IRS Notice: Highly Compensated Employee Definition Guidance Comments Requested (IRC §414)

Comments requested on Notice 97-45, which provides guidance on the definition of highly compensated employee (HCE) within the meaning of I.R.C. §414(q), the IRS provided July 12. The notice requires qualified retirement plans that contain a definition of HCE to be amended to reflect the statutory changes to §414(q). Comments are due Sept. 12, 2022. [IRS Comment Request, 87 Fed. Reg. __ (July 13, 2022)]

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