Term: Highly Compensated Employees
Definition:Either a 5% owner or a person who earned more than $80,000 during the current or preceding year. Repeals rule treating highest paid officer as an HCE, the top-100 rule, and family aggregation rules in both the HCE definition and the $150,000 compensation cap. Discrimination in favor of this group is prohibited.
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Course | Page Number |
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42 - Accumulated Earnings and Deferred Compensation | 16 |
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