I think a few things are missing that are important to the conversation.
How much $ are we talking about for a raise that you would want?
How much is your daily job going to change/be harder with these fewer resources?
My approaches to these situations is not to walk into a meeting and...
It is very unlikely that a company match put you over the 401k max. Each individual can put up to 17k or 17.5k next year into their 401k. The company match is completely independent of this and the company's limitations on their contributions to your 401k are in the neighborhood of 30-40k. So...