2024 Highly Compensated Employee

2024 Highly Compensated Employee. A recent final rule that will significantly increase the fair labor standards act’s (flsa’s) annual salary thresholds for the highly compensated employee (hce). The threshold for determining who’s a highly compensated employee will increase to $155,000 (up from $150,000).

If your employer limits your contribution because you’re a highly compensated employee (hce), the minimum compensation to be counted as an hce. The threshold for determining who’s a highly compensated employee will increase to $155,000 (up from $150,000).