Highly Compensated Employee. 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.
Highly Compensated Employee. 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.