There is a maximum limit on the total yearly employee pre-tax salary deferral. The limit is $20,500 for the year 2022, . Employees who are 50 years old or over at any time during the year are now allowed additional pre-tax "catch up" contributions of up to $6,500 for 2022. For future years, the limit will be indexed for inflation, increasing in increments of $500. In eligible plans, employees can elect to have their contribution allocated as either a pre-tax contribution or as an after tax Roth...