The ESOP Association Blog

Covering ESOPs and employee ownership

ABCs of ESOPs — Are You an ESOP Guru? Be One!

ABCs of ESOPs Flyer Updated 2014

The ABCs of ESOPs is available exclusively to members of The ESOP Association as an interactive learning tool for ESOP participants. It includes lessons, quizzes, a glossary of ESOP terms, frequently asked questions, and games.

To access the ABCs of ESOPs, visit the Association’s website and click the Member Sign In button at the top of the page. Once logged in, click Meet & Learn, then Online Learning.

ABCs of ESOPs page

Log in information for members:

Corporate, affiliate, and educational members – enter membership ID, email address, and the password will be your membership ID.

Professional members – enter membership ID, email address and the password is your last name.

If you have questions about the ABCs of ESOPs, please send an email to membership AT esopassociation.org.

Filed under: Member Services,

August 2015 ESOP Calendar of Events

Looking for an ESOP educational event this month? We’ve got you covered.

Michigan Chapter – 5th Annual CEO / CFO Roundtable Event (Grand Rapids, MI)

August 5, 2015
Michigan Chapter
2015 Michigan CEO-CFO Rountable Brochure/Registration – Grand Rapids
This is an Affiliate and Corporate Members only event hosted by:
Pleune Service Company
750 Himes Street, S.E.
Grand Rapids, MI  49548
For more information contact:  Karrie Imbrogno at karrie@esopchapters.com or 440.989.1552

 

Wisconsin Chapter – ESOPs On-Site (Lake Mills, WI)

August 6, 2015
Wisconsin Chapter
2015 ESOPs On-Site Agenda (Lake Mills)
Hosted by Aztalan Engineering, Inc.
100 South Industrial Drive
Lake Mills, WI 53551
Click to register

For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122

 

Minnesota/Dakota Chapter – 2015 Eggs and ESOP (Oakdale, MN)

August 6, 2015
Minnesota/Dakotas Chapter
2015 Eggs and ESOP
Hosted by Engineering America
647 Hale Avenue North
Oakdale, MN 55128
For more information contact Sue Crockett at scrockett@esopexec.org or via phone at 612.872.4375

 

Minnesota/Dakotas Chapter – 2015 Fall Chapter Meeting (Sioux Falls, SD)

August 6, 2015
Minnesota/Dakotas Chapter
2015 Fall Chapter Meeting (Sioux Falls, SD)
Sioux Falls, SD
2015 Minn-Dak Printable Registration Form (Sioux Falls)
For more information contact Sue Crockett at scrockett@esopexec.org or via phone at 612.872.4375

 

New England Chapter – ESOP HR Conference (Proctor, VT)

August 6th &7th, 2015
New England Chapter
2015 ESOP HR Conference Agenda (Proctor, VT)
Hosted by Carris Reels
49 Main Street
Proctor, VT 05765
Click to register
Seating is limited so register early!
For more information contact Shelly Dennis at sdennis@esopexec.org – 603.756.3441

 

2015 Employee Owner Retreat

2015 Employee Owner Retreat

August 13-15, 2015
Double Tree Suites-Downers Grove
2111 Butterfield Road
Downers Grove, IL  60515
Questions Contact Maya Van Buren 202-293-2971, meetings@esopassociation.org or Chris Cooper at the Ohio Employee Ownership Center 330-672-0338, ccooper1@kent.edu
About the Employee Owner Retreat
The Employee Owner Retreat is a course in capitalism for average pay employees that enhances each participant’s understanding of, and contribution to, her or his ESOP company. Faculty is from the Ohio Employee Ownership Center, which is affiliated with Kent State University. The Employee Owner Retreat is an educational program sponsored by the Employee Ownership Foundation.

 

Carolinas Chapter – 8th Annual ESOP U Summer Conference (Charlotte, NC)

August 13th-14th, 2015
Carolinas Chapter
2015 Carolinas Chapter 8th Annual ESOP U Summer Conference
NASCAR Hall of Fame
400 East Martin Luther King Jr. Blvd.
Charlotte, NC  28202
704-654-4400
www.nascarhall.com
Click to register
Click here to Register for the CEO/CFO Roundtable Forum held on the afternoon of August 13th.
Hotel information –  Hilton Garden Inn Charlotte Uptown
Click to download the printable registration form: 2015 Carolinas Chapter 8th Annual ESOP U Summer Conference Registration Form
For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122

 

Illinois Chapter – 2015 Champaign Event (Champaign, IL)

August 13, 2015
Illinois Chapter
2015 ESOP Downstate Meeting Brochure
Champaign Country Club
1211 South Prospect Avenue
Champaign, IL
For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122

 

Southwest Chapter – 2015 Oklahoma Event (El Reno, OK)

August 19, 2015
Southwest Chapter
2015 Oklahoma Event
Hosted by Gemini Industries, Inc.
421 SE 27th Street
El Reno, OK 73036
For planning purposes, please RSVP by emailing Rick McGee at rickm@gemini-coatings.com.  Please indicate if you will be staying for lunch and the plant tour. For questions call Rick at 405-345-2017
For out of town guests, a block of rooms has been set aside at the Hampton Inn in Yukon
(15 minutes east of El Reno). To reserve a room please call 405-345-6400

 

Heart of America Chapter – 16th Annual Fall ESOP Conference – (Overland Park, KS)

August 25, 2015
Heart of America Chapter
2015 Heart of America Fall Conference Brochure & Registration Form
DoubleTree by Hilton Hotel
10100 College Boulevard
Overland Park, KS   66210
Click to register

For more information contact Karrie Imbrogno at karrie@esopchapters.com or 440.989.1552

 

New South Chapter – ESOP Florida Workshop: Fiduciary Responsibilities and Employee Engagement (Altamonte Springs, FL)

August 27, 2015
New South Chapter
2015 ESOP Florida Workshop:  Fiduciary Responsibilities and Employee Engagement
Forum Architecture & Interior Design
745 Orienta Ave., Suite 1121
Altamonte Springs, FL 32701
Click to register
For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122

Filed under: Chapter News, Conference Information,

July 2015 Link Round Up

It’s that time again…see what you might have missed this month.

 

Booth Sales Open for 2015 Las Vegas Conference & Trade Show

 

ESOP Association President Comments on the Passing of Carolyn B. Long

 

Raise the Bar: More Pro-ESOP Bill Sponsors Needed

 

ESOP Chapter Membership

 

2015 Summer Advocacy Kits Available

 

New Center for American Progress Report Touts Capitalism for Everyone

 

Discussions of Capitalism

ESOP Company News for July

July 2015 Legislative Update

The July 2015 ESOP Report was published

Publications Highlight: Administration Handbook

Mid-Atlantic Chapter Round Table Re-Cap

2015 Las Vegas Conference and Trade Show Preliminary Agenda released

RELEASE: Expansion of S ESOPs Recommended by Senate Finance Committee’s Tax Reform Working Group on Savings & Investment

Welcome New ESOP Association Professional Members

Northwest Chapter News

Information on the Las Vegas Conference and Trade Show

Filed under: ESOP Report, Government Affairs, News Links, Publication, TEA Members,

Booth Sales Open for 2015 Las Vegas Conference & Trade Show

esop-slide-template - 2015 Vegas Conference

Booths are now available for the 2015 Las Vegas Conference & Trade Show, the Largest ESOP Conference in the World!

By clicking below you find trade show floor plan, pricing information, sign-up form, as well as all the important deadline information.

BOOTH INFORMATION

The booths will sell out fast so reserve yours today.

If you have any questions please send an email to maya AT esopassociation.org or call The ESOP Association at 202-293-2971 and ask for Maya Van Buren.

“The ESOP Association; Where the ESOP Community Meets”

Filed under: Conference Information,

RELEASE: ESOP Association President Comments on the Passing of Carolyn B. Long

The ESOP Association sent out the following release today.

For Immediate Release: July 28, 2015

ESOP Association President Comments on the Passing of Carolyn B. Long

Wife of former Senator Russell B. Long of Louisiana

July 28, 2015 (Washington, DC) – ESOP Association President, J. Michael Keeling, issued the following statement today upon learning of the passing of Carolyn B. Long, wife of former Senator Russell B. Long of Louisiana:

“On behalf of the entire employee ownership community, I express gratitude and admiration for the life and work of Carolyn Long on behalf of Americans having more ownership of productive assets through the Employee Stock Ownership model. Without a doubt, the masterful legislative skills of her husband, Senator Russell B. Long, laid down the foundation for our nation’s growing interest in having more Americans be among the owners of the companies where they work; but, Carolyn was a stalwart in advising the Senator, and in urging the Senator to continue his work for all citizens working in the private sector. She bolstered his fortitude to continue his work for employee ownership when so many were skeptical of the power of average pay Americans to improve our economy, and their lives.”

###

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website – www.esopassociation.org and blog – www.esopassociationblog.org.

 

More Information:

Amy Gwiazdowski

202/293-2971

amy AT esopassociation.org

@ESOPAssociation

Filed under: Government Affairs, ,

Raise the Bar: More Pro-ESOP Bill Sponsors Needed

Please note, the following article originally ran as the Washington Report column in the July 2015 issue of the ESOP Report, the newsletter of The ESOP Association.

No question it was pleasing to have introduced in the House, H.R. 2096, (Promotion and Expansion of Private Employee Ownership Act of 2015), and in the Senate S. 1212 (same title) in late April and early May, with clear cut Republican and Democrat members of the House and Senate as co-sponsors. It is pleasing to see that as of July 7, the bi-partisan support grew, for as of that date, the H.R. 2096 list of sponsors had grown from the original eight to 25 — 17 Republicans and eight Democrats — and S. 1212 had grown from the original 11 to 21 — 11 Republicans and eight Democrats and two Independents, who caucus with the Democrats.

But more support is needed to not only have the provisions of these two bills become law, which would be good, as explained below, but would be very important in making sure what ESOP companies have now that increases their profit after taxes remains the law, in view that sometime in the near future all tax laws will be scrutinized, and many eliminated or reduced.

And the bar we have to measure the support for ESOPs in Congress is the bar set in 1993, when 102 members of the House sponsored pro-ESOP bills, and records indicate the high in the Senate was 29 in 1995. Those numbers made a difference when the Ways and Means Committee in 1996 and the Senate Finance Committee in 1996, without opposition, passed the law permitting S corporations to sponsor ESOPs. [As a general rule, it takes often six to eight years from the day a “new” tax benefit idea is introduced to when the tax committees put the idea into a bill it sends the House or Senate floor.]

To move the Congress to put into law the provisions of S. 1212 and H.R. 2096 that would permit a seller of S stock to an ESOP to defer her/his capital gains tax on the proceeds as the seller of C corporation stock has been able to do since 1985, per the provisions of IRS 1042, and to ease the SBA bias against ESOPs when deciding if a small business that has an SBA preference should continue to have that preference when the ESOP owns more than 50% of the company, there needs to be many more sponsors of H.R. 2096 and S. 1212.

Impossible? No, because there are 124 members of the House and Senate who are ESOP advocates because they have sponsored pro-ESOP bills before this year. So, subtract 46 current H.R. 2096 and S. 1212 sponsors, and there 78 men and women in the House and the Senate that have sponsored bills in prior Congresses that are identical to H.R. 2096 and S. 1212.

ESOP advocates just have to ask, via letter, via an ask during a company visit in August, or a town hall session in August, or at a civic club.

Go to the Advocacy Kit, where there is the suggested letter for co-sponsoring these bills — to get suggested words for the ask.

Resting on laurels because it appears that not having any bad ESOP recommendations in last year’s big tax reform proposal put forward by the former Chair of the Ways and Means Committee, Dave Camp, and recently a task force of the Senate Finance Committee recommended consideration of S. 1212 when it takes up major tax reform legislation in the next two to three years, would be dumb, and dumber.

Let’s raise the bar — let’s have the mark reached in 1993 reached again — let’s expand incentives for creation and operation of ESOPs.

It is doable.

Filed under: Employee Ownership Message, ESOP Report, Government Affairs,

ESOP Chapters

Did you know…all members of The ESOP Association are automatically members of their local Chapter and every member is covered by a Chapter. Chapters provide a unique opportunity to network and learn from local area ESOP companies and ESOP service providers. The Chapters hold various ESOP related meetings throughout the year and if you’re interested in learning more about Chapter events, click here for a calendar listings.

Find your local ESOP Chapter!

Chapter map no title

Filed under: Chapter News, Member Services,

2015 Summer Advocacy Kits Available

With the introduction of new pro-ESOP legislation this spring — H.R. 2096 and S. 1212 — we’ve updated the Advocacy Kits with new information and tactics for talking to your members of Congress about ESOPs and employee ownership.

If you would like to download a copy of the new Summer Advocacy Kit and the Congressional Visit Kit, click here.

Monument DC

Filed under: Government Affairs,

New Center for American Progress Report Touts Capitalism for Everyone

The Center for American Progress, a Washington, DC think tank, released an interesting report today titled:

Capitalism for Everyone

Encouraging Companies to Adopt Employee Ownership Programs and Broad-Based Profit Sharing

By Karla Walter, David Madland, and Danielle Corley

More information and the report can be found here.

ESOP Association President, J. Michael Keeling stated, “We agree with this report that recommends that policy makers need to increase programs to ensure that more employees are able to share in owning the companies in which they work and thus able to share in the wealth they help create. Most of all, it is very welcome to read that one of our nation’s leading think tanks recognizes that broad-based ownership is a goal that all national leaders, no matter what political party she or he belongs, no matter whether so-called ‘left’ or ‘right’ should work toward.”

Filed under: Employee Ownership Message, ,

Discussions of Capitalism

You may have seen this op-ed column in The New York Times:

Capitalism for the Rest of Us

By JOSEPH R. BLASI, RICHARD B. FREEMAN and DOUGLAS L. KRUSE

The authors of the column are well-known employee ownership researchers, Dr. Joseph Blasi and Dr. Douglas Kruse at the School of Management and Labor Relations at Rutgers University and Dr. Richard Freeman at Harvard University.

The column makes some great points about the value of employee ownership; we won’t repeat these points here. Go read the column.

What you may also have seen was criticism of the column and its ideas (well-researched ideas we should point out), by Fox News. Here’s where we get confused. Fox is saying this is all part of a liberal agenda when former President Ronald Reagan was a very strong supporter of ESOPs. We offer this video as proof.

 

 

Filed under: Employee Ownership Message, News Links

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