Anthem to Invest More Than $58M in Employee 401(k)s

Anthem Inc. will make a one-time $1,000 contribution to the retirement saving accounts for more than 58,000 employees and recent retirees, the company announced Feb. 5.

The contributions are in response to changes made in the recently passed tax overhaul bill, the Indiana-based health-care provider said. Anthem joins dozens of other employers that have recently announced they will share a portion of their wealth with employees in response to the new tax law, typically in the form of bonuses or an increase to the 401(k) match.

In addition, Anthem will automatically create an account for eligible employees who didn’t already ...