The ESOP Association
ESOP Association Resources
May. 31
The history of M. Dyer Global started off with the vision of Medford Dyer back in the late 1960s. At the time, only a few agents assisted the Department of Defense with logistic services in the Pacific. He started M. Dyer & Sons in 1968 when his oldest son was still in elementary school. He purchased a few trucks and a forklift by mortgaging his house, rented a warehouse, and soon after, about a dozen employees joined him to start M. Dyer & Sons.
May. 24
An ESOP can connect employee actions with company success, but that doesn’t automatically result in employee-owners taking responsibility for the success of the company. Sharing financial information is a critical first step to provide employee-owners with an understanding of how the business is doing. In addition, it’s essential to build people’s financial literacy and create systems for participation that empower employee-owners to act on the financial information shared and positively impact company performance.
What financial information should you share?
What financial information should you share?
May. 17
Every spring, a portion of the TEA Board of Directors turns over as terms expire and a new slate of nominees are put before the Association’s membership for election. This spring will also bring forward a biennial change in officers alongside those new faces joining the Board for the first time. Terms will begin on May 1 and last for two years.
May. 10
Anyone involved with the ESOP community for any length of time has been confronted, and confounded, by the difficulties posed by the U.S. Department of Labor. The DOL’s enforcement division – the Employee Benefit Security Administration (EBSA) – was tasked under ERISA with serving as the protector of employee beneficiaries of qualified retirement plans.
May. 03
DOL Commits to Provide Long-Sought Regulatory Clarity with Stakeholder Input on the Valuation of Company Shares to be Bought by an ESOP
In a major victory for ESOPs, the U.S. Department of Labor earlier this month committed to move forward with a public notice and comment rulemaking on a key regulation the employee ownership 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), something The ESOP Association has long fought for.
In a major victory for ESOPs, the U.S. Department of Labor earlier this month committed to move forward with a public notice and comment rulemaking on a key regulation the employee ownership 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), something The ESOP Association has long fought for.
May. 01
One of the key things needed for effective advocacy is a considered and well-thought-out agenda. Over the past year, The ESOP Association’s Public Policy Council (PPC), first constituted in 2021, has been engaged in an organization-wide effort to identify and expand on our agenda. Input from TEA members was solicited online, via town halls at TEA conferences, at chapter events, and through TEA’s Public Policy Council. We are pleased to now release the results of this process.
Apr. 27
Today, during a Small Business Administration Budget Hearing, Rep. Dean Phillips (MN-3) engaged Administrator Isabel Guzman of the Small Business Administration on the issue of employee ownership. Rep. Phillips is a member of the House Small Business Committee who is a former businessman with a family history of employee ownership.
Apr. 19
Senator Bernie Sanders, Independent Senator from Vermont and ESOP supporter will be addressing the National Conference on May 5, 2022.
Senator Sanders, the longest standing Independent member of Congress, has represented Vermont in the US Senate since 2007. In his 3rd term in the Senate, he is currently the Chairman of the Senate Budget Committee, and a high-ranking member of the Senate Health, Education, Labor, and Pensions Committee, among other Senate committee assignments.
Senator Sanders, the longest standing Independent member of Congress, has represented Vermont in the US Senate since 2007. In his 3rd term in the Senate, he is currently the Chairman of the Senate Budget Committee, and a high-ranking member of the Senate Health, Education, Labor, and Pensions Committee, among other Senate committee assignments.
Apr. 18
Roundtables at #TEANational2022
Don’t miss our great lineup of roundtables, only at TEA National 2022.
CEO Roundtable: Inflation & Its Impact Your Business
Moderator: Derrick Vick Thursday, May 5 at 10:00 AM
Don’t miss our great lineup of roundtables, only at TEA National 2022.
CEO Roundtable: Inflation & Its Impact Your Business
Moderator: Derrick Vick Thursday, May 5 at 10:00 AM