Simple Ira Limits 2024. Please note that the $16,000 (or $19,500) is far less than the amount that you are eligible to contribute to a 401 (k). The 2024 simple ira contribution limit for employees is $16,000.

Employers can make matching contributions of up to 3% of the participant’s salary.  — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.