For the purposes of retirement plans, an employee who owns 5% or more of a company...
An employee who, (1) during the current or preceding year, is or was a more than 5 percent owner, or (2) received compensation in excess of the specified dollar limit for the preceding year.
Highly Compensated Employees are defined as those Employees who: (1) are 5% owners during the year or the preceding year, or (2) for the preceding year have compensation from the Employer greater than $85,000. This amount is indexed periodically by the IRS.
An employee is considered highly compensated if he or she was more than a five-percent owner at any time during the current year (plan year beginning in 2005) or the preceding plan year (plan year beginning in 2004); OR had compensation from the employer in excess of $90,000 during the preceding year and, if the employer so elected in their adoption agreement or plan document, was in the top-paid group of the employer. Also see 'Family Attribution' regarding determination of Ownership.
In concerning certain fringe benefit plans, an employee who is an owner/officer of a business or whose salary exceeds a certain amount (indexed for inflation). Many benefits offered by employers do not qualify for favorable tax treatment if they discriminate in favor of HCE's. Employers may also be restricted in the use of "Safe Harbor Valuation" for such benefits provided to such employees.
An employee who, during the year of the preceding year, is or was: (1) a more than 5 percent owner, (2)receiving compensation in excess of $75,000, as indexed, (3) in the top-paid group of employees and receiving compensation in excess of $50,000, as indexed, or (4) an officer receiving compensation in excess of $45,000, as indexed. Life Insurance Everyone is different, and that's why you need a personalized insurance program that is unlike anyone else's. One that is unique to you and to your specific needs.
A Highly Compensated Employees (HCE) is an employee who received more than $90,000 ($85,000 in 2001) in compensation during the last plan year OR is a 5% owner in the company.
an employee who (1) is a 5% owner during the year or the preceding year or (2) received compensation in the prior year in excess of IRS established limits (adjusted for cost-of-living increases) and was a member of the top-paid group of employees.
an employee who earns more than a specific dollar amount established by the IRS. This dollar amount is adjusted from time to time for cost of living changes.
An employee who, during the year or the preceding year, is (or was) (1) a 5% owner or (2) receiving compensation in excess of $80,000 (adjusted for cost-of-living increases) and was a member of the top-paid group of employees (if elected by the employer).
In the context of certain fringe benefit plans, an employee who is an owner or officer of a business or whose salary exceeds a certain amount (indexed each year for inflation). Many benefits offered by employers do not qualify for favorable tax treatment if they dis- criminate in favor of highly compensated employees. And employers may also be restricted in their use of safe-harbor valuations of benefits provided to such employees.
Is any employee who during the "determination" year or the "look-back" plan year, owned more than 5 percent of their company; and/or during the "look-back" year, earned more than $90,000 (as indexed).
An employee owning more than five percent of the company or earning more than $80,000.
The Internal Revenue Code has determined that a highly compensated employee of an employee benefit plan is one who receives compensation in the top 20% of all employees, is a 5% owner of the business, and exceeds certain annual compensation levels.