2024 Highly Compensated Employee. This figure serves as a cap to ensure that contributions. Had compensation in excess of $150,000 in 2023 for determinations in 2024, or in excess of $135,000 in 2022 for determinations in 2023, and, if the employer so elects, was in the.
Identifying a plan’s highly compensated employees (hces) is critical to the operation of a qualified retirement plan. The limits used to define a “highly compensated employee” and a “key employee” are increased to $155,000 (up from $150,000) and $220,000 (up from.