Channa Ernaline

Highly Compensated Employee 2024 Test Answers. Highly compensated employee (hce) exemption q: Highly compensated employees (hces) are employees who earn more than the irs maximum allowable compensation for a 401(k) of $155,000 ($150,000 for 2023), or who own more than 5% of a business.

Highly compensated employee (hce) exemption q: If you receive compensation in 2024 that’s more than $155,000 and you’re in the top 20% of employees as ranked by compensation, your employer can classify you as a highly compensated.