Highly Compensated Employee Threshold 2024. The employee earns total annual compensation of $107,432 or more, which includes at least. The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023).

The threshold for determining who’s a highly compensated employee will increase to $155,000 (up from $150,000). In 2024, the 401 (k) contribution limits are $23,000, or $30,500 if you’re 50 or older.