The ESOP Association
ESOP Association Resources
Nov. 26
House Committee on Education & the Workforce discovered DOL secretly sharing confidential information with plaintiffs’ attorneys pursuing class action lawsuits against plan fiduciariesWashington, DC – The ESOP Association today applauded House Committee on Education & the Workforce Chair Virginia Foxx for calling out potential abuse of authority at the Department of Labor (DOL) and its Employee Benefits Security Administration (EBSA) and calling for an investigation by the DOL’s Inspector General.
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Nov. 20
Strategic planning is not just for executive leadership or the management team. I would go so far to say that the execution of your strategy happens with those employees who are closest to the customer, the product, or the service: The Front-Line Employees! If you believe in this assumption, you should be including them in developing your organization’s strategy. If you want their buy-in, you must get their input. If you want their input, you must first teach them about the business. You can start by teaching them how to set objectives, goals, tactics, and measures.
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Nov. 15
At The ESOP Association, we believe in recognizing and celebrating the exceptional efforts and achievements of our outstanding members. It's that time of the year again when we invite you to participate in our Employee Owner of the Year and Company of the Year Awards.We know that TEA’s success is a collective effort, and we want to honor those members who go above and beyond to contribute to our vibrant ESOP culture. We encourage you to take a moment to reflect on the remarkable accomplishments of your colleagues or company and nominate them for the prestigious awards.
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Nov. 04
Over 50 years after the legislation creating ESOPs was signed into law by President Gerald R. Ford, the U.S. Department of Labor is now in the final stages before publishing the single most important regulation necessary for ESOPs: standards and procedures by which a Trustee can in good faith evaluate stock price.
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Nov. 01
Welcome to your October issue of the ESOP ReportThis month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
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Dec. 29
The Consolidated Appropriations Act of 2023 (P.L. 117-328) includes the Worker Opportunity, Readiness and Knowledge (WORK) Act, sponsored by Senators Bernie Sanders (I-VT) and Jerry Moran (R-KS), which creates the Employee Ownership Initiative at the DOL to promote employee ownership and directs the DOL to provide formal guidance on the vital issue of properly valuing shares of company stock to be bought by an ESOP– a key rule long missing from the ESOP regulatory landscape. The law included new provisions allowing S corporation ESOPs limited use of section 1042 tax deferral.
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Dec. 21
Happy Holidays from Your Friends at The ESOP Association!
The ESOP Report will return in early January 2023 with all the news, content, and announcements you expect from The ESOP Association.
The ESOP Report will return in early January 2023 with all the news, content, and announcements you expect from The ESOP Association.
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Dec. 20
Congressional negotiators early this morning released the Consolidated Appropriations Act of 2023 which includes numerous top priority provisions sought by The ESOP Association on behalf of its membership.
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Dec. 14
The ESOP Association released the following statement on the unexpected passing of Will Raap, a visionary leader in employee ownership, organic gardening, and locally sourced and sustainable food.
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Dec. 07
The ESOP Association has been working with Congress during this congressional session on bipartisan retirement security legislation. That important legislation – which includes provisions that affect every ESOP and employee ownership in general – is being considered in the final days of the current Congress. If this bill, which was painstakingly negotiated and enjoys broad bipartisan support, doesn’t pass now, the entire legislative process must start over next year.
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