Highly Compensated Employee 2024 Definition In English . This fact sheet provides information on the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as it applies to highly. An hce may be someone who owns more than 5% of the company they work for.
In theory, highly compensated employees’ 401 (k) limits are the same as retirement contribution limits for other employees. Highly compensated employees (hces) may face special restrictions on 401 (k) contributions.
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Highly Compensated Employee (HCE) Definition and Compensation Threshold , What is a highly compensated employee (hce)?
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Highly Compensated Employee 2024 Limit Denny Felicle , Owned more than 5% of the business at any time during the year or the preceding year, regardless of the amount of compensation received.