2024 Highly Compensated Employee Limit. If you are 50 or. If you own more than 5% of the interest in a business or receive compensation above a certain amount (more than $155,000 in 2024 2), determined by the irs), you’re considered a highly compensated employee for 401(k) retirement plan purposes.

Medical fsa limitation and maximum carryover amount for 2024. Hces may be able to contribute up to these limits or they may not, depending on how much the company’s.