MGM Resorts To Reinstate 401(k) Matching Contributions
MGM Resorts International has announced it will reinstate the company’s matching contributions into the MGM Resorts 401(k) Retirement Savings Plan beginning this year.
The casino operator eliminated the matching contributions as part of a cost-cutting effort back in 2009.
MGM Resorts Chairman and Chief Executive Officer Jim Murren emailed the company’s 60,000-plus employees adding, there have been signs that the economy is stabilizing.
The match was reinstated with a $500 cap for 2011.