Twinkies...

Hostess Brands, Inc. is a bakery company formed in June 2013. It owns several bakeries in the United States that produce snack cakes under the Hostess and Dolly Madison brand names.

The company, which makes Twinkies, Ding Dongs and Ho Hos, is providing its employees one-time payments of $1,250 -- with $750 in cash and $500 in the form of a 401(k) contribution. In taking the step, Hostess cited last month's tax legislation, which slashed the rate for U.S. corporations.

The employee perks come after a painful history for Hostess's workforce. The company filed for bankruptcy in 2012 and was temporarily shut down, sending all of its employees packing. Hostess was resurrected in a deal orchestrated by Apollo Global Management and C. Dean Metropoulos & Co., but with a fraction of its former staff.