What Is A Highly Compensated Employee 2024. — the irs defines a highly compensated employee as someone who meets either of the following criteria : — if you receive compensation in 2024 that's more than $155,000 and you’re in the top 20% of employees as ranked by compensation, your employer can classify you as a highly compensated.
— if your employer limits your contribution because you’re a highly compensated employee (hce), the minimum compensation to be counted as an hce. — on april 23, 2024, the department of labor (dol) issued the highly anticipated final rule to substantially change the minimum salary threshold and highly.
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