Simple Ira Catch Up Contribution Limits 2024. What are the contribution limits for a simple ira plan? Yes, simple ira limits are lower than 401(k) limits.
This allows them to contribute an additional amount over the standard limit to their simple ira. For 2024, simple ira participants can only set aside $16,000 in 2024, compared to $23,000 for a 401(k) in 2024.