The ESOP Association Blog

Covering ESOPs and employee ownership

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.

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Filed under: Member Services, Publication,

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, ,

August ESOP Report

The August 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.

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Filed under: Publication, ,

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.

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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, ,

June 2014 ESOP Report is Available

The June 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.

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Filed under: Publication, ,

Feel Good Bad?

The following article originally ran as the May 2014 President’s Page column in the ESOP Report. The ESOP Report is the newsletter of The ESOP Association. The full issue can be found on the Association’s website under Meet & Learn.

Obviously feeling good is not a bad thing. And with regard to The ESOP Association’s 37th Annual Conference attendees, especially those who visited members of Congress, overall reported “feeling good.” The “feeling good” feeling arises from the fact that the tax reform proposal put forward by the Chair of the House Ways and Means Committee Chair, Dave Camp (R-MI), did not denigrate specific ESOP tax benefits designed to encourage the creation and operation of ESOPs. The handouts provided to those traveling to the Hill had a big “we are appreciative” message for members of the House Ways and Means Committee, where tax law originates under the U.S. Constitution.

Probably the most positive report came from a group of attendees from Congressman Richard Neal’s district, the 1st district of Massachusetts. In a brief upbeat meeting, it was reported that Congressman Neal (D-MA) noted that visits from ESOP advocates were always pleasant, and enjoyable, as it was a mix of women and men that represented all pay grades at the companies. My personal comment to add is that while people working in ESOP companies have all the same characteristics of humans, in general, women and men of an ESOP company tend to be enthusiastic, and passionate, about being “owners” of stock of a free enterprise operation — a for-profit, American company. And candidly, nearly all politicians, and members of Congress are successful politicians, whether left or right, have the ability to read the mood of those they visit with. In other words, they can sense negativism, gloom and doom words, body language, and general not so happy feelings, just as they can positive and upbeat attitudes.

(To add a personal, longtime experience, it takes all my fingers and toes, and there are still not enough, to count the number of members of Congress who have said to me, “ESOP companies are special.”)

Can the happy story end here? No, because becoming “fat and happy” is the worst thing that could happen to our ESOP community. Setting aside the fretting, that is real, over the Department of Labor’s tough attitude towards ESOPs, and the fact that the Supreme Court may soon drop a real bomb on ESOPs, the bottom line is, as former Senator John Breaux said once on the Senate floor, “There are no final victories in the legislative process.” For example, backers of the seemingly sacrosanct tax laws permitting a tax deduction for interest on home mortgages, donations to charities and churches, for paying state and local taxes, among other sacred cows in the Federal tax code, were more than shocked to read Chair Camp’s tax reform proposal.

Bottom line, ESOP tax benefits are not carved in stone; they are not sacred. Today’s feeling good can turn out to be the enemy of the work that needs to continue — the exposure of what being employee owners means to the men and women who work in ESOP companies.

As noted in the March ESOP Report President’s Page column, don’t stop now.

Filed under: Publication, ,

May 2014 Wrap-Up

It’s June and that means it’s time for a May link round up.

Moody’s Collision Centers, Inc. hosted an event with Senator Susan Collins in Gorham, ME

We shared a photo of the 2014 Employee Ownership Month Poster Contest Winner

The May 2014 ESOP Report was released

We highlighted the ABCs of ESOPs

The Employee Owner Retreat is open for registration

Big G Express hosted at event with Congresswoman Diane Black in Shelbyville, TN

We shared some photos from the 2014 Annual Conference in Washington, DC

The Leading in an Ownership Setting Program is open for registration

We featured items from the Employee Ownership Foundation Auction that took place at the Annual Conference

We announced the 2014 ESOP Award Winners

We shared video highlights from the Awards Ceremony

We shared a link to the Annual Conference Lobbying Kit

We extended an invitation to Conference attendees to visit the AACE Awards display

The Annual Conference App was announced

Filed under: AACE - Annual Awards for Communications Excellence, Conference Information, Employee Ownership Foundation, Employee Ownership Month (EOM), Government Affairs, Member Services, Publication, Silver ESOP Awards, TEA Members,

May 2014 ESOP Report

The May 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.

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Filed under: Member Services, Publication, ,

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.

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Filed under: Member Services, Publication, ,

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