The ESOP Association
ESOP Association Resources
Feb. 28
Welcome to your February 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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Feb. 27
The U.S. Senate Committee on Health, Education, Labor & Pensions (HELP) today voted to advance Lori Chavez-DeRemer’s nomination for Secretary of Labor to the full Senate. The HELP Committee approved Chavez-DeRemer’s nomination in a bipartisan vote of 13-9, with Democratic Senators Maggie Hassan (NH), John Hickenlooper (CO), and Tim Kaine (VA) voting in favor and Republican Senator Rand Paul (KY) opposed. Her nomination will now advance to the full Senate where a vote could come as soon as next week.
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Feb. 12
President Donald Trump today nominated Daniel Aronowitz, President of Encore Fiduciary and a leading expert with thirty years of experience on fiduciary issues, to be Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA) at the U.S. Department of Labor. If confirmed, Aronowitz would be the lead regulator for ESOPs at the Department of Labor, as EBSA is tasked with administration and enforcement under ERISA.
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Feb. 11
The ESOP Association, the only comprehensive national trade association representing businesses owned fully or partially by an Employee Stock Ownership Plan (ESOP), launched a targeted paid media campaign this week in support of Lori Chavez-DeRemer’s confirmation to be Secreatary of Labor. The campaign will be sustained through her confirmation vote.
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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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