Key Employee

About Key Employee:

for purposes of qualified retirement plan and cafeteria benefit.

plan discrimination rules, an employee who, at any time during the plan year or any of the 4 preceding plan years is:

1. an officer of the employer having an annual compensation greater than $45,000, 2. one of the 10 employees having annual compensation from the employer of more than $30,000 and owning the largest interests in the employer, 3. a 5% owner of the employer, or.

4. a 1% owner of the employer having annual compensation from the employer of more than $150,000. IRC (check if this IRC provision is current here) §4l6(i)(2).