However, there is an overall maximum
account balance limit of $ 500,000 which applies to all accounts opened for a beneficiary.
The combined maximum
account balance limit for all section 529 plans established and maintained by the state of Colorado for a particular beneficiary can not exceed $ 400,000.
If your Savings withdrawal amount results in causing the Mango Prepaid Mastercard to exceed its maximum
account balance limit, then the Savings withdrawal will be declined.
No additional contributions may be made for the benefit of an account owner when the fair market value of the account exceeds
the account balance limit of $ 400,000.
If however, the market value of such account falls below
the account balance limit due to market fluctuations and not as a result of withdrawals from such account (s), additional contributions will be accepted.
No additional contributions may be made for the benefit of an account owner when the fair market value of the account exceeds
the account balance limit listed of $ 370,000.
The assets in an account can not exceed
the account balance limit of $ 395,000, but assets can continue to accrue earnings beyond the account balance limit.
However, assets can grow beyond $ 418,000 due to investment earnings without violating the maximum
account balance limit.
The assets in an account can not exceed
the account balance limit of $ 400,000.
If, however, the market value of such accounts falls below
the account balance limit, additional contributions will be accepted.
Accounts that have reached
the account balance limit may continue to accrue earnings, although future contributions may not be made to such accounts.
All account balances for the same beneficiary, regardless of the owner, will be aggregated for purposes of determining the maximum
account balance limit, which currently is $ 446,000.