The ESOP Association Blog

Covering ESOPs and employee ownership

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,

Change of Payment Address

March 10, 2014

Dear ESOP Association Member:

The ESOP Association recently experienced a problem with its Wells Fargo lockbox banking system (addresses “PO Box 5149” and “PO Box 61549”).  ESOP Association staff are currently in discussions with Wells Fargo personnel to rectify their lockbox processing issues.

In taking steps to prevent these problems from happening again, at this time, we are suspending use of the lockbox system.

Please have your accounts payable department change our address for the purposes of mailing a payment to The ESOP Association’s physical address until further notice:

The ESOP Association

1726 M Street, NW

Suite 501

Washington, DC  20036-4507

Please note that this does not affect any payments made through our online ecommerce system through the Association’s website.

If you have mailed in a check recently or have any questions please do not hesitate to contact me, Lisa Betts, Vice President, Membership or Yvonette Brown, Accounts Receivable Manager at toll free 1/866-366-3832 to discuss.

Your attention to this matter is greatly appreciated.

Sincerely yours,

J. Michael Keeling, CAE

President

cc:  Lisa R. Betts, CAE, Vice President, Membership, lisa@esopassociation.org

Yvonette Brown, Accounts Receivable Manager, yvonette@esopassociation.org

Filed under: Member Services,

2014 Winter Advocacy Kits Available

The updated 2014 Advocacy Kit and 2014 Congressional Company Visit Kit are now available on The ESOP Association’s website. Copies of the 2014 Winter Kits can be downloaded from The ESOP Association’s website.

The newly updated Kits contain information on: House – Moving to Curtail Tax Benefits for ESOPs?; Senate Tax Reform Update; Obama Administration Condemns ESOPs and Proposes Repeal of ESOP Tax incentive (Administration is Wrong).

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

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Proudly Celebrating the ESOP Fiduciary Insurance Member Program

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