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Irs Definition Of Highly Compensated 2024
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Irs Definition Of Highly Compensated 2024. Additional changes to note in 2024 include a $345,000 cap on annual compensation that can be considered for plan contributions (previously capped at. The applicable dollar threshold will be the one in effect for 2018 ($120,000).
Highly compensated employees (hces) are employees who earn more than the irs maximum allowable compensation for a 401 (k) of $155,000. Understand what an hce is and the irs rules these employees.
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