Highly Compensated Employee For 2024. The 401 (k) contribution limits for 2023 are $22,500, or $30,000 if you're 50 or older. To qualify for the highly compensated employee (hce) exemption under the flsa, each employee must satisfy the following:

The 401 (k) contribution limits for 2023 are $22,500, or $30,000 if you’re 50 or older. Therefore, in determining whether an employee.