Archive for February, 2012

What is a Highly Compensated Employee (HCE) and Should You Care?

| February 12, 2012 | 0 Comments

In most cases employees are happy to know they are considered “highly compensated”, but when the Department of Labor (DOL) is reviewing your company’s 401(k) plan it’s not such a good label always. ┬áBeing labeled a highly compensated employee (HCE) can reduce the amount an employee may contribute to his or her 401(k). ┬áThe idea […]

Filed Under: Retirement