Highly Compensated Employee Threshold 2024. The final rule will increase the standard salary level and the highly compensated. If you receive compensation in 2024 that's more than $155,000 and you’re in the top 20% of employees as ranked by compensation, your employer can classify you as a highly.
The employee must earn a total annual. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date.
A Highly Compensated Employee (Hce) Is An Individual Who Meets One Of The Following Criteria:
The salary threshold for the highly compensated.
Highly Compensated Employees (Hces) Are Employees Who Earn More Than The Irs Maximum Allowable Compensation For A 401 (K) Of $155,000 ($150,000 For 2023), Or.
The final rule increased the eap annual salary amount to $43,888 in july 2024, and is scheduled to increase to $58,656 in january 2025.