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For 2002 each individual may contribute a total of $11,000 toward their 401k plan. This is set by the government. The amount is actually set to increase over the next few years and will be $15,000 in 2006.

A lot of companies will match 50%, but usually not for the full amount of your contribution. If your wifes non-profit matches 50% of the whole contribution I would definately max that puppy out. In my case, my company matches 50% of the first 7% of my contribution.

Due to the changes in max. contributions a lot of companies have increased the max percentage you can contribute. For example, my company used to have an 18% max which is now unlimited, althought you will eventially hit the 11k government max.

So if your wife makes 50k a year and wanted to hit the max 11K contribution. That would be 22% of her gross. If she gets paid every two weeks (26 pay periods per year) she would need to contribute 22% of her gross per 2 week period or about $425 a paycheck to hit the max.

Hope this helps,
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