2024 Highly Compensated Employee Limit 2024. The table below compares the applicable dollar limits for certain employee benefit programs and the social security wage base for 2023 and 2024.* For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.

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 dollar limitations for retirement plans and certain other dollar limitations.