Elective Contributions to SIMPLE Plans
YearAmount
2024 $16,000
2023 $15,500
2022 $14,000
2021 $13,500
2020 $13,500
2019 $13,000
2018 $12,500
2017 $12,500
2016 $12,500
2015 $12,500
2014 $12,000
2013 $12,000
2012 $11,500
2011 $11,500
2010 $11,500
2009 $11,500
2008 $10,500
2007 $10,500
2006 $10,000
2005 $10,000
2004 $9,000
2003 $8,000
2002 $7,000
2001 $6,500
 


The following chart reflects the adjustments for years 2001 to 2024.