The ESOP Association
ESOP Association Resources
Oct. 31
Happy Employee Ownership Month! It’s been great to see the energy and enthusiasm with which our community is embracing EOM this October, and it seems like every year, more and more ESOPs are getting into the spirit. This year, my social media feeds have been full of ESOPs around the country engaged in fun, informative, and charitable activities promoting the transformative story of employee ownership.
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Oct. 26
Thanks to YOUR efforts, we are very close to reaching our ESOPATHON fundraising goal, with more than $300,000 raised to date! And with one week remaining, there is still time to contribute and help the Employee Ownership Foundation fulfill its critical mission of growing employee ownership in America. Just go to esopathon.org/donate to make your tax-deductible contribution today. It’s easy!
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Oct. 25
Welcome to your October 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!
Inside this Issue:
Inside this Issue:
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Oct. 20
Pictured with Governor Parson (from left to right) are representatives of two employee-owned companies – Louis Landwehr, Winter-Dent & Company, and Doyle Edwards, Brewer Science – along with Trevor Monnig, president of the Heart of America Chapter of The ESOP Association.
Exciting news for ESOPs in Missouri! The announcement below, from September 6, is from the Missouri Chamber of Commerce:
Exciting news for ESOPs in Missouri! The announcement below, from September 6, is from the Missouri Chamber of Commerce:
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Oct. 19
Key Findings
Depending on the wealth measure considered, the estimates suggest that ESOP participants have about double the retirement wealth of otherwise similar non- ESOP individuals.
The results are broadly similar even when the sample was subdivided by retiree age.
ESOP wealth is somewhat more equally distributed among ESOP vs. non-ESOP participants.
Have you wondered what impact ESOPs have on wealth in retirement?
Do ESOPs influence wealth inequality among retirees?
Depending on the wealth measure considered, the estimates suggest that ESOP participants have about double the retirement wealth of otherwise similar non- ESOP individuals.
The results are broadly similar even when the sample was subdivided by retiree age.
ESOP wealth is somewhat more equally distributed among ESOP vs. non-ESOP participants.
Have you wondered what impact ESOPs have on wealth in retirement?
Do ESOPs influence wealth inequality among retirees?
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Oct. 18
In August, the U.S. Small Business Administration (SBA) announced several programmatic changes to the 7(a) loan program, including policies and procedures for ESOP loans. According to the SBA press release, the changes are meant to “increase small businesses’ ability to access funding to start up and grow through a broader network of lenders with streamlined lender procedures.”
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Oct. 17
Whether your employee-owned company is relatively new or well-established, a Culture Committee can be
an important instrument in promoting the benefits of employee ownership. While the benefits are numerous, the logistics of setting up and maintaining a Culture Committee can be daunting.
an important instrument in promoting the benefits of employee ownership. While the benefits are numerous, the logistics of setting up and maintaining a Culture Committee can be daunting.
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Oct. 16
Synthetic Equity Series – Part Two of Three
This is the second in a series of articles regarding the Internal Revenue Code (“IRC” or “Code”) Section 409(p) test specific to S-corporation ESOPs. The first article overviewed a list of items required for an IRC 409(p) test, one of which is information on any outstanding synthetic equity awards. This article will define synthetic equity for 409(p) purposes and overview common synthetic equity award forms. The final article in the series will discuss the calculation of values and equivalent shares to complete the 409(p) test.
This is the second in a series of articles regarding the Internal Revenue Code (“IRC” or “Code”) Section 409(p) test specific to S-corporation ESOPs. The first article overviewed a list of items required for an IRC 409(p) test, one of which is information on any outstanding synthetic equity awards. This article will define synthetic equity for 409(p) purposes and overview common synthetic equity award forms. The final article in the series will discuss the calculation of values and equivalent shares to complete the 409(p) test.
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Oct. 13
Just before Labor Day, employee ownership thought leaders from around the world convened at the historic Oxford University in the United Kingdom for the annual Oxford Symposium on Employee Ownership. For the second consecutive year, the Employee Ownership Foundation was proud to be a main sponsor of this important gathering to explore obstacles and opportunities for growing employee ownership worldwide. The overarching purpose of the Symposium is to develop ideas and policies for advancing the cause of employee ownership on a global scale.
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