January 25, 2013 • 11:52 am
Congratulations go out to four members of The ESOP Association that have been named to Fortune’s list of the 100 Best Companies to Work For:
Burns & McDonnell Engineers-Architects, Kansas City, MO
W. L. Gore & Associates, Inc., Newark, DE
Publix Super Markets, Inc., Lakeland, FL
TDIndustries, Inc., Dallas, TX
“ESOP companies create great place to work. Congratulations to our members,” said J. Michael Keeling, ESOP Association president. “An Employee Ownership Foundation survey conducted in 2012 showed that 93.3% of survey respondents reported that creating employee ownership through an ESOP was ‘a good business decision that has helped the company.’ In addition, 76% of respondents indicated the ESOP positively affected the overall productivity of the employees. It would be a shame if the Congressional bipartisan support for our modest national policy encouraging employee ownership was not enhanced as Congress looks for a ‘common’ ground policy encouraging U.S. based jobs.”
To view the complete list, click here and for information about the companies click here.
Filed under: Member Services, News Links, Best Companies to Work for List, ESOP Association Members, Membership Services
November 30, 2012 • 10:54 am
It’s the last day of November; time for a re-cap.
Did you download the app for the Las Vegas Conference and Trade Show?
The ESOP Association launched its new website.
Did you stop by the Membership Booth in Las Vegas?
We highlighted the CEO Program at the Conference.
ESOP Association President, J. Michael Keeling, talked about the recent election and what ESOP advocates can expect.
We noted a few ESOP Association members that were featured in the Minneapolis Star-Tribune.
The November 2012 ESOP Report was released.
The ESOP Association’s Board of Governors is looking for a few good volunteers.
Members of Congress share thoughts on ESOPs by video.
We re-capped Employee Ownership Month 2012.
We highlighted Congressional visits.
Filed under: Chapter News, Conference Information, Employee Ownership Foundation, Employee Ownership Month (EOM), Government Affairs, Member Services, News Links, TEA Members, Monthly Wrap-Up
November 13, 2012 • 11:58 am
In recent days, two corporate members of The ESOP Association have been featured in the Star Tribune: Border States Electric (Fargo, ND) and HLB Tautges Redpath (St. Paul, MN). We thought we’d take a minute to share the links with readers.
Article by: DAVID SHAFFER, Star Tribune
Article by: NEAL ST. ANTHONY, Star Tribune
Filed under: Member Services, News Links, TEA Members, Company News, ESOP Association Members, Membership, News
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has not yet released a new version of its proposed regulation on the definition of a fiduciary but officials at the EBSA are still focused on ESOPs. (See the June 25, 2012 blog post on reaction of U.S. Senator to indications DOL will not be altering its proposal to mandate all ESOP appraisers be ERISA fiduciaries.) According to an article in the June 12, 2012 edition of the Daily Tax Report, Assistant Secretary of Labor for EBSA, Phyllis C. Borzi, said the EBSA will be focusing on enforcement projects having to do with employee benefit plan contributions in the coming months.
There are several national enforcement projects EBSA will focus on in 2012, concerning ESOPs specifically though, the article states the following: “The Employee Stock Ownership Plans Project, which identifies and corrects violations of ERISA in connection with ESOPs, such as incorrect valuation of employer securities and refinancing of ESOP loans.”
“The fact that Ms. Borzi is naming ESOPs specifically in the list of enforcement projects for 2012 illustrates that there are dark clouds over ESOPs at DOL and its proposal to make all ESOP appraisers ERISA fiduciaries,” said ESOP Association President J. Michael Keeling.
Filed under: DOL Proposed Fiduciary Regulation, Government Affairs, News Links, DOL Proposed Regulation on the Definition of a Fiduciary, Government Affairs, News Link
We recently came across this blog post on the U.S. Small Business Administration’s Community blog:
4 Ways to Exit Your Business Gracefully by guest blogger Barbara Weltman
Take a look. ESOPs are mentioned.
Filed under: News Links, News Link, US Small Business Administration