SIMPLE contribution limit

[guaccounts]

Probably a very basic question for most of you, but I am pretty new to the industry.  I know the 2022 SIMPLE IRA contribution limit is $14,000 (or $17,000 with catch up if over age 50).  Does that contribution limit apply only to the amount the employee contributes, or does that limit also include the employer matching amount?

Thanks!

[Bri]

Salary deferrals only.  Match would be on top of the 14,000.

[Bill Presson]

Also (let me just mention because I didn't realize for a long time) the matching contribution is not based on any compensation limit. So if someone makes $500,000 per year and defers $14,000, the match is also $14,000.