trending Market Intelligence /marketintelligence/en/news-insights/trending/wxJDT--aKWY8_S08_qEWLQ2 content esgSubNav
In This List

Nelnet paying employees bonus following tax reform

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Nelnet paying employees bonus following tax reform

Nelnet Inc. will pay a $1,000 bonus to nearly all of its 4,100 employees in their Dec. 29 paycheck thanks to the corporate tax rate cut, the Lincoln Journal Star reported.

The tax plan will significantly benefit the company that does little business overseas, the report said, citing Nelnet CEO Jeffrey Noordhoek. The bonus plan will cost Nelnet about $4 million, while its income tax liability could see a decrease of over $50 million based on its 2016 income tax numbers, the report said.