Employees of Nationwide Insurance found out Wednesday they’ll be seeing a big bonus and an increase in 401(k) matching from the company.In an email sent to employees, the company announced it will provide bonuses of $1,000 and increase 401(k) matching from 50 percent on the first 6 percent of employee contribution to 50 percent on the first 7 percent of employee contribution."It's always nice to have a little extra money in your picket," KCCI political analyst Dennis Goldford said. "The Trump administration and Republicans can generally take credit for that." The company said in a statement the one-time bonus impacts approximately 29,000 front-line associates, managers and individual contributors across the country. The 401(k) action impacts approximately 33,000 associates. Nationwide employs more than 4,000 associates in central Iowa.“Nationwide values its associates," the statement said. "People are at the core of our company values. The combination of the new tax legislation, including a reduced corporate tax rate, and our associates’ ongoing commitment to our members, community and On Your Side promise are the reasons we’re making this investment that further enhances the already robust benefits we offer to attract and retain the best talent.”Daniel Connolly, dean of Drake University's Business School, said it could be a move to retain top talent in an already tight labor market. "It's exciting that the companies here are looking to give bonuses to their employees," Connolly said. Wells Fargo, the largest employer in the state, also credits tax reform, saying it's the cuts that let them raise their minimum wage 11 percent to $15 an hour. "The question is whether that will pan out and continue in the long run," Connolly said. Time will tell if it's trickle-down economics in effect as Republicans argue or if Democrats are right in saying it's a mask for the 1 percent of America who reap the majority of these tax cut benefits. As far as where that extra money is headed, Connolly said celebratory dinners and unexpected splurges are most likely in store for those Nationwide employees.