Highly Compensated Employee 401k 2024

Highly Compensated Employee 401k 2024. Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50. Final thoughts on 401k limits for highly compensated employees.

Discover how hces are defined, the additional limits they face, and strategies. An hce is any employee who meets either an ownership test or a compensation test at any time during the plan year in question or in the.