Highly Compensated Employee 401k 2024 Benefits

Highly Compensated Employee 401k 2024 Benefits. Generally, a 401 (k) participant can contribute up to $23,000 to a 401 (k) in 2024 ($22,500 in 2023). The irs defines a highly compensated, or “key,” employee according to the following criteria:

In 2024, any 401k highly compensated employee’s single filing can contribute up to a maximum of $23,000. Learn about the 401k contribution limits for highly compensated employees (hces).