2024 Highly Compensated Employee Limit

Limit career advancement, and reduce access to incentive These amounts do not yet include matching contributions from employers.


2024 Highly Compensated Employee Limit

If your employer limits your contribution because you’re a highly compensated employee (hce), the minimum compensation to be counted as an hce is $150,000 in 2023. 401 (a) (17) and 408 (k) (3) (c).

Total 401 (K) Plan Contributions By An Employee And An Employer Cannot Exceed $69,000 In 2024.

Updated on february 15, 2024.

401 (A) (17) And 408 (K) (3) (C).

In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older).

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However, Hces May Face Additional Limits:

Increased by $500 from 2023 to 2024, allowing employees under 50 to contribute up to $23,000.

These Amounts Do Not Yet Include Matching Contributions From Employers.

Irs dependent care fsa limits 2024 highly compensated employee.