Ibby Randee

Simple Plan Contribution Limit 2024. Secure 2.0 made some significant changes to the simple ira plan contribution limits. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).

For simple plans with 25 or fewer employees, the under. Effective january 1, 2024, employers are permitted to make additional contributions to each participant in a simple plan in a uniform manner, provided that the.