Highly Compensated Employee 401k 2024 Plan. It had taken action to make improvements, slightly increasing savings and. — the internal revenue service (irs) defines a highly compensated employee (hce) as one who meets either or both of the following standards:
— if you own more than 5% of the interest in a business or receive compensation above a certain amount (more than $155,000 in 2024 2), determined by. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
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