As of 2022, employees may choose to contribute up to $14,000 of their pay a year to a SIMPLE plan. Notably, this limit is exclusive of employer contributions. However, if you are 50 years or older, your limit is raised to $17,000 to help facilitate additional savings as retirement nears. The extra $3,000 limit afforded to individuals who are 50 plus is known as the catch-up contribution limit. A nice gesture for those who are behind on their retirement savings, I know.