Key Employee

As of 2002, a "key employee" is defined as an employee meeting any of the following criteria:

• An officer of the company earning compensation of more than $130,000
• A 5% owner of the company
• A 1% or more owner of the company projected to earn more than $150,000

To view definitions of other 401k-related terms, choose "401k Glossary" from the center menu ("About 401ks in General") at the bottom of any of the main pages of this 401k Census site.

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