Finance Sector Thinking Long Term With 401(k) Boosts

Several finance and insurance companies have led the charge in increasing their matching contributions to workers’ 401(k) plans in response to the new tax law, and their early responses might just be the beginning.

Nationwide Mutual Insurance Co., Aflac Inc., Sun Trust Banks Inc., and Visa Inc., which all hail from the finance and insurance sector, all recently announced increases to their matches for employee 401(k)s in response to the tax bill signed into law by President Donald Trump Dec. 22. The increases to their already generous plans may prompt other companies to think long term when responding to the ...