Highly Compensated Employee Threshold 2024 In Hindi. As of july 1, 2024, the new minimum salary threshold will increase to $132,964 annually, which must include at least $844 per week on a salary basis. This fact sheet provides information on the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as it applies to highly.

Individuals receiving yearly compensation that exceeds $155,000 in 2024 or $150,000 in 2023 are considered hces. 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),.