Tag: permitted disparity in defined contribution plans

Compliance November 28th, 2017

Social Security Administration Revises Maximum Taxable Wage for 2018

This affects the taxable wage base for permitted disparity in defined contribution (DC) plan contributions.

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MARKET MIRROR

Thursday, the Dow dropped 286.14 points (1.11%) to 25,490.47, the NASDAQ lost 122.56 points (1.58%) to finish at 7,628.28, and the S&P 500 closed 34.03 points (1.19%) lower at 2,822.24. The Russell 2000 fell 30.25 points (1.97%) to 1,501.38, and the Wilshire 5000 shed 395.31 points (1.34%) to close at 29,081.51.

The price of the 10-year Treasury note increased 28/32, bringing its yield down to 2.316%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 2.751%.