Though the limits are much higher than those for regular IRAs and Roth IRAs, the IRS establishes an annual maximum for the most an individual can save in his or her 401(k) plan. Recently, the 2011 401(k) contribution limits were announced. While they are unchanged from 2010 due to low inflation, they are worth monitoring and your personal contribution limit might increase. Remember, those 50 or older at the end of the year have the opportunity for catch-up contributions.
How Much Can You Save in Your 401(k) Plan During 2011?
From Michael Rubin, About.com GuideNovember 23, 2010
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Although getting a match on your 401k can be good, really look into what you are doing before you start throwing money into an account that isn’t liquid and could be losing money with stocks and mutual funds.