Highly Compensated Employee 2024 Test Dates. On april 23, 2024, the u.s. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date on july 1, 2024, and on january 1, 2025, when changes in the methodologies used to calculate these levels.

For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023). An employee is an hce if he or she satisfies either of the two.