The SIMPLE IRA contribution limits for 2025 are as follows:

• Basic employee contribution limit: $16,500.
• Catch-up contribution for age 50 and older: additional $3,500 (total $20,000).
• Catch-up contribution for ages 60 to 63: $5,250 (total $21,750).
• For employees of companies with 25 or fewer employees, the contribution limit is higher at $17,600 with a catch-up of $3,850 for those 50 or older.

Employer contributions can be either:

• A match of employee contributions up to 3% of compensation (with some flexibility under the Secure Act 2.0 for employers with 26 to 100 employees).
• Or a nonelective contribution of 2% of compensation (up to $350,000 in compensation for 2025).

These numbers represent the maximum annual contributions allowed for SIMPLE IRAs in 2025.