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5. Stu, age 54, is employed by SOS Plumbing Company as a plumber. He earns $125,000 per year and received an allocation of $44,000 to

5. Stu, age 54, is employed by SOS Plumbing Company as a plumber. He earns $125,000 per year and received an allocation of $44,000 to his employer-provided profit sharing plan for the year. If SOS Plumbing does not match employee deferrals, what is the maximum amount Stu may defer to his 401(k) plan for the 2022 plan year?

a. $19,500 b. $26,000 c. $57,000 d. $23,500 e. $17,000 f. $6,500

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