The ESOP Association
ESOP Association Resources
Mar. 14
Washington, DC, March 14, 2022 - The ESOP Association and American Benefits Council jointly filed an amicus brief in the U.S. Court of Appeals for the Second Circuit in support of the belief that ESOP plans need, and have, the ability to require individual arbitration to resolve individual participant disputes. A previous District Court ruling has the potential to eliminate individual arbitration, which would dramatically increase the litigation costs for companies with employee defined-contribution retirement plans, such as ESOPs and 401(k)s.
Mar. 11
Yesterday the House of Representatives passed H.R. 2471, an omnibus spending bill consisting of all 12 fiscal year 2022 appropriations bills and supplemental funding to support Ukraine.
Late last evening, in less than 48 hours after the final text was unveiled, the Senate passed this spending package that will fund the federal government through September 2022. The funding package now heads to the White House for President Biden’s signature.
Most importantly for TEA members, the bill includes some wins for employee ownership.
Late last evening, in less than 48 hours after the final text was unveiled, the Senate passed this spending package that will fund the federal government through September 2022. The funding package now heads to the White House for President Biden’s signature.
Most importantly for TEA members, the bill includes some wins for employee ownership.
Mar. 10
On March 9th, the House passed H.R. 2471, an approximately $1.5 trillion omnibus spending bill consisting of all 12 fiscal year 2022 appropriations bills plus supplemental funding of $14 billion to support Ukraine and other measures. The legislation passed in two pieces with two votes, each of which had bipartisan support. The Senate is expected to act and pass the bill before week’s end. Most importantly for TEA members, the bill includes some wins for employee ownership.
Mar. 08
Advocacy Academy, ESOP Advocacy Day, New Town Halls, High Impact Keynote Speakers, and 60+ Learning Sessions. Virtual and In-Person!
Mar. 01
Des Moines Iowa, March 1, 2022 –Today Iowa Governor Kim Reynolds returned to Library Binding Services (LBS Inc.), a 100% employee-owned business, to sign into law legislation to eliminate state taxes on retirement income, including taxes on Employee Stock Ownership Plans (ESOP) distributions. This important change has the power to motivate more Iowa business owners to sell their businesses to their employees as a business succession plan.
Chapter News, Resource
Oct. 31
Recap of the Midwest Regional Conference; this month’s featured member; Employee Ownership Month activities; summary of Congressional visits; list of upcoming events.
Employee Ownership, Culture
Oct. 30
Editor’s Note: As part of this year’s Employee Ownership Month celebration, we asked our members to share, in their own words, what being an employer means to them.
By Leila Castañeda, Strategic Initiatives Manager, Rincon Technology, Inc.
When I first interviewed for the position at Rincon Technology, I was asked to describe the life I always wanted to live; it was a question I had never been asked before by a potential employer. My shoulders and expression relaxed. Lost in thought, contemplating the request, I responded: “freedom.”
By Leila Castañeda, Strategic Initiatives Manager, Rincon Technology, Inc.
When I first interviewed for the position at Rincon Technology, I was asked to describe the life I always wanted to live; it was a question I had never been asked before by a potential employer. My shoulders and expression relaxed. Lost in thought, contemplating the request, I responded: “freedom.”
ESOP Surveys, Economic Performance Survey, Revenue, Profits, Productivity, ESOPs Share the Wealth, Resource
Oct. 17
The Economic Performance Survey has been the yardstick for measuring the success of The ESOP Association’s member companies since 2000.
ESOP Association, ESOP Blog, Wealth Inequality, Wealth Distribution, Kellogg Foundation, ESOP Research, Rutgers University, Resource
Oct. 16
There is plenty of data about wealth inequality, focusing on data alone misses a key point: Wealth inequality is about people. It is about people who go to work, pay their bills, meet their responsibilities, contribute to their communities, and pay their taxes—and who, in spite of their best efforts, are prevented from sharing in the wealth they help create.