Visa Joins Nationwide, Aflac With Boost to 401(k) Match

Visa Inc. joined a club of companies increasing their 401(k) matching programs in response to changes under the new tax structure.

The company said Jan. 8, it would increase the cap for its 401(k) matching program up to 5 percent of an employee’s salary. The company had a 200 percent match, $2 to every $1 an employee saves for retirement, up to 3 percent of an employee’s base pay and will continue that rate under the new cap.

“Tax reform in the United States will strengthen Visa’s competitive position globally and create new opportunities for Visa to invest in our ...