Since I'm allowed to contribute $17,500 of my salary into my 401k PLUS the company match (currently 5%), wouldn't it make sense to try to negotiate a higher company match in leu of a pay increase? The advantage being that it would allow for me to put more money into my 401k. Am I missing something here? Are there rules against this?
Example: I make $100k and my company matches 5% ($5000) currently. If instead of giving me a raise they are willing to increase my match to 8% ($8,000) I could put $25,500 into my account ($17,500 + $8,000) instead of the $22,500 ($17,500 + $5,000).
Thanks,
Ryan