[legion]

I contribute $4200 a year. My employer only matches $900 a year. My employer also offers a very generous pension (it is very rare to see anyone stay past 55 around here), so the 401k is really just additional retirement savings. That said, I've made a killing in my 401k in the last few years. Common knowledge around my workplace is that it is best to save for retirement in this order: get vested in the pension, put $900 a year into your 401k, Max out a Roth IRA, Max out a traditional IRA, then Max out your 401k.