The ESOP Association Blog

Covering ESOPs and employee ownership

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, ,

July 2014 Link Round-Up

SEL employee owners share experiences with Illinois Congressman

Congressional visits by ESOP Association members during this year’s Annual Conference

An article by Dr. Joseph Blasi: The Founding Fathers Feared a Powerful One Percent

A few ESOP articles of interest

July ESOP Report was posted

We talked about the Iowa Economic Development Authority’s ESOP Initiative Program

Some more ESOP news highlights

The 2014 Employee Owner Retreat is getting close

2014 Summer Advocacy Kits are available

Filed under: Government Affairs, Member Services, News Links, ,

The July ESOP Report is Available

The July 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.

July2014ESOPReportCOVERsmall

Filed under: Government Affairs, Member Services, Publication, ,

New Issue Brief: Issue Brief #29: Treatment of ESOP Transaction Debt

New Publication Highlight

Pubs Highlight - new issue briefIssue Brief #29: Treatment of ESOP Transaction Debt

Issue Briefs discuss a variety of legal, financial, and operational issues relating to ESOPs and are updated regularly.

Members receive complimentary copies of all ESOP Issue Briefs upon request by emailing pubs@esopassociation.org or by contacting the Publications Department at the national office. All Issue Briefs can be accessed/downloaded by members logged into the website under “Learn About ESOPs” menu item “Issue Briefs.” Non-members may purchase Issue Briefs in the “ESOP Store” through the website, or contact the national office.

Member FREE / Non-member $6.00

Visit the Association’s website, email pubs AT esopassociation.org call 202/293-2971 to purchase Issue Brief # 29: Treatment of ESOP Transaction Debt.

The ESOP Association would like to thank to Valuation Advisory Committee Chair, Jeffrey Tarbell, ASA, CFA, Director, Houlihan Lokey, San Francisco, California and the members of the Association’s Advisory Committee on Valuation who worked on this project.

Filed under: Member Services, Publication, ,

New Pro-ESOP Bill, H.R. 4837

ESOP Association President, J. Michael Keeling, provides a legislative update to members regarding a new pro-ESOP bill introduced in the U.S. House of Representatives, bill number H.R. 4837.

 

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

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