COVERAGE (3 OF 5)
01.Core Concepts
Who is a Highly Compensated Employee? Non-Owner Employees Owner Employees Compensation in excess of $160,000 for 2025** (the look-back year for the 2026 plan year; $155,000 for 2024, the look-back year for the 2025 plan year) Either An owner of >5%* (current or prior plan year) Or Compensation in excess of $160,000 for 2025** (the look-back year for the 2026 plan year; $155,000 for 2024, the look-back year for the 2025 plan year) * Anyone who owns more than 5% of a company’s stock or capital ** If elected, add “and in top 20% of employees ranked by salary”