1. Current wage is your pay period, monthly or annual salary at the end of the 2007 calender year.
2. The company will match up your contribution into the 401k dollar for dollar up to 7.5%, you can contribute more if you wish.
3. You will see an increase in wage as long as you don't elect more benefits than you had under the previous plan, (401k = 7.5% and healthcare = 2%)