Highly Compensated Employee 2024 Dollar Value

Highly Compensated Employee 2024 Dollar Value. The threshold for determining who is a highly compensated employee under section 414(q)(1)(b) increases to $155,000 (from $150,000). Below are the fiscal year 2024 limitations for qualified retirement plans as well as the fiscal year 2024.

An hce can be defined as an employee who owned more than 5% of the company at any time during the year (or the year before). An individual is also considered an hce if they own more than 5% of the business or.