what s a highly compensated employee 
according to the irs a highly compensated employee is someone who either owned more than 5 of the interest in the business at any time during the year or the preceding year regardless of how much compensation that person earned or received or received more than 155 000 in compensation in the previous year if that year is 2024 and the person ranked in the top 20 of employees by compensation the numbers are revised annually by the irs 21