Highly Compensated Employee 2024 For 401k Irs
Highly Compensated Employee 2024 For 401k Irs. 401 (k) pretax limit increases to $23,000. Owned more than 5% of the interest in the business at any time during the year or the preceding year, regardless of how much.
The irs defines hces based on employees’ annual total compensation, including paychecks, bonuses, commissions, and cafeteria plan salary deferrals. The remaining test is called the top.