The ESOP Association
ESOP Association Resources
Nov. 26
House Committee on Education & the Workforce discovered DOL secretly sharing confidential information with plaintiffs’ attorneys pursuing class action lawsuits against plan fiduciariesWashington, DC – The ESOP Association today applauded House Committee on Education & the Workforce Chair Virginia Foxx for calling out potential abuse of authority at the Department of Labor (DOL) and its Employee Benefits Security Administration (EBSA) and calling for an investigation by the DOL’s Inspector General.
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Nov. 20
Strategic planning is not just for executive leadership or the management team. I would go so far to say that the execution of your strategy happens with those employees who are closest to the customer, the product, or the service: The Front-Line Employees! If you believe in this assumption, you should be including them in developing your organization’s strategy. If you want their buy-in, you must get their input. If you want their input, you must first teach them about the business. You can start by teaching them how to set objectives, goals, tactics, and measures.
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Nov. 15
At The ESOP Association, we believe in recognizing and celebrating the exceptional efforts and achievements of our outstanding members. It's that time of the year again when we invite you to participate in our Employee Owner of the Year and Company of the Year Awards.We know that TEA’s success is a collective effort, and we want to honor those members who go above and beyond to contribute to our vibrant ESOP culture. We encourage you to take a moment to reflect on the remarkable accomplishments of your colleagues or company and nominate them for the prestigious awards.
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Nov. 04
Over 50 years after the legislation creating ESOPs was signed into law by President Gerald R. Ford, the U.S. Department of Labor is now in the final stages before publishing the single most important regulation necessary for ESOPs: standards and procedures by which a Trustee can in good faith evaluate stock price.
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Nov. 01
Welcome to your October issue of the ESOP ReportThis month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
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COVID-19, remote work, hoteling, third shift
Apr. 27
As companies mull how to return to work, they may want to consider ways that the workplace may need to shift and adapt to the COVID-19 pandemic. Here are some thoughts about how the future may look.
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Apr. 27
There has been a clear shift in the political environment propelled by public discussions of certain large, public companies obtaining loans under the Paycheck Protection Program (the “PPP”) authorized by the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), including Shake Shack, Ruth’s Chris and others[1]. During this time, many small businesses have been quoted in the press expressing frustration with their inability to access the PPP program prior to the first round of guarantee authority being exhausted.
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Apr. 24
New guidance assures that ESOP companies are eligible for key federal relief under the Paycheck Protection Program.
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Apr. 24
During the COVID pandemic, The ESOP Association works with Congress and the SBA to ensure ESOPs are eligible for Paycheck Protection Plan (PPP) loans under the CARES Act. This critical guidance was issued by the Small Business Administration (SBA) and Treasury Department, and was supported by key ESOP Congressional Champions.
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Apr. 24
New guidance and a resource page from the EEOC can help reduce risk as employers make plans to reopen their businesses.
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