As the first earnings season under the new tax law continues, the list of publically owned companies investing in retirement plans continues to grow.
Last week, Honeywell, Inc. announced in an earnings call that it would be upping its employer match to the company’s $13.3 billion 401(k) plan, but it did not say how much. Executives did say the company plans to repatriate $7 billion in cash.
The tax bill passed last December taxes repatriated cash at 15.5 percent, instead of the 35 percent rate overseas earnings were previously taxed. The overall corporate rate was cut to 21 percent.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
