Inside the May issue of the ESOP Report, you can read about the latest updates on the sessions, advocacy training, and sponsorship opportunities at the TEA National 2021 Conference; how ESOPs help close the wealth inequality gap; new and departing TEA Board members; new Chairs for four of the Advisory Committees; new TEA staff and a restructuring of our advocacy and communications areas; and more!
The ESOP Association
ESOP Association Resources
Resource, ESOP Research, Legal Update, Ownership Advantage, Washington Report, President's Page, Coaching, Data Errors, Kelso Fellows, Foundation, H.R. 2092, S. 1212
Apr. 01
A new pro-ESOP bill is introduced in the House.
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.