Non Highly Compensated Employee 2024

Non Highly Compensated Employee 2024. In 2024, the 401 (k) contribution limits are $23,000, or $30,500 if you're 50 or older. First, the employee must be paid a total annual compensation of at least $132,964 as of july 1, which includes at least $844 per week on a salary basis.


Non Highly Compensated Employee 2024

The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the ruleโ€™s effective date on july 1, 2024,. In 2024, the 401 (k) contribution limits are $23,000, or $30,500 if you’re 50 or older.

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