401k Highly Compensated Employee 2024. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Highly compensated employee definition under section 414(q) $155,000:
The elective deferral limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan increases from. The threshold for determining whoโs a highly compensated employee will increase to $155,000 (up from $150,000).