The ESOP Association
ESOP Association Resources
Feb. 27
During a ceremony on December 19th at DVL Group’s Bristol headquarters, Gerald “Jerry” Mullery (Deputy Secretary, Compensation & Insurance, PA Department of Labor & Industry) presented Tony O’Hare (DVL’s Safety and Compliance Manager) with the 2023 Governor’s Award for Safety Excellence (GASE), on behalf of the Pennsylvania Department of Labor & Industry. O’Hare accepted the award on behalf of DVL.
Feb. 22
Communication is incredibly important to help employee owners understand both the financial benefit of the ESOP and shared ownership culture. But when you look around at your company, you may see a multigenerational workforce with varying degrees of knowledge – and comfort – with the ESOP and financial terms.
So how can you effectively communicate the value of the ESOP, and ultimately strengthen your company’s ownership culture, when you have a multi-generational workforce? Here are a few key steps that we’ve seen work in a variety of industries.
So how can you effectively communicate the value of the ESOP, and ultimately strengthen your company’s ownership culture, when you have a multi-generational workforce? Here are a few key steps that we’ve seen work in a variety of industries.
Feb. 20
Advisors have seen a dramatic uptick in the number of conversations ESOP clients are having around mergers and acquisitions (“M&A”) in the past few years.
Feb. 16
In 1986 The ESOP Association’s Board of Directors adopted a change to the bylaws allowing for the organization of subgroups under its legal charter and non-profit recognition. Article VIII, Section 1 of The ESOP Association by-laws provide for groups organized in state or regional areas that are known as “State” or “Regional” Chapters of The ESOP Association. This change allowed for the development of our current structure of 19 chapters across the United States.
Feb. 13
As the new year kicked off, The ESOP Association’s State and Regional Chapter Council (SRCC) joined our Public Policy Council (PPC) Executive Committee in Washington, DC for an annual meeting. In addition to the business conducted by the SRCC and PPC executive committees, the more than 70 volunteer leaders went to Capitol Hill with information in hand to lay the groundwork for the Association’s advocacy efforts this year on several key fronts. They planted the seeds the Association is working to nurture and grow in 2024. But the next step needs your help.
Feb. 08
Product is the Result of Two-Year Professional Working Group Effort
Feb. 06
For many years, The ESOP Association’s National Conference in Washington, DC has served two essential roles for our community. It has been an opportunity for members to upskill their ESOP educations and hear from world-class speakers from the highest levels of business and government. And just as importantly, National Conference has played a key role in ESOP
advocacy as members meet with their Congresspeople and Senators to educate them about our most pressing issues.
In 2024, your participation is more important than ever.
advocacy as members meet with their Congresspeople and Senators to educate them about our most pressing issues.
In 2024, your participation is more important than ever.
Nov. 14
I’m sure you won’t be surprised when I make the statement “ESOPs are unique”. An ESOP is not like other privately held companies, and it’s definitely not like a publicly traded company. This is because ESOP employees are not just employees, they are also owners. Owners expect (and deserve) different things from their company and likewise, the company should expect a different level of engagement when sharing ownership.
Nov. 09
SYNTHETIC EQUITY SERIES – PART THREE OF THREE
This is the third in a series of articles covering components of the Internal Revenue Code (“IRC”) Section 409(p) test, which is specific to S-corporation ESOPs. The first article discussed the items required for the test, one of which is information on any outstanding synthetic equity awards. The second article defined and described common forms of synthetic equity for 409(p) purposes. We recommend that you review these two articles before proceeding, as this article presumes knowledge of the concepts discussed in them.
This is the third in a series of articles covering components of the Internal Revenue Code (“IRC”) Section 409(p) test, which is specific to S-corporation ESOPs. The first article discussed the items required for the test, one of which is information on any outstanding synthetic equity awards. The second article defined and described common forms of synthetic equity for 409(p) purposes. We recommend that you review these two articles before proceeding, as this article presumes knowledge of the concepts discussed in them.
Nov. 07
Happy Employee Ownership Month! It’s a special time for a special community. Employee owners nationwide celebrate with tremendous pride. It’s a great time to reflect on the 11 million-plus employee owners in America who not only enjoy the individual benefits that accompany employee ownership, but also the contributions to communities and the social good that employee ownership adds. We know we have a cause worth celebrating but also one – in the very nature of employee ownership – worth sharing.