The MarketsDecember 30, 2009

Georgia County Slashes 401(k) Match

Employees of a Georgia county near Atlanta have had their 401(k) employer match cut back as part of a broad cost-cutting effort.

Reported by Fred Schneyer

The unspecified 401(k) match reduction by the Forsyth County Commission was approved as part of series of budget cuts for the county government’s FY 2010 operating budget, according to the AccessNorthGa.com Web site.

The news story indicated the recently approved $79-million spending plan was down from the prior year’s total of $84.1 million.