The ESOP Association Blog

Covering ESOPs and employee ownership

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


cc:  Lisa R. Betts, CAE, Vice President, Membership,

Yvonette Brown, Accounts Receivable Manager,

Filed under: Member Services,

Keep Up With Advocacy Updates

With tax reform and the President’s budget provision in circulation (more information here), we wanted to share several options for staying on top of Association news.

Website – all information is posted to The ESOP Association’s website. Check the ESOP Bulletin under Advocacy and the News section on the homepage for the latest information.

ESOP Association Blog – government affairs information is posted here as it happens. There is an email subscription feature on the homepage. You’ll be notified by email when new information is posted. The RSS feed is another option for updates.

Facebook and LinkedIn – information and links to information are posted to the Association’s Facebook page and LinkedIn group for members to stay involved.

YouTube Channel – when important information is announced, additional commentary is posted to the Association’s YouTube Channel.

Email – emails to the membership will continue on important issues.

As information breaks, the Association will share information in several forms and in several places to reach members.

Got questions? Let us know.

Filed under: Government Affairs, Member Services, ,

March 2013 ESOP Report Now Available

The March 2013 issue of the ESOP Report is now available for download on The ESOP Association’s website. To download 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 on Meet & Learn. A link to the ESOP Report is located on the left side menu.


Filed under: Member Services, Publication, , , ,

Member Services: Fiduciary Protection Information

Member Services Information

The following article is authored by Jeffrey Gelburd, CPCU, ARM, Vice President of Murray Securus, located in Lancaster, PA. Mr. Gelburd developed The ESOP Association endorsed Executive Liability Insurance Program in 1989. Information about the program can be found on the Association’s website here.  For additional information, please contact Mr. Gelburd directly at 717-620-2476 or by email at

Jeff Gelburd 4x5

Jeffrey Gelburd

Effective January 1, 2013, Murray Securus, the administrator of The ESOP Association’s affinity insurance program insuring over 250 ESOPs around the country and Great American Insurance Company introduced a new policy endorsement that expands the fiduciary liability insurance protection available to Association members.

The insurance policy extensions available through this endorsement are as follows:

  • Will cover civil penalties under HIPPA, 502(c) of ERISA, the Pension Protection Act of 2006, the Patient Protection and Affordable Care Act (PPACA) and certain penalties under the Internal Revenue Code and ERISA
  • Now covers certain expenses associated with numerous voluntary compliance resolution programs administered by the IRS, PGBC and DOL
  • Will include the cost of hiring an outside trustee as part of the defense costs on a covered claim.
  • Expands the definition of covered Wrongful Acts to include claims made against the insured solely by reason of their status as a settlor of a covered Plan.
  • Provides contingent bodily injury coverage for claims involving the denial or delay of benefits under a Welfare Plan.
  • Expands coverage to those plans that are maintained in a jurisdiction outside of the United States.

This endorsement is available in most states and can be offered to new policyholders or to current insured’s in The ESOP Association’s affinity program at the time of their next policy renewal.

Murray-Securus-Logo-JPGThese coverage extensions are being made available exclusively through Murray Securus.

Filed under: Member Services, TEA Members, , , ,

February 2013 ESOP Report Newsletter

The February 2013 issue of the ESOP Report is now available for download on The ESOP Association’s website. To download 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 on Meet & Learn. A link to the ESOP Report is located on the left side menu.


Filed under: Member Services, Publication, , , ,

The ESOP Association’s NEW Website

You read that correctly. The ESOP Association has launched a new website. Check out the all new There are new section headers and easier navigation to help you find what you need faster. An improved Chapter section and easily accessible calendar provide access to information in your area and a news segment on the homepage gets you up to speed on ESOP information.

A quick walk through the new website:

Meet & Learn — Meetings information for both national and Chapter events; publications (print and electronic versions) including all technical and communications information offered by the Association and the ESOP Report newsletter; the online learning tool, the ABCs of ESOPs

Explore — Information on how ESOPs work and industry statistics; links to the Association’s Issue Briefs; and an employee ownership news section which contains an archive of the Association’s latest press releases

Advocate — Advocacy Kits; Government affairs information and the ESOP bulletin; links to additional government affairs commentary on YouTube and the Association’s Blog; Employee Ownership Month information; information on the ESOP PAC; and media assistance guidelines for Association members

Network — ESOP Experts; the Membership Directory; ESOP Yellow Pages; Online Board Registry; and social networking links to connect with the Association

Chapters — Chapter events and links to individual Chapter pages

About the Association — How to contact the Association; information on the ESOP Awards; how to join and member benefits; and sponsorship and advertising information

Additionally, the new website will also be accessible on smartphones and tablets through mobile and responsive design versions that will make navigation easier.

If you have questions about the new website, please let us know:

Filed under: Member Services, , ,

September 2012 ESOP Report

The September 2012 issue of the ESOP Report newsletter is now available on The ESOP Association’s website. You’ll need to login to the members only section to access your copy. Go to and click on the members login link at the top right corner of the homepage. The link for the ESOP Report is in the left side menu of the members only section.

Filed under: Publication, , , ,

New Summer Advocacy Kits Available

The 2012 Summer Advocacy and Congressional Company Visit Kits are now available for download on The ESOP Association’s website. Links for the Kits are located under News on the right side of the homepage. Links are also posted below:

2012 Summer Advocacy Kit

2012 Summer Congressional Company Visit Kit

Filed under: Government Affairs, Publication, , , ,

The ESOP Association’s Outside Board Registry

As a member service, The ESOP Association provides a registry to companies who request names of those individuals willing to serve on a company’s board. This registry is a list of potential board members that are 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

The registry can be found on The ESOP Association’s website,, in the members only section.

Filed under: Member Services, , ,

The ESOP Association’s 2012 Membership Directory is now Online

The 2012 ESOP Association Membership Directory is now ‘live’ on the Association’s website. The full directory is accessible in the members only section of the website.

Looking for an expert on ESOPs? The ESOP Experts listing can be found here.

Want to find ESOP companies in your area or your line of business? The ESOP Yellow Pages listing can be found here.

To request a hardcopy of the Directory, members email your request to

Filed under: Member Services, , , ,

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