Marty Walsh, the two-term mayor of Boston, was confirmed as the Labor secretary by the Senate in a 68-29 vote on Monday, March 22, 2021.
Please see the ESOP Association's Official Statement for more on this news.
The ESOP Association
ESOP Association Resources
Mar. 22
Secretary Provides Responses to ESOP Questions During Confirmation Process
Mar. 11
What value does control bring in an ESOP transaction or annual valuation? This brief offers discussion and analysis on this important topic.
This brief was updated in March 2021.
This brief was updated in March 2021.
Mar. 09
Julie Su, current head of California’s Labor and Workforce Development Agency has been tapped by the Biden administration to be Deputy Labor Secretary under Labor Secretary Nominee Marty Walsh.
Mar. 09
$1.9 trillion relief bill includes $1,400 checks, billions for vaccines, and money to reopen schools. Restaurant, airplane manufacturing, concert venue industries set to benefit most.
ESOP Blog, Resource
Apr. 24
At Entertainment Partners, with our 1,100 employee owners spread out across more than 10 locations nationwide, we rely heavily on technology to help us communicate and connect with each other. To us, “social media” encompasses any technology that enables us to create and share content and make those connections. It could be software specifically geared toward fostering collaboration in the workplace or it could be the same website you use to share hilarious cat videos or that perfectly angled selfie.
Resource, Press Releases
Apr. 15
Gardener’s Supply Company of Burlington, VT, has been named the 2018 ESOP Company of the Year by The ESOP Association. The announcement was made at The Association’s Annual Conference.
“Gardener’s Supply is a prime example of an ESOP company that actively engages its employee owners, the employee ownership community, and elected officials at the state and federal levels,” said ESOP Association President J. Michael Keeling. “Its commitment to sharing with others the power of ESOPs is an example all ESOP companies can proudly seek to replicate.”
“Gardener’s Supply is a prime example of an ESOP company that actively engages its employee owners, the employee ownership community, and elected officials at the state and federal levels,” said ESOP Association President J. Michael Keeling. “Its commitment to sharing with others the power of ESOPs is an example all ESOP companies can proudly seek to replicate.”
ESOP Blog, Resource
Apr. 02
Most businesses wrestle with their health care costs. Being an ESOP does not make us immune to this challenge.
Travel and Transport is a 1,400-person company with offices from Boston to Seattle. We have a self-insured health plan in which approximately two thirds of our employee owners participate. Our plan has run large deficits the past several years and, as a result, we are in the midst of making some major changes.
Travel and Transport is a 1,400-person company with offices from Boston to Seattle. We have a self-insured health plan in which approximately two thirds of our employee owners participate. Our plan has run large deficits the past several years and, as a result, we are in the midst of making some major changes.
Resource, ESOP Report, Legal Update, Ownership Advantage, Washington Report, President's Page, ESOP PAC, Distribution, SBA, Foundation, Stock Sale, Asset Sale, Voluntary Correction Program
Apr. 01
Congress takes two actions in support of ESOPs.
Aug. 17
The ESOP Association and other employee benefit groups play a major role in Congress making permanent many Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) provisions that benefit sponsors of defined contribution plans, such as ESOPs.