Highly Compensation Limit For 2024. In 2024, the 401 (k) contribution limits are $23,000, or $30,500 if you're 50 or older. Anyone age 50 or over is eligible for an additional.


Highly Compensation Limit For 2024

If you own 5% or more of the company that employs you or receive compensation of $155,000 or more in 2024, you are classified as a highly compensated. An hce can be defined as an employee who owned more than 5% of the company at any time during the year (or the year before).

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