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The ESOP Association

ESOP Association Resources

Jun. 14
Lifetime Service Award
Cindy Turcot
Cindy is truly a force of nature – and a force for employee ownership. 
She has been with Gardener’s Supply Company for nearly forty years, serving as COO, President, and for the past two years as CEO and President. 
Jun. 07
Thank you to all the ESOPs and employee owners who joined us in Washington, DC, for TEA’s National 2023 Conference. 
From the feedback we received, it was one of our most fun and productive events in recent years! This year’s theme of Education, Advocacy and Community really hit the mark as we continue to promote education for ESOPs and employee owners at the National Conference. 
Jun. 01
U.S. Senators Bernie Sanders (I-VT) and Bill Cassidy (R-LA), the Chairman and Ranking Member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, have sent a bipartisan letter to Acting Secretary of Labor Julie Su urging the Department of Labor to prioritize the WORK Act in its implementation of SECURE 2.0.
Apr. 28
Shortly after college, what started as a casual interest in employee ownership, turned into a lifetime career and journey that has paid many dividends to me as well as other employee owners.
Apr. 28
We’re only three weeks away from TEA National Conference 2023, the premier event for ESOP culture, communications, and advocacy! 
Planning on joining us in Washington, DC but haven’t registered yet? Please sign up today as we are getting close to capacity for this unique annual event that combines our world-class education and networking with political action and the opportunity to meet your members of Congress.
Apr. 26
Welcome to your April Issue of the ESOP Report. This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss! 
As a benefit of your membership, you receive the ESOP Report in your inbox each month. Make sure to share with your colleagues and employee owners!
Inside this issue:
Apr. 21
Is your ESOP providing the promised employee motivation, enhanced customer satisfaction and improved profitability? If no, you’re not alone. While studies have demonstrated ESOPs can be powerful tools to strengthen company performance and employee morale and retention, these results are only achieved if stock ownership is combined with a strong employee-owned culture. 
It’s never too late to start or improve the tools you use to get the most out of shared ownership.
 
Apr. 16
Canada’s employee ownership proposal, writes Graeme Nuttall and James Bonham, appears to ignore clear evidence of what has worked in the U.S. and U.K. — but there’s time to fix it.
We have witnessed a recent surge in business transitions toward employee ownership in both the United Kingdom and the United States.
Apr. 14
DOL Commits to Provide Long-Sought Regulatory Clarity with Stakeholder Input on the Valuation of Company Shares to be Bought by an ESOP
Washington, D.C., April 14, 2023 – In a major victory for Employee Stock Ownership Plans (ESOPs), the U.S. Department of Labor has committed to move forward with a public notice and comment rulemaking on a key regulation the community has sought since ESOPs were first created in 1974. The regulation will clearly define Adequate Consideration under Section 408(e) of the Employee Retirement Income Security Act of 1974 (ERISA).
Apr. 14
March was a busy month for TEA’s Chapter Program, which sprang into the new year with in-person conferences and events throughout the nation! In March alone TEA Chapter Officers, Programming Committees, and Chapter Executives hosted a total of 18 Chapter events, with more to come in April.