2024 Highly Compensated Employee Limit
2024 Highly Compensated Employee Limit. Employees 50 or older can. For example, in 2024, an employee must have earned at least $150,000 in 2023 to.
For example, in 2024, an employee must have earned at least $150,000 in 2023 to. Highly compensated employees (hces) are employees who earn more than the irs maximum allowable compensation for a 401(k) of $155,000 ($150,000 for 2023), or who own more than 5% of a business.