Simple Ira Employer Contribution Limits 2024. Here are the simple ira contribution limits to know. What are the mandatory employer contribution options in simple ira employer contributions?
Up to 100% of compensation or $16,000 for 2024, not to exceed 100% of compensation (for those age. Beginning on 1/1/2024, employers may make an optional, additional contribution up to the lesser of 10% of compensation or $5,000 (indexed for inflation).