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Highly Compensated Employee Threshold 2024

Highly Compensated Employee Threshold 2024. Since the hce dollar limit for calendar year 2024 is $155,000, an hce for the plan year beginning july 1, 2024, would be defined as someone who earned more. The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023).


Highly Compensated Employee Threshold 2024

In 2024, the 401 (k) contribution limits are $23,000, or $30,500 if you’re 50 or older. For highly compensated employees (hces), the threshold would increase from $107,432 to $132,964 annually, effective 7/1/2024, and again to $151,164 on.

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