The ESOP Association Blog

Covering ESOPs and employee ownership

February 2015 Wrap-Up

Miss something? We’ve got you covered.

We shared a list of upcoming Chapter events for March.

Don’t forget — the Edmunson Scholarship deadline is March 6!

Find your ESOP Chapter.

ESOP Association President, J. Michael Keeling, talked about the importance of inviting your member of Congress to visit your ESOP company.

The ESOP Association submitted comments to the Senate Committee on Finance Tax Reform Working Group regarding tax reform.

Déjà Vu? Tax Reform in the Senate?

Download your copy of the February 2015 ESOP Report.

Edmunson Scholarships are open for applications.

We shared some ESOP company news.

Updated publication –> Your ESOP: It’s for all of us.

A thank you to Chapter leader, Gale Marett

The Employee Ownership Month Poster Contest opened for submissions.

The ESOP Association submitted comments to the House Ways and Means Committee regarding the state of the U.S. economy and policies that can promote job creation and economic growth.

We shared some tips for winning AACE.

The ESOP Association expressed disappointment once more over a provision in President Obama’s Fiscal Year 2016 budget that pertains to ESOPs.

Filed under: Chapter News, Employee Ownership Foundation, Employee Ownership Message, Employee Ownership Month (EOM), Government Affairs, Publication, TEA Members,

March 2015 Upcoming Events

Following is a list of ESOP Association Chapter events taking place in March 2015. Additional events can be found on the calendar.

 

Northwest Chapter – “ESOPs – Continuing the Education Process” (Anchorage, AK)

March 3, 2015

Northwest Chapter

ESOPs – Continuing the Education Process – Anchorage, AK

Hosted by Alaska Rubber & Rigging Supply

5811 Old Seward Highway

Anchorage, AK  99518

CLICK HERE to Register Online
NW Chapter Printable Registration Form – Alaska
For more information contact Jenifer McDonald at jenifer@caws-esop.org or 916.333.3280

 

 

Iowa/Nebraska Chapter – 2015 IA/NE Chapter Annual Conference (Cedar Rapids, IA)

March 3, 2015

Iowa/Nebraska Chapter

2015 IA/NE Chapter Annual Conference Agenda

Cedar Rapids Marriott

1200 Collins RD. N.E.

Cedar Rapids, IA 52402

Click to register

2015 Printable Registration IA-NE – March

Click on the 2015 Sponsorship Form to sponsor an Iowa/Nebraska Chapter Event! 2015 IA-NE Chapter Sponsorship Form
For more information contact Donna Walseth at dwalseth@esopexec.org or 763.785.4122

 

 

Indiana Chapter – Annual ESOP Conference (Carmel, IN)

March 4, 2015

Indiana Chapter

2015 Indiana Chapter Annual ESOP Conference Agenda

Ritz Charles Carmel

12156 N Meridian St

Carmel, IN 46032

Click to register

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

 

 

Illinois Chapter – 2015 Annual Conference (Oak Brook, IL)

March 5, 2015

Illinois Chapter

2015 Illinois Chapter Annual Conference Agenda – Oak Brook

Chicago Marriott Oak Brook

Oak Brook, Il  60523

www.marriott.com/chiob

Click to register

2015 Printable Registration IL ESOP – March

2015 Illinois Chapter Speaker Proposal Form

2015 Illinois Chapter Sponsorship Form

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

 

 

Wisconsin Chapter – “The Year of the All Star ESOP” Spring Conference (Waukesha, WI)

March 9, 2015

Wisconsin Chapter

“The Year of the All Star ESOP” WIESOP Spring Conference Agenda

Marriott Milwaukee West

W231 N1600 Corporate Court

Waukesha, 53186

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

Click to register

2015 Printable Registration WI ESOP – March

2015 Wisconsin Chapter Sponsorship Form

 

 

OH/KY Chapter – Annual Spring ESOP Conference (Powell, OH)

March 18, 2015

Ohio/Kentucky Chapter

2015 OH/KY Annual Spring ESOP Conference Brochure

Bridgewater Banquet & Conference Center

10561 Sawmill Pkwy

Powell, OH 43065

Click to register

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

 

 

New York & New Jersey Chapter – New York City ESOP Roundtable (New York, NY)

March 18, 2015

New York & New Jersey Chapter

2015 New York City ESOP Roundtable

Hosted by Duff & Phelps, LLC.

55 East 52nd Street – Floor 31

New York, NY  10055
Click to register

For more information contact Shelly Dennis at sdennis@esopexec.org or 603.756.3441

 

 

Iowa/Nebraska Chapter – CEO/CFO Roundtable (Conrad, IA)

March 19, 2015

Iowa/Nebraska Chapter

2015 CEO/CFO Roundtable – Conrad, IA

Hosted by Ritchie Industries

Conrad, IA

Click to register

2015 Sponsorship Form-IA/NE

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

 

 

Minnesota/Dakotas Chapter – Professional Member Breakfast (Minneapolis, MN)

March 19, 2015

Minnesota/Dakotas Chapter

2015 Professional Member Breakfast – Walman

Walman Optical

Minneapolis, MN

For more information contact Sue Crockett at scrockett@esopexec.org or 612.872.4375

 

 

New England Chapter – 2015 CEO Conference (Newport, RI)

March 19th & 20th, 2015

New England Chapter

2015 CEO Conference – Newport, RI

Castle Hill Inn

5900 Ocean Ave.

Newport, RI  02840

Click to register

For more information contact Shelly Dennis at sdennis@esopexec.org or 603.756.3441

 

 

Mid-Atlantic & Carolina’s Chapter – 2015 ESOP Invitational Conference & Golf Tournament (Pinehurst Resort, NC)

March 22-24, 2015

Mid-Atlantic & Carolina’s Chapter

2015 ESOP Invitational Conference & Golf Tournament Agenda

Pinehurst Resort, NC

www.pinehurst.com

Click to register

Click to Register for the March 22, 2015 Golf Outing: 2015 MAC-CAR ESOP Invitational Golf Registration – Pinehurst

Printable Conference Registration Form:

MAC-CAR Chapters Registration Form – Pinehurst 2015

2015 ESOP Invitational Conference Sponsorship – Car-Mac Chapters

For more information contact Shelly Dennis at sdennis@esopexec.org – 603.756.3441 or Donna Walseth at dwalseth@esopexec.org – 763.785.4122

 

 

New South Chapter – 2015 Spring Workshop and Awards Dinner (Atlanta, GA)

March 26, 2015

New South Chapter

2015 NS Chapter Spring Workshop and Awards Dinner Agenda

Maggiano’s Little Italy – Perimeter Mall

4400 Ashford

Dunwoody Road

Atlanta, GA  30346

http://locations.maggianos.com/us/georgia/dunwoody/perimeter
Click to register

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

 

 

Southwest Chapter – 17th Annual Awards Banquet & Spring Conference (Grapevine, TX)

March 26 – 27, 2015

Southwest Chapter

17th Annual Awards Banquet & Spring Conference – Grapevine, TX

Hilton DFW Lakes

1800 Texas 26

Grapevine, TX 76051

Click to register

For more information contact Jim Schranz at 903.575.7345 or via e-mail at jschranz7@gmail.com

 

 

Michigan Chapter – 2015 Annual Spring Conference (Lansing, MI)

March 30, 2015

Michigan Chapter

2015 Annual Spring Conference – Lansing, MI

Lansing Center

333 E. Michigan Ave.

Lansing, MI 48933
For more information contact Karrie Imbrogno at karrie@esopchapters.com or 440.989.1552

Filed under: Chapter News, Conference Information, ,

Connect with the ESOP Chapters

Find your local ESOP Association Chapter here.

All members of The ESOP Association are automatically members of their local Chapter. Every member is covered by a Chapter that provides a unique opportunity to network and learn from local area ESOP companies and ESOP service providers. Chapters hold various ESOP related meetings throughout the year in all 18 Chapters across the country.Chapter map no title

Filed under: Chapter News

ESOP Company News

ESOP Company News from ESOP Association Members

Kocolene Development Corporation Hosts Visit with Congressman Todd Young (R-MN)

Kocolene Development Corporation hosted a visit from Congressman Todd Young at their headquarters in Seymour, Indiana to thank him for his support of ESOPs. Kocolene established its ESOP on December 31, 2009 and became 100% on February 1, 2014.

During his visit, Congressman Young toured both the Kocolene Marketing, LLC office building and Ranger Enterprises, LLC facilities so he could see first-hand the operations of Kocolene Development Corporation.

“Congressman Young’s visit provided our management team the opportunity to discuss with him several business issues important to our company and our industry. We greatly appreciated his willingness to meet with us over the busy holiday season,” stated Gary Myers. Congressman Young is pictured in both the lobby (below) and the Board Room (below) of the Kocolene office alongside Gary F. Myers, Chairman of the Board and Andrea S. Myers, President.

Kocolene began in August of 1938 when Carrie M. Myers purchased the entire capital stock of a very young oil company. Two services stations, one in Seymour and the other in Columbus, Indiana and an old used tank truck were the setting for success. Since its meager beginning, Kocolene has grown to be one of the most respected oil companies in the Midwest. Kocolene today is headquartered in Seymour, Indiana and owns and operates a chain of convenience stores with fuel in Indiana and Kentucky under the name of Fast Max; operates a chain of discount tobacco stores in Indiana under the brand of Smokers Host; a warehousing, logistics and recycling company operating under the name of Ranger Enterprises, LLC; and an environmental services firm operated as Komack Environmental, LLC.

CO News - Todd Young GFM ASM

Co News - Board Room Experience

Malco Products Meets with Congressman Tom Emmer (R-MN)

Congressman Tom Emmer, the Republican Congressman from the 6th District of Minnesota, recently visited Malco Products, Inc. in Annandale, Minnesota. During the plant tour, Congressman Emmer expressed his support for the ESOP business model and some Malco associates shared their thoughts with him about Malco’s ESOP. Mardon Quandt, Malco’s President, updated Congressman Emmer on current ESOP related legislation and tax reform discussions. Congressman Emmer also expressed his support for modifying the road design at an intersection in front of the Malco facility to improve safety.

In photo below, from left to right: Congressman Tom Emmer, Drew Emmer (Emmer support staff), Jeannette Rieger-Borer (CFO of Malco Products, Inc.), Mardon Quandt (President of Malco Products, Inc.).

Malco Products

Hawaii Chapter Members Hear from Senator Mazie Hirono (D-HI)

At the 2014 Hawaii Chapter’s Annual Conference (October 9, 2014), Chapter members were privileged to have Senator Mazie Hirono as the lunch speaker. below are a few photos from the event.

Hawaii Chapter - IMG_7028

Hawaii Chapter - IMG_7029

Filed under: Chapter News, TEA Members, , , ,

A Thank You to Chapter Leader, Gale Marett

At The ESOP Association’s recent Executive Committee meeting of the State and Regional Chapter Council in Dallas, Texas, Tony Lessmeister of Forsythe Technology, Inc., Chair of the Executive Committee of the State and Regional Chapter Council, presented Gale Marett of Salem Distributing Company, Inc. with a certificate of gratitude for her four years of service to the Executive Committee of the State and Regional Chapter Council.

“We want to take this opportunity to thank Gale for her dedication and service to the Association Chapters,” said ESOP Association President, J. Michael Keeling.

Gale Marrett SRCC thanks 3

Filed under: Chapter News,

January 2015 Monthly Wrap-up

As it turns out, January was a busy month…

We noted some upcoming events for February

We reported that the Department of Labor will not mandate ESOP appraisers be ERISA fiduciaries

The ESOP Association filed an amicus in Supreme Court case Tibble V. Edison Int’l

ESOP Association members were named Great Places to Work!

The January 2015 ESOP Report was published

We shared a guest post from AACE Awards Volunteer Coordinator, Paul Horn – 2015 AACE Awards

We highlighted a new report from the Center for American Progress that discusses inclusive prosperity

2015 conference sponsorship were announced

We mentioned a few ways to keep up with Association updates

2015 AACE Awards category information was shared

The Two Day Professional ESOP Forum was announced

The ESOP Administration Handbook was highlighted

ESOP Experts 2015 – If you’re interested, more info here

2015 AACE Awards — we told you what you need to know to enter this year

Filed under: AACE - Annual Awards for Communications Excellence, Chapter News, Conference Information, DOL Proposed Fiduciary Regulation, Employee Ownership Message, Government Affairs, Member Services, Publication, Retirement Issues, TEA Members,

Upcoming February 2015 Events

Looking for an ESOP educational event? Here’s what’s going on in February.

Mid Atlantic Chapter – 2015 Winter Breakfast Meeting (Springfield, VA)

February 10, 2015
Mid Atlantic Chapter
2015 Winter Breakfast Meeting – MAC Chapter
Hosted by:  Mid South Building Supply
7941 Woodruff Court
Springfield, VA 22151
For more information contact Shelly Dennis at sdennis AT esopexec.org – 603.756.3441

Click to register for the Mid Atlantic Chapter meeting

 

Two Day Professional ESOP Forum (New Orleans, LA)

February 26 – 27, 2015
The Ritz-Carlton
New Orleans, LA

The ESOP Association is holding a two day open discussion forum for Professional Members of The ESOP Association. [Professional Members of The Association are sellers of services to ESOP plan sponsors and to parties considering creating an ESOP. Examples of the services are legal, third party administration, valuation, finance, management consulting, financial advice, trustee, and similar services.]

Led by the Chairs of the highly respected Association Advisory Committees on Valuation, Finance, Legislative and Regulatory Affairs, Administration, Ownership Culture and Fiduciary Issues, this two day program will lay bare the tough issues facing ESOP professionals, and present the pros and cons of different views.  The goal is not only to air different view-points, but to move towards consensus as to “best practices” by the ESOP service provider community.

Preliminary Agenda (12/15/2014)
Professional Forum Registration
For hotel reservations:

Group Link – Deluxe King Accommodations

Group Link – Deluxe Double Accommodations

Or call 1 (800) 826-8987 or go to www.ritzcarlton.com/neworleans and enter the following group codes.

Group Codes: SJFSJFA (Deluxe King Accommodations – $239) and SJFSJFB (Deluxe Double Accommodations – $239)

Questions: Contact Rosemary Clements or Maya Van Buren (866) 366-3832 or meetings AT esopassociation.org

 

 

Southwest Chapter – 4th Annual ESOP Chili Cook Off (Irving, TX)

February 26, 2015
Southwest Chapter
4th Annual ESOP Chili Cook Off – Irving, TX
Hosted by:  Inland Truck Parts & Service
2339 E. Grauwyler Rd.
Irving, TX  75061
Please R.S.V.P. to: Butchs AT inlandtruck.com
For Chapter information contact Jim Schranz at 903.575.7345 or via e-mail at jschranz7 AT gmail.com

Filed under: Chapter News, Conference Information, , ,

2015 Calendar of Events

Following is a list of ESOP Association events taking place in January 2015. Additional events can be found on the calendar.

January 12 – 15, 2015
Employee Ownership Foundation & University of Pennsylvania’s School of Social Policy & Practice
Leading in an Ownership Setting: The Program for CEOs – Session II
Inn at Penn
University of Pennsylvania
Philadelphia, PA
Contact Rosemary Clements (202) 293-2971 or rose@esopassociation.org

Registration, Tuition & Hotel Information

 

January 14, 2015
New South Chapter 
2015 ESOP CEO Roundtable – hosted by tvdesign – Atlanta
Thompson, Ventulett, Stainback & Associates Inc.
1230 Peachtree St. NE
2700 Promenade
Atlanta, GA 30309

2015 New South Chapter Sponsorship Form

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

 

January 22, 2015
Minnesota-Dakotas Chapter
2015 Winter Meeting – Minneapolis, MN
Ramada Plaza
1330 Industrial Blvd.
Minneapolis, MN 55413

CEO, CFO, and HR Roundtables will also be held at this conference.  There is a $25.00 registration fee for each Roundtable attendee.  Roundtables will be held on January 22nd from 7:30 am until 9:30 am.

Click to register

 

January 30, 2015
Southwest Chapter 
Board Governance Symposium 2015 – San Antonio
Hotel Contessa
306 West Market Street
San Antonio, TX

Attendance will be limited to 35 attendees consisting of ESOP company board members and ESOP company executives who frequently interact with the board on ESOP related matters.

Overnight Accommodations:  A limited number of rooms have been reserved at a rate of $169 per night plus tax. After January 9th rooms will be subject to availability and at regular hotel pricing. For room reservations contact the Hotel Contessa. Phone 866-435-0900. Mention the SW Chapter of The ESOP Association to get conference pricing.

For more information contact Jim Schranz at 903.575.7345 or via e-mail at jschranz7@gmail.com

 

January 30, 2015
New England Chapter 
2015 NE Strategic Planning Retreat
Surry, NH
Please RSVP to sdennis@esopexec.org

There is a block of hotel rooms at The Keene Courtyard Marriott in Keene, NH.  Our discounted room rate is $119/night.  Please call (603) 354 – 7900 to make your reservation.

Filed under: Chapter News, Conference Information, ,

ESOP Companies in Minnesota and The Dakotas Celebrate 25th Anniversary of Chapter

Minnesota Dakotas Chapter COLOR logo copyThroughout the month of October, ESOP Association members in the Minnesota/Dakotas Chapter celebrated several milestones. In addition to celebrating Employee Ownership Month, the Chapter also celebrated its 25th anniversary.

The Minnesota/Dakota Chapter includes 114 corporate members and 78 professional members in Minnesota, North Dakota, and South Dakota, and has been serving the employee ownership community in the region for 25 years. The Chapter hosted an event on October 9th to honor those Chapter members whose work has helped the Chapter grow tremendously.

“I’m pleased to note the Minnesota/Dakotas Chapter’s 25th anniversary and the benefits the Chapter has brought to members,” said ESOP Association President, J. Michael Keeling. “This is an incredibly active Chapter, with members making personal visits to members of Congress to share the value of employee ownership with their legislators, and this year Chapter members have secured Employee Ownership Month proclamations from the Governors of Minnesota, North Dakota, and South Dakota. What a great way to celebrate Employee Ownership Month.”

“Minnesota and The Dakotas have a strong legacy in successful ESOPs. Employee ownership not only changes the way we do business, it changes lives. We celebrate our 25 years as a Chapter in The ESOP Association with those who have been with the Chapter from the very beginning and those who are just beginning their ESOP journey. We look forward to many more years of advocacy, friendship, and growth in the ESOP community,” said President of The ESOP Association’s Minnesota/Dakotas Chapter, Missy McManigle.

The Chapter’s celebration was also noted in a blog post by a past Chapter President and ESOP Association member, Steve Sheppard. On his personal blog, Winds of Peace Foundation, Mr. Sheppard noted that the party felt like a homecoming for him and the sense of ownership that people in the room felt for the cause of employee ownership. You can read his post here.

MN Dakotas Chapter Celebration 1 MN Dakotas Chapter Celebration 2

Congratulations to the Minnesota/Dakotas Chapter on 25 years!

Filed under: Chapter News, ,

September 2014 Chapter Events

ESOP events in your neighborhood! Take a look at a few Chapter events we have going on this September.

(Current as of August 14, 2014. Check out the calendar for new events.)

September 4, 2014
Heart of America Chapter
15th Annual Fall ESOP Conference
DoubleTree by Hilton
Overland Park, KS  66210
Contact:  Karrie Imbrogno at 440.989.1552 or karrie AT esopchapters.com

September 11 – 12, 2014
Illinois, Iowa / Nebraska, Minnesota / Dakotas & Wisconsin Chapters
Midwest ESOP Regional Conference-ESOPs Move Us Forward
Chicago Oak Brook Hills Resort
Oak Brook, IL
Contact Donna Walseth @ dwalseth AT esopexec.org or (763) 785-4122 or Sue Crockett @ scrockett AT mndak-esop.org or (612) 872-4375

September 12, 2014
Northwest Chapter
Let’s Talk ESOPs Brochure – Billings
Pacific Steel & Recycling
3385 Coulson Road
Billings, MT 59101
Contact Donna Walseth at 763-785-4122 or e-mail dwalseth AT esopexec.org

September 17 – 18, 2014
New South Chapter
“In Tune With ESOPs”
Nashville, TN
Contact Donna Walseth @ dwalseth AT esopexec.org or (763) 785-4122

September 17-18, 2014
PA/DE & NY/NJ Chapters
2014 Multi-State ESOP Conference
Hilton Scranton Conference Center
Scranton, PA
Contact Sue Crockett at scrockett AT esopexec.org or (612) 872-4375

September 18th & 19th, 2014
Southwest Chapter 2014 Fall Conference
Omni Houston Galleria Hotel
4 Riverway
Houston, Texas 77056
Contact:  Jim Schranz at 903.575.7345 or jschranz7 AT gmail.com

September 25, 2014
Michigan Chapter
2014 Annual Fall Conference
Lansing Center
Lansing, MI 48933
Contact: Karrie Imbrogno at 440.989.1552 or karrie AT esopchapters.com

September 26, 2014
Northwest Chapter
Let’s Talk ESOP’s – Portland
Chartwell Capital Solutions

Filed under: Chapter News, Member Services,

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