Highly Compensated Employee For 2024. Who is a highly compensated employee? Individuals receiving yearly compensation that exceeds $155,000 in 2024 or $150,000 in 2023 are considered hces.
Non highly compensated employee 2024. 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 the irs), youโre considered a highly compensated employee for 401(k) retirement plan purposes.