The IRS defines a highly compensated employee as someone who meets either of the following criteria : Owned more than 5% of the interest in the business at any time during the year or the preceding year, regardless of compensation. Received compensation from the business of more than $155,000...
doi:urn:uuid:dfe6e8cc9b31a410VgnVCM100000d7c1a8c0RCRDHighly compensated employees can make catch-up contributions -- except in this case.Liz WestonFox Business