Simple Ira Employer Contribution Limits 2024

Simple Ira Employer Contribution Limits 2024. For 2024, you can contribute up to $23,000 to a 401 (k) if you're under 50 and up to $30,500 if you are 50 or older. Below are the simple ira contribution limits for employees and employers for 2024:

You can contribute as both an employer and employee. Yes, simple ira limits are lower than 401(k) limits.