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December 21st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Ask the Experts
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Compensation Limit for 457(b) Plans
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“Is there a 457(b) compensation limit that is similar to the Code Section 401(a)(17) compensation limit for 401(k) and 403(b) plans ($305,000 in 2022)?” 
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| Market Mirror |
Yesterday, the Dow lost 433.28 points (1.23%) to finish at 34,932.16, the Nasdaq closed 188.74 points (1.24%) lower at 14,980.94, and the S&P 500 decreased 52.62 points (1.14%) to 4,568.02. The Russell 2000 was down 34.06 points (1.57%) at 2,139.87, and the Wilshire 5000 fell 588.82 points (1.25%) to 46,439.50.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.426%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.855%.
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ON THIS DATE: In 1620, the “Mayflower”, and its passengers, pilgrims from England, arrived at Plymouth, Massachusetts. In 1898, scientists Pierre and Marie Curie discovered the radioactive element radium. In 1891, 30-year-old James Naismith introduced the first game of basketball. Based on 13 rules created by Naismith, the game was tested by 18 students at the International Young Men’s Christian Association Training School in Springfield, Massachusetts. In 1937, Walt Disney debuted the first, full-length, animated feature in Hollywood, California. The movie was “Snow White and the Seven Dwarfs.” In 1945, U.S. Gen. George S. Patton died in Heidelberg, Germany, of injuries from a car accident. In 1951, Joe DiMaggio announced his retirement from major league baseball. 1968 – Apollo 8 was launched on a mission to orbit the moon. In 1971, the United Arab Emirates was formed. The union of six small Gulf kingdoms—to which a seventh was soon added—created a small state with an outsized role in the global economy. In 1998, the first vaccine for Lyme disease was approved. In 2012, the music video for “Gangnam Style,” a song by the Korean rapper Psy, became the first YouTube video to garner one billion views.
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