I’m sure you won’t be surprised when I make the statement “ESOPs are unique”.  An ESOP is not like other privately held companies, and it’s definitely not like a publicly traded company.  This is because ESOP employees are not just employees, they are also owners.

SYNTHETIC EQUITY SERIES – PART THREE OF THREE

This is the third in a series of articles covering components of the Internal Revenue Code (“IRC”) Section 409(p) test, which is specific to S-corporation ESOPs.

Happy Employee Ownership Month! It’s a special time for a special community.

From Oregon to Massachusetts and from Minnesota to Florida, TEA’s Chapter team logged some serious miles in October, hosting chapter and regional fall conferences across America.

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.

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.

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:

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.

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 dis

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.