REPOST – PLEASE NOTE DATE CHANGES 2014 Educational Programs Announced

REPOST – PLEASE NOTE DATE CHANGES  We’ve just finished the Las Vegas Conference & Trade Show and we’re now looking at upcoming programs for 2014. Two new educational programs have recently been announced by The ESOP Association. Mark your calendars for the Professional ESOP Forum and Banks with ESOPs Seminar. Additional information will be posted to the Association’s website as it becomes available. We look forward to seeing you again in February 2014.

Professional ESOP Forum

bourbon street signFebruary 25, 2014

The Ritz Carlton

New Orleans, LA

The ESOP Association is holding a day-long open discussion forum for Professional Members of The ESOP Association. [Professional Members of The Association are sellers of services to ESOP plan sponsors and to parties considering creating an ESOP. Examples of the services are legal, third party administration, valuation, finance, management consulting, financial advice, trustee, and similar services.]

Led by the Chairs of the highly respected Association Advisory Committees on Valuation, Finance, Legislative and Regulatory Affairs, Administration, Ownership Culture and Fiduciary Issues, this one day program will lay bare the tough issues facing ESOP professionals, and present the pros and cons of different views. The goal is not only to air different view-points, but to move towards consensus as to “best practices” by the ESOP service provider community.

Banks with ESOPs Seminar

steamboat mississippi riverFebruary 26, 2014

The Ritz Carlton

New Orleans, LA

A special seminar on the unique challenges of creating and operating an ESOP sponsored by a bank or similar regulated financial entity. The seminar will be led by ESOP Association Advisory Committee leaders with extensive experience helping regulated financial institutions navigate the laws and regulations governing ESOP plans.

Questions? Contact Rosemary Clements or Maya Van Buren (866) 366-3832 or email meetings@esopassociation.org

2014 Educational Programs Announced

We’ve just finished the Las Vegas Conference & Trade Show and we’re now looking at upcoming programs for 2014. Two new educational programs have recently been announced by The ESOP Association. Mark your calendars for the Professional ESOP Forum and Banks with ESOPs Seminar. Additional information will be posted to the Association’s website as it becomes available. We look forward to seeing you again in February 2014.

Professional ESOP Forum

bourbon street signFebruary 25, 2014

The Ritz Carlton

New Orleans, LA

The ESOP Association is holding a day-long open discussion forum for Professional Members of The ESOP Association. [Professional Members of The Association are sellers of services to ESOP plan sponsors and to parties considering creating an ESOP. Examples of the services are legal, third party administration, valuation, finance, management consulting, financial advice, trustee, and similar services.]

Led by the Chairs of the highly respected Association Advisory Committees on Valuation, Finance, Legislative and Regulatory Affairs, Administration, Ownership Culture and Fiduciary Issues, this one day program will lay bare the tough issues facing ESOP professionals, and present the pros and cons of different views. The goal is not only to air different view-points, but to move towards consensus as to “best practices” by the ESOP service provider community.

Banks with ESOPs Seminar

steamboat mississippi riverFebruary 26, 2014

The Ritz Carlton

New Orleans, LA

A special seminar on the unique challenges of creating and operating an ESOP sponsored by a bank or similar regulated financial entity. The seminar will be led by ESOP Association Advisory Committee leaders with extensive experience helping regulated financial institutions navigate the laws and regulations governing ESOP plans.

Questions? Contact Rosemary Clements or Maya Van Buren (866) 366-3832 or email meetings@esopassociation.org

Joining us at the Las Vegas Conference & Trade Show? Stop by the Membership Services Booth and say hello!

esop-logo-small1.jpgIf you’re joining us at the 2013 Las Vegas Conference & Trade Show, November 7 – 8 at Caesars Palace, stop by booth #107 and say hello to the ESOP staff.

The Trade Show preview will be open from 5:00 – 8:00 the evening on November 6th and will officially open 6:30 AM on Thursday, November 7th.

  • We’ll have the latest ESOP publications, products, advocacy work, and press releases from The ESOP Association available.
  • You can pick-up a copy of the recent ESOP white paper — “Valuing Synthetic Equity.”
  • Learn more about gaining access to the “ABCs of ESOPs” interactive learning module for ESOP participants and get a tutorial on resources available to members through the Association’s website.
  • Don’t forget to drop off your business card for a chance to win an iPad mini and pick-up some great ESOP give-a-ways!
  • Learn more about ordering ESOP technical publications published by the Association such as the “ESOP Administration Handbook,” “ESOP Fiduciary Handbook,” “Valuing ESOP Shares,” “ESOP Accounting Standards,” and much more.

Something new this year — a trivia contest for Conference attendees! Trivia information will be available in the attendee packet. Completed questions can be returned to the Membership Services Booth, #107, in the Trade Show area. The winner receives one complimentary transferrable registration to a future ESOP Association conference. (Limited to 2014 conferences)

Launch Your Ad

The ESOP Association now offers advertisement space on the homepage, section pages, and the ESOP Experts Search by Specialty page on its website. Need greater exposure to those in the ESOP community? This is how you do it.

In 2013, over 100,000 will visit esopassociation.org. These people will register for conferences, seminars, and the trade show, some will become members, many will renew their membership online, employee owners will learn through the “ABCs of ESOPs” interactive learning module, and many will visit to learn more about employee ownership through ESOPs.

Make sure they see you!

For additional information, take a look – Launch Your Ad.

A complete list of marketing opportunities can be found here.

Once Again: Save ESOPs

The following is a reprint of the Washington Report column which ran in the July 2013 ESOP Report, the newsletter of The ESOP Association.The ESOP Report is a members only publication. Additional information can be found here.

It sounds repetitious, but the Association has posted on its blog, on its Facebook page, on its LinkedIn group, in special email bulletins, and wherever it can be placed, that events are shaping up in our national government that present the greatest policy threat to positive policies for ESOPs since 1989. [Some ask, what was the threat in 1989? While ancient history so to speak, in 1989 the House Ways and Means Committee had before it a proposal made by the Chair at the time, the late Dan Rostenkowski of Illinois, to repeal all special tax benefits for ESOP creation and adoption created in the tax bills of 1984 and 1986. This threat was beaten back when the full Committee adopted an amendment by former Congressman Beryl Anthony of Arkansas, aided by former Congresswoman Nancy Johnson, and this is important to note, endorsed by the Treasury Department under President George G.W. Bush, that took down the effort to eliminate special ESOP tax benefits. Since 1989, there have been occasional “disputes” challenging the ESOP community over a proposed regulation, or even a proposal modifying one ESOP tax benefit — 1994, 1995, and 2001 — but never a challenge to the entire ESOP package.]

But experts in the human resources profession always remind us that just as “you get tired of saying something one more time, someone is listening for the first time.”

So, the House and Senate tax committees are deep in a process to reform the Federal income tax code. They are not just talking, nor are they waiting to have the leaders of the House and Senate promise them that any tax reform bill they develop will be considered on the floor of the House and/or Senate. The Chairs of the tax committee, Congressman Dave Camp of Michigan, House Ways and Means Committee, Senator Max Baucus, Senate Finance Committee Chair, both have a process for developing legislation sometime in the fourth quarter of this year.

While they are following processes that are not typical of how major tax bills were developed in the past, the goals are the same as evident in the past — eliminate special income exclusions, credits, deductions, and deferrals in the current tax laws, take the additional tax money raised to cut the tax rates on income, personal rates and corporate rates, and in doing so make the tax code more simple, in other words, easier to follow in calculating taxes owed. [Media likes to hoot and holler that the two parties will not come together under this approach because supposedly the Democrats want to use the extra revenue from eliminating special tax laws to collect more money to lower the Federal debt, whereas Republicans want to use all the new revenue to lower tax rates. Yes, these two different views of what to do with the extra revenue exist, but there is a great deal of common ground between the two parties in the tax reform debate.]

Even though The ESOP Association has become a “Johnny-one-note” in communications with members about being engaged to tell elected Federal officials about the power of employee ownership through the ESOP model — repeat over and over after telling the good story of the ESOP company that data proves overwhelmingly that in the vast majority of instances, ESOP companies are more productive, more profitable, providing sustainable jobs controlled locally in the U.S. than non-ESOP counterparts — and in doing so, hopefully have that member of Congress be willing to say, “OK, do not harm ESOPs with misguided steps to lower tax rates when the best jobs policy is having employees be owners in their companies where they work, and also make income better for the working men and women of America.”

Stay in touch with the Association’s website where you can find all the up-to-date background materials on how to save your ESOP; watch for blog postings, and if just now getting engaged, read the blog archives; watch for YouTube video updates.

Remember, if ESOPs are harmed in the process to developing new tax law, one can spot the blame by looking in the mirror — no exceptions.

June 2013 ESOP Report

The June 2013 issue of the ESOP Report is now available for download. 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 on Meet & Learn. A link to the ESOP Report is located on the left side menu.
June2013ESOPReportCOVER

Publication: ESOP – The Concept

Publications Highlight

ESOP – The Concept

Looking for a brochure to give to new employees, the media, and the general public? This brochure describes different types of ESOPs, the uses of an ESOP, how ESOPs work, and the advantages that ESOPs provide to companies and employees. Leveraged and non-leveraged ESOPs are diagrammed and briefly described. Available in English and Spanish versions.

Members $1.00

Non-Members $6.00

Visit our website or call 202-293-2971 to purchase, ESOP – The Concept.

May 2013 Pubs Highlight Artwork

Gibson Named Among Best Places to Work in Indiana

ESOP Company News

Gibson Named Among Best Places to Work in Indiana

Gibson, an ESOP Association member located in South Bend, IN, was recently named as one of the 2013 Best Places to Work in Indiana by the Indiana Chamber of Commerce. The statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Indiana, benefiting the state’s economy, its workforce, and businesses. More information about the awards program is here.

Gibson will be recognized at the Best Places to Work in Indiana Awards Dinner in May.

Gibson is a 100% employee-owned (30% ESOP), regional insurance broker and risk management services firm with offices in South Bend, Plymouth, Indianapolis, and Ft. Wayne, Indiana.

Congratulations to the employee owners of Gibson on being named among the Best Places to Work in Indiana.

Thanks to Keith Stone, Principal and Chief Financial Officer of Gibson for sharing this news with The ESOP Association.

Publication: ESOP Fiduciary Handbook

Publications Highlight

ESOP Fiduciary Handbook

The ESOP Fiduciary Handbook — a resource for internal and external ESOP fiduciaries. This publication is authored by The ESOP Association’s Interdisciplinary ESOP Advisory Committee on Fiduciary Issues. Topics include: overview of fiduciary duties, prohibited transactions, governance of an ESOP company, valuing employer securities, how to survive an audit and much more. Available in print w/CD or CD only.

Members $100.00 Non-Members $350.00

 Visit our website or call 202/293-2971 to purchase the

ESOP Fiduciary Handbook.

fiduciary-handbook-web-v2