Highly Compensated Employee 401k 2024

Highly Compensated Employee 401k 2024. Adam would obviously be an hce because he owns more than 5% of the company and makes more than $150,000 (2023) or $155,000 (2024). Generally, a 401(k) participant can contribute up to $23,000 to a 401(k) in 2024 ($22,500 in 2023).

Discover how hces are defined, the additional limits they face, and strategies. That’s because one of the primary duties of.