Insurance giant Anthem announced it would give $1,000 to the retirement accounts for more than 58,000 employees and recent retirees due to tax reform.
The insurer said that overall it will contribute more than $58 million to employees' 401(k) programs and it is putting together a new investment program based on changes installed from the tax bill passed late last year.
These changes include automatically creating a retirement account for eligible employees that previously didn’t create a 401(k), according to a report on theindychannel.com.
Anthem is the latest company to announce savings or bonuses due to the tax bill. These companies include Best Buy, which announced $1,000 in bonuses on Sunday, and Lowe’s Home Improvement, which announced bonuses last week.