See a recap of the recently concluded ESOP 2020 conference, read about the ESOP champions in Congress we helped return to office and those who won't be back in 2021, learn how resent survey results will make our advocacy efforts easier, and more in this issue of the ESOP Report. Plus, get the new mailing address for The ESOP Association and the Employee Ownership Foundation.
The ESOP Association
ESOP Association Resources
Nov. 18
View this deck for an overview of potential contenders for positions in Biden's cabinet.
Nov. 13
The latest election data from The ESOP Association including:
An Elections Dashboard with detailed election breakdown.
A High Level Trends document.
An Elections Dashboard with detailed election breakdown.
A High Level Trends document.
Nov. 05
As the results of the election continue to unfold, we have gathered information in key areas for our members. See the updated resources in the right hand column of this article for:
Nov. 04
As the results of the election continue to unfold, we have gathered information in key areas for our members. See the resources in the right hand column of this article for:
Chapter News, Resource
Dec. 31
A recap of the year’s events, including the addition of five new chapter members, a summary of chapter member visits to Capitol Hill, and a look at the chapter’s successful efforts to host the Midwest Conference.
Resource, ESOP Report, Legal Update, Ownership Advantage, Washington Report, President's Page, Safe Harbor, Layoffs, EBSA, Economic Performance Survey
Dec. 01
Research shows that employee owned firms are dramatically better at retention.
Oct. 22
Building upon the 1984 law, the Tax Reform Act of 1986 strengthens tax incentives for ESOPs. Deductibility of dividends on ESOP stock paid to plan participants AND deductibility of dividends used to pay debt are included in the landmark bill which overhauled the U.S. tax code.
Sep. 02
The Employee Retirement Income Security Act (ERISA) passes to address public concern that private pension plan funds were being mismanaged, and officially recognizes employee stock ownership plans (ESOPs). While employee ownership and equity (stock) plans have existed prior to this point, ERISA launches them formally as qualified retirement plans (QRPs) under federal law thereby subjecting them to regulation by the U.S. Department of Labor and the IRS.