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@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,

ESOP News Link

We thought we’d share another link today. Dr. Joseph Blasi, a preeminent researcher of employee ownership, has an opinion piece in Time. A good read. Go take a look.

The Wealthy and Powerful Discover Inequality

Filed under: Employee Ownership Message,

ESOP Champion, Senator Mary Landrieu, Makes Senate Floor Statement on Value of ESOPs

On July 31, 2014, Louisiana Senator Mary Landrieu (D) took to the Senate floor to make a statement on ESOPs. Below is an excerpt of her statement; you can read the statement in its entirety here.

An excerpt of Senator Landrieu’s statement follows:

“Ms. LANDRIEU. Madam President, I wish to reiterate my longstanding support for employee stock ownership plans or ESOPs. During my time in the Senate, I have been dedicated to building on the lasting contributions of my Louisiana predecessors, including Senator Russell B. Long, who, as Chair of the Senate Finance Committee, championed tax provisions to encourage corporations to adopt ESOPs. Senator Long advocated for employee stock ownership as an “issue that cuts across party lines in an attempt to bring out the best in our free enterprise system.’’ He believed that “it is only fair and right that those who work to make this economy succeed should have an opportunity to share in that success . . . [i]t is a matter of simple common sense and basic equity.’’ I couldn’t agree more.

“Last year, as chair of the Senate Committee on Small Business and Entrepreneurship, I convened a roundtable to provide small business owners, policy experts and other stakeholders an opportunity to express their views and to solicit their ideas on making tax reform work for small businesses. Participants argued in favor of a Tax Code that rewards employer and employee ownership as a means of providing continuity of business ownership and opportunities for employees of businesses to build wealth. Specifically, participants favored retaining the current Tax Code’s ESOP provisions, noting that during the most recent economic downturn, ESOPs, which are predominately small businesses, were able to retain more employees as they weathered the crisis than conventionally owned companies.

“Earlier this year, the New York Times published an article describing the research of three labor economists who have focused their work on promoting ESOPs as a “new perspective on how to resolve the disparities in wealth and income.’’ I ask unanimous consent to have printed in the Record the New York Times article, dated February 11, 2014, and titled, “Whatever Happened to ‘Every Man a King’?’’. These experts, Dr. Joseph Blasi and Dr. Richard Kruse of Rutgers University, and Dr. Douglas Freeman of Harvard University, argue in their book, “The Citizen’s Share’’, that policies promoting employee ownership date back to the era of the Founding Fathers and have garnered support from politicians and stakeholders across the political spectrum–from Ronald Reagan to Senator Bernie Sanders.

“Quite simply, policies that promote ESOPs are policies that merit this Chamber’s bipartisan support and I will continue the work of my Louisiana predecessors to ensure retirement security for working Americans.”

The New York Times article by Thomas B. Edsall can be found here.

Filed under: Employee Ownership Message, Government Affairs,

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, ,

Join us in Las Vegas for the 2014 Conference & Trade Show

 

Conference, Trade Show, and registration information can be found on the Association’s website.

Filed under: Conference Information,

Welcome to the employee ownership blog of The ESOP Association.
The place where you'll find the latest information on ESOPs and employee ownership news.
Serving the entire ESOP community.

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 102 other followers

Proudly Celebrating the ESOP Fiduciary Insurance Member Program

Flickr Stream

Wasp Inc Attendees

More Photos
Follow

Get every new post delivered to your Inbox.

Join 102 other followers