Inside this Issue:
Diamond Saw Works President & CEO Matt Sharpe Takes the Helm as the NY/NJ Chapter President
New York/New Jersey Chapter Awards
Upcoming Events
Chapter Membership Snapshot
Recap of Recent Events
2024 Chapter Officers
Executive Committee Volunteer Opportunities
Read the Full Issue >>
The ESOP Association
ESOP Association Resources
May. 15
Our first Member Spotlight of the year is fitting as Bob Theisen (DISTek) highlights our 2024 IA/NE Employee Owned Company of the Year - Rayser Holdings!
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May. 02
Over the past few months, The ESOP Association has been conducting an expansive market research study looking into attitudes toward ESOPs and employee ownership. Our goal for this ambitious project is to help ESOPs and professional service providers gain an edge in both internal and external communications through data-driven messaging that resonates with target audiences. We are just now starting to receive and analyze the results from this first-of-its-kind study, and we will release the initial findings and key takeaways at next week’s National Conference in Washington, DC.
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May. 01
Welcome to your March 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:
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:
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Jun. 28
Welcome to the June issue of the ESOP Report - find the latest ESOP news, tips, topics, and more!
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Jun. 24
Senator Van Hollen is a strong supporter of ESOPs and it was our pleasure to host him at the International Employee Ownership Center for an event. Employee owners in Maryland should be proud of his advocacy on their behalf.
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Jun. 23
Employee ownership is continuing to see support in Congress, coming off two huge wins in the U.S. Senate. This time the House Appropriations Committee is considering a bill that would continue to direct the Small Business Administration to act in support of employee ownership. This effort continues the drumbeat in Congress, led by The ESOP Association, supporting employee ownership. Details are below.
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Jun. 22
Senate Finance Committee passes the Enhancing American Retirement Now (EARN) Act, which includes a provision partially expanding section 1042 tax deferral to ESOPs that are S-corporations. The EARN Act section 1042 provision matches a similar provision in the Securing a Strong Retirement Act (H.R 2954) which passed the House of Representatives in March. The bill passed the Senate Finance Committee with unanimous support.
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Jun. 17
The Senate Finance Committee today released a summary of the Enhancing American Retirement Now (EARN)
Act that includes a provision partially expanding section 1042 tax deferral to ESOPs that are S-corporations. Expanding section 1042 tax treatment to S-corporations has been a top priority of The ESOP Association’s advocacy efforts for many years and has been a focus of recent advocacy days and grassroots advocacy campaigns, including at TEA’s National Conference for the last 2 years.
Act that includes a provision partially expanding section 1042 tax deferral to ESOPs that are S-corporations. Expanding section 1042 tax treatment to S-corporations has been a top priority of The ESOP Association’s advocacy efforts for many years and has been a focus of recent advocacy days and grassroots advocacy campaigns, including at TEA’s National Conference for the last 2 years.
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Jun. 14
The United States Senate Health, Education, Labor, and Pensions (HELP) Committee has passed S. 4353, the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE and SHINE) Act, which includes significant provisions that promote ESOPs and require the U.S. Department of Labor (DOL) to provide regulatory guidance the Association has been seeking for more than four decades.
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