Children’s clothing maker Carter’s Inc. will pay $20 million in employee bonuses and enhanced retirement plan contributions following the recently enacted tax law, the company announced Feb. 27.
Full-time employees with one year of service will receive bonuses of about 5 percent of their base salary. Part-time employees will receive $100 for each year they’ve been with the company, Carter’s announced.
The company also pledged to match 100 percent of employees’ voluntary 401(k) deferrals made in 2017. The Carter’s 401(k) plan doesn’t currently mandate any employer matching contributions, according to documents filed with the Labor Department in 2017. The company ...
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