key employee Definition
Key Employee: The IRS Term for Highly Compensated Employees
A key employee is an employee with major ownership and/or decision-making role in the business. Key employees are usually highly compensated either monetarily ...
Who Are Highly Compensated and Key Employees? | DWC
Key Employees · 5% owner test: An individual is a key employee if he or she owns more than 5% of the company sponsoring the plan. · 1% owner test: An individual ...
What is a key employee? - PeopleKeep
Key employees aren't your average workers. These employees are key to the overall success of a company. They typically influence the ...
Is my 401(k) top-heavy? | Internal Revenue Service
Key employees are officers or owners of your business who at any time during the year before your testing date were: ... A non-key employee is ...
Definition: key employee from 26 USC § 416(i)(1) - Law.Cornell.Edu
key employee ... For purposes of clause (i), no more than 50 employees (or, if lesser, the greater of 3 or 10 percent of the employees) shall be treated as ...
A key employee is defined by the IRS as an employee, either living or dead, who meets one of the following three criteria.
FMLA Matters: What Does It Mean to Be a "Key Employee"?
First, a key employee is one who must be paid on a salary basis, as that term is used in the U.S. Department of Labor regulations governing the ...
Key Employees - elaws - Family and Medical Leave Act Advisor
Under certain circumstances, an employer may deny job restoration to "key employees." A "key employee" is a salaried, FMLA-eligible employee who is among ...
Key Employees: Definition and Their Influence | Indeed.com
Key employees refer to employees with a large amount of ownership or a decision-making role within a company.
What is a Key Employee? Definition and Explanation - AllVoices
A key employee is an individual who holds a critical position within an organization and possesses skills, knowledge, or experience that are essential to the ...
Key Employee - Overview, Criteria for Classification
A key employee in an organization is an individual with ownership in the organization and/or who has an influence on decisions made in the organization.
Top-heavy errors in defined contribution plans - IRS
A key employee is an employee, who at any time during the plan year ... The top-heavy minimum contribution is based on a total compensation ...
Definition of Key Employee - Nonprofit Accounting Basics
The employee has or shares the ability to control or determine 10% or more of the organization's capital expenditures, operating budget, or ...
What is a 'Key Employee' Under FMLA & Why You Should Care
Under the FMLA, a “key employee” is defined as “a salaried, FMLA-eligible employee who is among the highest paid 10 percent of all the employees ...
29 CFR 825.217 -- Key employee, general rule. - eCFR
§ 825.217 Key employee, general rule. ... (a) A key employee is a salaried FMLA-eligible employee who is among the highest paid 10 percent of all the employees ...
How to identify key employees and HCEs for 2021 ...
A Key Employee is one who in the prior plan year* met one or more of these criteria: An officer of the company earning $185,000 or more annually;; A 1% owner ...
Are You a “Key Employee” Under the Family Medical Leave Act?
According to 29 C.F.R. Section 825.217(a), a key employee is defined as an employee who receives a salary and is among the highest-paid 10% of ...
Case of the Week: Who Is an Officer for Top-Heavy Determination?
A key employee is any employee who at any time during the plan year containing the determination date (the determination date year) is an officer who meets a ...
Key Employee Definition: 10k Samples - Law Insider
Define Key Employee. means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, ...
What is a key employee and what factors are important? - Career.io
A key employee is typically someone who is highly paid and has direct influence over the company's success and direction. · Key employees often oversee risk ...