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

Friday, the Dow lost 68.77 points (0.25%) to finish at 27,154.20, the NASDAQ closed 60.75 points (0.74%) lower at 8,146.49, and the S&P 500 decreased 18.50 points (0.62%) to 2,976.61. The Russell 2000 was down 7.73 points (0.50%) at 1,547.90, and the Wilshire 5000 fell 180.93 points (0.59%) to 30,607.58.

The price of the 10-year Treasury note decreased 24/32, bringing its yield up to 2.048%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 2.576%.

WEEK’S WORTH: For the week ending July 19, the Dow was down 0.65%, the NASDAQ decreased 1.18%, and the S&P 500 lost 1.23%. The Russell 2000 fell 1.41%, and the Wilshire 5000 finished 1.22% lower.