The ESOP Association Blog

Covering ESOPs and employee ownership

April 2014 ESOP Report

April 2014 ESOP Report is now available. To access this month’s issue, you’ll need to sign into the website. The Member Sign In button is located at the top of the page. To get to the ESOP Report, click Meet & Learn. A link to the ESOP Report is located on the left side menu.

April2014ESOPReportCOVER

Filed under: Member Services, Publication, ,

ESOP Association Member Resources — The Website

The ESOP Association is dedicated to providing the highest quality service to our members and the public. The website provides fast access to information on employee ownership and news. Additionally, the new website is accessible on smartphones and tablets through mobile and responsive design versions that make navigation easier and available anywhere on any device.

TEA homepage 4-21-2014

Meet & Learn: Meetings information for both national and Chapter events; publications (print and electronic versions) including all technical and communications information offered by the Association and the ESOP Report newsletter; the online learning tool, the ABCs of ESOPs

Explore: Information on how ESOPs work and industry statistics; links to the Association’s Issue Briefs; and an employee ownership news section which contains an archive of the Association’s press releases

Advocate: Advocacy Kits; Government affairs information and the ESOP bulletin; accessible links to government affairs commentary on YouTube and the Association’s Blog; Employee Ownership Month information; information on the ESOP PAC

Network: ESOP Experts; the Membership Directory; ESOP Yellow Pages; Online Board Registry; and social networking links to connect with the Association

Chapters: Chapter events and links to individual Chapter pages

About the Association: How to contact the Association; information on the ESOP Awards; how to join and member benefits; and sponsorship and advertising information

For questions regarding the website, please send email to lisa AT esopassociation.org or amy At esopassociation.org.

Filed under: Member Services, , ,

The ESOP Association’s Outside Board Registry

As a member service, The ESOP Association maintains an Outside Board Registry. This registry is a list of potential board members knowledgeable about and familiar with ESOPs and employee ownership.

Members of The ESOP Association can be listed free of charge in the registry. To be listed, participants must be employed at or retired from a current ESOP Association member company, or be a current member of the Association in any member category. There is no charge for the registry if requested by a member of the Association.

If you would like to be included in this registry, contact Sharon Spencer at Sharon AT esopassociation.org.

The registry can be found on The ESOP Association’s website under Network. To access the information, you will need to login. The member login is at the top of the page. The Outside Board Register is a member service provided by The ESOP Association.

Filed under: Member Services, Publication, TEA Members, , , ,

Schweitzer Engineering Laboratories, Inc. Named 2014 Better Workplace Award Winner

Schweitzer Engineering Laboratories, Inc. (SEL) located in Pullman, WA, received a 2014 Better Workplace Award from the Association of Washington Business (AWB). Pictured: Stacey Doty, SEL Director of Human Resources and Luis D’Acosta, SEL Chief Operating Officer accept the 2014 AWB Better Workplace Award.

SEL Accepts AWB Award

AWB’s Annual Better Workplace Awards recognize member companies that provide a family-friendly work environment, promote safety, and enable employees to achieve their best. Awards are presented to companies that demonstrate innovation in workplace safety, job training and advancement, and benefit and compensation programs.

SEL received the award in the Innovative Benefits/Compensation category and was selected based on the company’s imaginative employee benefits, including the decision to locate a new manufacturing facility closer to where the employees live and the soon-to-open employee child-care center. In addition to SEL’s ESOP, the company also offers an on-site health center staffed with an advanced nurse practitioner, and a wellness program complete with a workout facility and trained staff. The company also offers monthly education benefits and adoption assistance, in addition to more traditional benefits, such as healthcare insurance, paid personal leave, a 401(k) retirement savings plan, and others.

“It’s exciting to be recognized for the Innovative Benefits/Compensation award,” said Stacey Doty, director of Human Resources. “We strive to provide exceptional benefits, and this award acknowledges that others see value in what we are doing, and that makes us proud.”

SEL was among five companies to receive an award from AWB, which is recognized as Washington’s state chamber of commerce, manufacturing, and technology association, and represents 8,100 private employers from across the state.

Filed under: Employee Ownership Message, Member Services, TEA Members, ,

Carl Warren & Company Celebrates 70 Years

Carl Warren & Company, located in Placentia, CA, recently celebrated its 70th anniversary. To help kickoff the celebration, former Congressman, Joe Baca, stopped by the company’s office to join the employee owners in celebrating. Pictured: Caryn Siebert, President/CEO, Carl Warren & Company and former Congressman Joe Baca.

Carl Warren - Caryn and Joe Baca1And in More Carl Warren News…

On March 7, 2014 the Claims & Litigation Management Alliance (CLM) announced finalists for the 2014 CLM Professionals of the Year Award. Caryn Siebert, President and CEO of Carl Warren & Company was named as a finalist in the category of Claims Management. Finalists were chosen based on their commitment to the profession, leadership in the industry and contribution to the success of their company or clients. Ms. Siebert is a long-time ESOP Association member and Carl Warren & Company was named the ESOP Company of the Year in 2013.  CLM Award winners will be announced in April at the CLM Annual Conference in Florida.

Filed under: Employee Ownership Message, Member Services, TEA Members, ,

Congressman Ron Kind Visits ESOP Company, W.A. Roosevelt

On February 13, 2014, Congressman Ron Kind (D-WI) was on site to visit W.A. Roosevelt in La Crosse, WI. Congressman Kind spent an hour at the company meeting employee owners and spending time with members from the company’s ESOP committee. W.A. Roosevelt is a leading distributor of quality plumbing, electric, refrigeration, and heating and air conditioning equipment & supplies.  W.A. Roosevelt is a division of Dakota Supply Group, a member of The ESOP Association.

Kind WA Roosevelt 1

Kind WA Roosevelt 2

Filed under: Employee Ownership Message, Government Affairs, Member Services, TEA Members, , , ,

ESOP Company News

We thought we’d share news from our members this week. To start this week off, a note from ESOP Association member, Hypertherm.

In January 2014, Hypertherm, Inc. announced its transition from being a minority owned ESOP to a 100% associate-owned ESOP.  King Arthur Flour, a neighboring 100% employee-owned ESOP, sent us a token of congratulations. See below.

KAF Photo

The Associates at Hypertherm thank our friends at King Arthur Flour – Your company and its employee owners are a class act!

Thanks to Carey Chen, VP / GM – Light Industrial Businesses & CIO of Hypertherm, Inc. for sharing this news with us. And, congratulations to the employee owners of Hypertherm!

If you have company news to share, please send an email to media AT esopassociation.org with information and photos. We’ll include as many member posts as we can.

Filed under: Employee Ownership Message, Member Services, TEA Members, , ,

March 2014 ESOP Report Now Available

The March 2014 ESOP Report is now available. To access this month’s issue, you’ll need to sign into the website. The Member Sign In button is located at the top of the page. To get to the ESOP Report, click Meet & Learn. A link to the ESOP Report is located on the left side menu.
March2014ESOPReportCOVERsmall

Filed under: Member Services, Publication, ,

ESOP Experts Online Directory

Do you need an ESOP service provider? Do you have an ESOP dilemma?

The answers are in the ESOP Experts Online Directory! The ESOP Experts Online Directory is an easy-to-use, category-by-category listing of specialized ESOP services offered by Professional Members of The ESOP Association. You can search the ESOP Experts by specialty.

If you have any questions about the ESOP Experts, or would like to inquire about a listing, please contact Yvonette Brown at yvonette AT esopassociation.org.

Filed under: Member Services,

The ESOP Association Proudly Celebrates 25 Years of Offering its Members the Executive Liability Insurance Program

Insurance 25th AnniversaryFeeling exposed? You might be…and don’t even know it! Executives of ESOP companies face unique liability challenges for ERISA liability and in their capacity as directors and/or officers. A single loss can be very costly to you and your company.

For 25 years, The ESOP Association has been offering members an insurance solution to ensure you are properly protected by reducing your potential exposure to loss.

Executive Liability Insurance Program — Four Coverages Under One Policy

• Fiduciary/Trustee Liability

• D&O Liability

• Employment Practices Liability

• Crime

Highlights:

• Entity coverage available

• Side A coverage available

• Third-party coverage included

• Employee protection expanded

• No SEC exclusion

• Outside board protection

For more information about this program, contact: Jeff Gelburd, CPCU, ARM, Vice President, Murray Securus, (717) 620-2476 or jgelburd AT murrayins.com

Filed under: Member Services,

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Proudly Celebrating the ESOP Fiduciary Insurance Member Program

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