The ESOP Association Blog

Covering ESOPs and employee ownership

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

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.

If you’re looking for an activity for Employee Ownership Month, the ABCs of ESOPs is a great place to start!

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 Flyer Updated 2014

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@esopassociation.org.

Filed under: Member Services,

September 2014 ESOP Company News

We thought we’d share a few member highlights from September.

Wisconsin Chapter Members Visit Congressman Paul Ryan

During The ESOP Association’s 2014 Annual Conference in Washington, DC, members of the Wisconsin Chapter visited Capitol Hill to meet with members of Congress and their staff. This was the Chapter’s sixth annual organized effort as a Chapter, and members made a total of six visits. At right is a photo of Wisconsin Chapter members with Congressman Paul Ryan (R-WI).

 WI Chapter - 2014 Cong Ryan Visit

Schweitzer Engineering Laboratories, Inc.’s Lewiston Location Hosts Visit with Senator Mike Crapo

The employee owners of Schweitzer Engineering Laboratories, Inc. (SEL) shared their perspectives on employee ownership with Senator Mike Crapo (R-ID), a member of the Senate Finance Committee, when he visited the company’s manufacturing facility in Lewiston, Idaho in August 2014. He toured the manufacturing floor, learned about SEL and the products and services it provides for power systems around the world, and spoke with some of the 230 employee owners about the company’s ESOP. Senior Operations Manager Dave Strerath praised the retirement benefits afforded by the ESOP. Senator Crapo indicated his strong support for ESOPs and suggested that more businesses should follow the model. SEL Lewiston recently doubled the size of the manufacturing facility to 245,000 square feet. The plant specializes in producing high-quality relays, data cables, voltage regulator controllers, and plastic parts. Thanks to SEL’s Larry Camm for sharing the news.

 crapovisit2014

Restek Corporation Visits with Congressman Glenn Thompson

On August 15, 2014, the employee owners of Restek Corporation in Bellefonte, Pennsylvania held a visit with Congressman Glenn Thompson (D-PA) to discuss the pro-ESOP bill, H.R. 4837. According to Restek employee owner, Mike Shuey, “Our meeting with Congressman Thompson was excellent. He co-sponsored the previous bill and is a co-sponsor of H.R. 2041 so he gave us his word he’ll get on this when he gets back to DC. Congressman Thompson is a true ESOP advocate and we greatly appreciate his support!” Thanks to Mike Shuey for sharing the news.

Restek Thompson Visit - 20140815_121214_resized

Filed under: Member Services, TEA Members

September 2014 ESOP Report

The September 2014 ESOP Report is now available for members. To access this month’s issue, you’ll need to sign into The ESOP Association’s 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.

Sept2014ESOPReportCOVERsmall

Filed under: Member Services, Publication,

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@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 Registry is a member service provided by The ESOP Association.

Filed under: Member Services,

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,

NewAge Industries Hosts Visit with Congressman Mike Fitzpatrick

ESOP COMPANY NEWS — To wrap-up August, we thought we’d highlight a few members. All this week, we’ll be sharing ESOP Association member stories and events. Enjoy.

NewAge Industries Hosts Visit with Congressman Mike Fitzpatrick

NewAge_Industries_Congressman_Fitzpatrick_visit-72Congressman Mike Fitzpatrick (R-PA) recently met with the employee owners of NewAge Industries in Southampton, Pennsylvania to discuss the benefits of employee ownership. The Congressman took part in a town hall style meeting to discuss the benefits of an ESOP and their potential to help other Pennsylvania businesses.

NewAge team members from several departments and with various levels of seniority, job responsibilities and length of employment — from two to twenty-five years — took part. They discussed the mindset of being an owner and not just an employee. The group displayed a thorough understanding of how their day-to-day decisions affect the future of everyone in the company.

NewAge’s employee owners feel that ESOP retirement plans can be a good option for Pennsylvania businesses. When previously employed at other companies, some current NewAge team members experienced the sale and subsequent dissolution of those companies. Other current employee owners work with companies whose owners are aging, and there’s concern that the leadership teams of those companies simply haven’t considered an ESOP as a viable business transition.

Thanks to NewAge’s Ann Phy for sharing the news with the Association.

Have company news to share? Send us a note at media AT esopassociation.org.

 

 

Filed under: Member Services, TEA Members,

Mid South Building Supply Hosts MAC Breakfast

ESOP COMPANY NEWS — To wrap-up August, we thought we’d highlight a few members. All this week, we’ll be sharing ESOP Association member stories and events. Enjoy.

Mid South Building Supply Hosts MAC Breakfast

The Mid-Atlantic Chapter (MAC) recently hosted a breakfast at Mid South Building Supply, Inc. in Springfield, Virginia. Breakfast meetings are a time-efficient and inexpensive way to provide additional information and networking opportunities for Chapter members in between larger Chapter-wide and National conferences. Bottom photo at left: Ben Wells of Dinsmore & Shohl, LLP, and Greg Hogan of SC&H Capital, LLC, lead a presentation on ESOP Releveraging at the MAC ESOP Breakfast meeting on July 30.

According to Tom Roback of Blue Ridge ESOP Associates, it was a very active session.

Thanks to Tom Roback and Paul Horn of WorkPlace Consultants for sending photos.

Have company news to share? Send us a note at media AT esopassociation.org.

MAC Mid South Meeting

SAMSUNG CAMERA PICTURES

Filed under: Member Services, TEA Members,

Flippo Construction Company, Inc.’s Employee Owners Show Off

ESOP COMPANY NEWS — To wrap-up August, we thought we’d highlight a few members. All this week, we’ll be sharing ESOP Association member stories and events. Enjoy.

Flippo Construction Company, Inc.’s Employee Owners Show Off

Flippo shareholders meetingThe employee owners of Flippo Construction Company, Inc. recently showed off their money tree shirts at the company’s annual shareholders day held on July 10, 2014 in Forestville, Maryland.

Thanks to Paul Horn of WorkPlace Consultants for sharing the photo.

Have company news to share? Send us a note at media AT esopassociation.org.

Filed under: Member Services, TEA Members,

ESOP Company News: Entertainment Partners Highlighted in the Los Angeles Times

To wrap-up August, we thought we’d highlight a few members. All this week, we’ll be sharing ESOP Association member stories and events. Enjoy.

 Entertainment Partners Highlighted in the Los Angeles Times

Entertainment Partners LA Times ClipMark Goldstein, the CEO of Entertainment Partners of Burbank, California, was recently highlighted in the Los Angeles Times. Take a look.  Even the ESOP got a mention!

Thanks to Entertainment Partners’ Ron Cogan for sharing the link.

Have company news to share? Send us a note at media AT esopassociation.org.

Filed under: Member Services, TEA Members,

NEW EDITION: ESOP Administration Handbook

Publications Highlight

NEW EDITION: ESOP Administration Handbook

The ESOP Association’s Advisory Committee on Administration has released an updated edition of the ESOP Administration Handbook.  Order your 2014 Edition today. AdminHdbk COVER Artwork 2014

Designed as an overview and checklist of the entire administration process, this handbook is invaluable to:

  • In-House Administrators
  • Administrative Committee Members
  • Officers & Management Personnel Responsible for Administration of their Company’s ESOP
  • Service Providers in the ESOP Administration Area

Separate chapters are devoted to:

  • Disclosure Requirements
  • Participation & Coverage
  • Contributions & Dividends
  • ERISA Reporting
  • Diversification Requirements
  • Distributions
  • 401(k) Arrangements & ESOPs
  • ESOPs Sponsored by S Corporations

Members $150 + s&h

Non-Members $400 + s&h

Order:

Online www.esopassociation.org click on “ESOP Store”

Phone toll free 1(866) 366-3832

Email pubs AT esopassociation.org

Filed under: Member Services, Publication, ,

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