INDIANAPOLIS -- Due to the recent change in U.S. tax law, more than 58,000 employees and recent retirees of Anthem, Inc. will receive a $1,000 contribution to their 401(k) from the company.
Anthem announced Monday that full-time, part-time, temporary associates and recent retirees are eligible to receive the 401(k) contributions.
The company says it will automatically establish a 401(k) account and contribute $1,000 for eligible employees who have not previously taken part in Anthem's 401(k) program.
Associates will receive the contribution on March 29.
According to the Indiana Business Journal, Anthem had 4,700 full-time employees in Indiana in 2017 and was the state's 27th largest employer.
Several other companies have announced they are passing along savings from the new tax law to employees.
Walmart announced one-time bonuses of up to $1,000 and said it would raise its minimum wage to $11 an hour.
American Airlines said it would give 130,000 employees a $1,000 bonus because of the new tax law.
At&T said it would give 200,000 U.S. employees a $1,000 holiday bonus.
Click here to see more companies and how they are passing along the tax code savings
MORE | Verizon and Disney announce bonuses for employees | Only a small slice of corporate America has shared tax savings with workers so far
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