Maximum Contribution Limit definition

Maximum Contribution Limit means the amount determined by the authority that is necessary to pay the qualified higher education expenses of the designated beneficiary.

Maximum Contribution Limit means the maximum aggregate account balance, established by the Treasurer 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 of the Code. The balance in all accounts for the same Designated Beneficiary in South Carolina-sponsored Section 529 Programs will be aggregated for purposes of applying the Maximum Contribution Limit.

Maximum Contribution Limit. The Maximum Contribution Limit for the Plan is currently $370,000. For purposes of the Maximum Contribution Limit, balances for all accounts for the same Beneficiary under all 529 Plans sponsored by the State of Nevada are aggregated. The Maximum Contribution Limit is based on the aggregate market value of the Account(s) for a Beneficiary, and not solely on the aggregate contributions made to the Account(s).

Examples of Maximum Contribution Limit in a sentence

• If, however, the market value of such accounts falls below the Maximum Contribution Limit, additional contributions will be accepted.

• Contributions will be deposited up to the Maximum Contribution Limit and the remainder will be refunded less any amounts attributable to market losses suffered between the date of the contribution and the date of the refund.

• The Program Manager will not knowingly accept and will reject contributions in excess of the Maximum Contribution Limit.

• If a contribution is applied to an Account and later determined by the Plan to have caused the aggregate market value of the Account(s) for a Beneficiary to exceed the Maximum Contribution Limit, the Plan will refund such Excess Contribution, and any earnings thereon, to the contributor.

• The Program Manager will notify you if you attempt to make a contribution to an account that exceeds the Maximum Contribution Limit.

More Definitions of Maximum Contribution Limit

Maximum Contribution Limit means no additional contributions may be made for the benefit of a particular Beneficiary when the fair market value of all accounts owned by all account owners within the Trust for that Beneficiary equals or exceeds $500,000. If, however, the market value of such accounts falls below the Maximum Contribution Limit, additional contributions will be accepted. The $500,000 Maximum Contribution Limit applies to all accounts for the same Beneficiary in all plans administered by the Nebraska State Treasurer, including the Plan, the NEST Direct Plan, the NEST Advisor Plan and the State Farm 529 Savings Plan.

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 $500,000. Member of the Family — A Member of the Family as defined in Section 529 (see “MANAGING AND MODIFYING AN ACCOUNT – Member of the Family” on page 94).

Maximum Contribution Limit is defined as follows:

Maximum Contribution Limit is $30,000 or, if greater, one-fourth of the dollar limitation in effect under Section 415(b)(1)(A) of the Internal Revenue Code.

Maximum Contribution Limit means, for salary reduction

Maximum Contribution Limit means the maximum aggregate account balance, established by the

Maximum Contribution Limit means the maximum dollar amount of the net asset value of all accounts in the AZ529 Plan, including the Goldman Sachs 529 Plan, and other qualified tuition plans sponsored by the Board and the Trust, as determined by the Treasurer from time to time, to which amount additional Contributions.