Highly Compensated Employee 2024 Test Quizlet. Tonya, age 52, is a highly compensated employee who earns $375,000 per year and is a participant in her employer's 401(k). Highly compensated employees (hces) who receive total annual compensation of at least $132,964 effective july 1, 2024, and at least $151,164.

The irs defines a highly compensated, or “key,” employee according to the following criteria: Has 200 total employees, 150 of which are nonexcludable employees.