portion of the contribu- tion that is an Excess Contribution will be rejected and returned to the con- tributor. The Plan and its service providers will not be responsible for any adverse tax consequences that may result from the return or rejection of Excess Contributions.
Maximum Account Balance. The maximum balance limit shall be equivalent to the value of 803.769 ozt (25kg) of gold per ACE Account, calculated in accordance with the “buy” Bullion Rates.
