GOP Tax Cut Helps Twinkie-Maker Hostess Give Employee Bonuses and Extra 401(k) Contributions

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Posted by Andreas Hellmann on Monday, August 27th, 2018, 5:51 PM PERMALINK


With help from the GOP tax cuts, iconic Twinkie-maker Hostess Brands gave full-time and hourly employees a $1,250 bonus. The bonus consists of $750 in cash and a $500 401(k) contribution. Over 1,000 employees received bonuses. 

"The recent tax reform changes have given us the opportunity to review our benefit and compensation structure with an eye toward further investing in our workforce — our extraordinary team of employees who have and continue to help make Hostess so successful," Executive Chairman C. Dean Metropoulos said in a letter to employees. 

Employees will also receive free Hostess snacks for a year. According to a company press release:

To further sweeten the benefit, Hostess is also offering a year’s worth of free product to all employees. A representative from each bakery location will choose a “product of the week” for the bakery and all employees will be eligible to take home one multi-pack of the week’s selection, every week for a year.

Hostess was founded in 1919. The company makes classic treats such as Ding Dongs, Ho Hos, Donettes, Hostess Bake Shop and Fruit Pies, Twinkies, and CupCakes.

View the national list of tax reform good news and all 50 state lists at www.atr.org/list

Photo Credit: Elyaqim Mosheh Adam

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