Knightly, Arnold
December 2008
Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP20
The article reports on the decision of Station Casinos of Las Vegas, Nevada to suspend the matching contributions for the 401(k) retirement plans of its employees. It relates that more and more companies across the U.S. are taking steps to cut their operating expenses because of the economic downturn. Two major companies in the U.S. that have suspended their 401(k) contributions are General Motors Corp. and Frontier Airlines Holdings. MGM Mirage has decided to terminate its supplemental executive retirement plan in November 2008.


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