Thanks to the Tax Cuts and Jobs Act passed by the Republican congress and signed by President Donald Trump, Houston-based Insperity is providing $4,000 tax reform bonuses to employees who have been with the company for more than two years. This is the highest bonus amount among the 300-plus companies tracked by Americans for Tax Reform at www.atr.org/list.
The $4,000 bonuses set the new benchmark and invite a challenge to companies to be the first to give $5,000 bonuses.
Employees who have been with Insperity for less than two years will receive tax reform bonuses of $1000, $2000, or $3000.
Insperity is an American success story. It was founded in 1986, launched from a tiny home office, with just two employees. Today the company has 60 offices and 2,700 employees across the United States.
The good news was announced to employees via internal message from CEO Paul Sarvadi. ATR obtained the message, which is reproduced below. A company press release confirming the details can be found here.
To all Insperity Employees,
In December Congress passed a tax reform bill which among other changes, lowered the tax rate for corporations. Insperity is one of those corporations which will benefit accordingly. This change leaves more of our hard earned dollars available after tax to invest in our business as we see fit. We believe all constituencies should benefit from this change including our amazing employees.
Therefore, as was communicated with this morning’s news release we will be paying a one-time bonus as a result of the U.S. tax reform act. We plan for this bonus to be paid on Wednesday February 14, 2018. This bonus is intended for
·full-time employees in grades 14 and below with hire dates 9/30/2017 or before and eligible to receive the 2017 AP payout and eligible to participate in the 2015 AIP Program, and
·full-time employees in grades 14 and below with hire dates, 10/01/2017 to 02/07/2018 and are eligible to participate in the 2018 AIP Program, and
·Business Performance Advisors and Business Performance Consultants with hire dates 02/02/2018 or before
Below is the overview for the bonus payout
Hire Date Payout
12/31/2015 or before $4,000
01/01/2016 to 12/31/2016 $3,000
05/01/2016 to 09/30/2017 $2,000
10/01/2017 to 02/07/2018 $1,000
The tax reform bonus payments will be in addition to the normal AIP program and disbursed similar to your regular paycheck.
Thank you for your hard work and dedication and let’s keep our strong performance going!
If your company gave bonuses, pay raises, 401k match hikes etc. and you do not see the company name listed at www.atr.org/list please send details to [email protected]