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!
2935
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.
2934
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.
2921
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.
2917
Jan. 29
A unique thing about ESOP companies is that the trustee is the shareholder of record for the corporation, not the ESOP participants, who are beneficial owners. The trustee is a critical player, but the concept of a trustee can be confusing and unfamiliar to employee-owners. At most ESOP companies, a small group of employees, such as the CEO and CFO, regularly interact with the trustee through their functional roles, but otherwise employees don’t naturally interact with or get to know the trustee in the normal course of business.
2906
Jan. 29
The ESOP Association’s 19 chapters offer events throughout the year, providing essential learning and networking opportunities for ESOPs, employee owners, and professionals. Whether you’re looking to expand your knowledge, connect with peers, or gain insights from industry experts, the Association’s chapter events offer something for everyone.
2905
Jan. 29
Highly Engaged Chapter Leadership Teams Helping Drive Innovation & Growth at TEAThe ESOP Association's chapter structure, established in 1986, is a key element of our organization's strength. Comprised of 19 chapters across all states and regions of the U.S., TEA’s chapters are led by dedicated volunteers who play a vital role in advancing employee ownership.
2904
Jan. 29
The ESOP Association’s National Conference, held in Washington, DC each May, is not just a great opportunity to bolster your ESOP education, it’s also a vitally important opportunity to share your voice with Congress. While advocacy is important year-round, the stakes for ESOPs couldn’t be higher in 2025. The federal government, including both the U.S. Department of Labor and Congress, are working on issues that will affect ESOPs for years to come, and your voice has never been more important.
2901