If someone work for two orgs & total comp 120K+, both offer 401. Is HCE check based one EMPLOYER comp for which employee opts 401K or based total comp of both employers?

hemakumari-itsno · ‎October 01, 2022

GlinetteC · ‎October 01, 2022

Thanks for reaching out to the Community, hemakumari-itsno.

Concerning the paycheck or 401(K) comp, if it will base on HCE for one employer or both, I highly suggest contacting the IRS so that they can provide more details about handling this kind of concern.

Here are some resources you can check for additional information about 401(k):

If you have other QuickBooks concerns, you can post them anytime here. The Community is here to help.

View solution in original post

If someone work for two orgs & total comp 120K+, both offer 401. Is HCE check based one EMPLOYER comp for which employee opts 401K or based total comp of both employers?

Employees and payroll