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[quote=Anonymous]My employer also has a pension, plus provides an optional 401k plan as well (but no match). I have done the math and with the match, the pension works out better (up to a point of course...id much rather be at a place making 400k with no pension or 401k match...however I am sure that comes with other pitfalls)

The only issue in my case is that I work at a place where it is net pay (ie our income is not taxable), so the issue is that what I contribute and what the employer contributes (18% i believe) is based on net pay instead of gross pay (therefore lower contribution). However, given the generous "match", I think it would be hard to find a place that could do better retirement benefits wise. Now is the actual net-pay great, that is debatable (in my view...no given how long it takes to move up levels, you are lucky if you are at 200k net at 50years old).

As other have said (and as something I am admittedly guilty of), there is certainly lifestyle creep as you make more. My solution recently (and if your situation allows) is to use both a pension and 401k (or another alternative). Ie contribute max of what is allowed to your pension, and also contribute a bit (or max out if possible, which in my case is not possible lol, ie 22k ish) the 401k as well. That way, hopefully, you manage to avoid some of the pitfalls of making more yet spending more. 
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