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Industry News


2012

4/2/2012
Update from NCEO CEO Loren Rogers on the DOL Re-Proposal
In Loren Rogers' monthly Employee Ownership update, he explains the outcome of a recent House Committee on Education and the Workforce hearing.
3/20/2012
ESOP Company King Arthur Flour Becomes a Vermont Benefit Corporation
The employee-owners of King Arthur Flour have elevated their company's commitment to being a business that does good by voting to become a Benefit Corporation in the state of Vermont.
3/14/2012
Competitiveness through Employee Ownership in the Forestry Industry: University of Wisconsin Releases ESOP Manual
As reported in today's ESOP Association blog, the University of Wisconsin and the Wisconsin Department of Natural Resources have issued an ESOP manual, providing companies in the Forest Products industry with a guide that explains how ESOPs can offer a more stable work environment than other ownership alternatives in the industry.
2/23/2012
DOL Works on Re-Proposal
The Department of Labor's Employee Benefits Security Administration plans to submit a new proposal in the department's regulation on plan fiduciaries.
2/23/2012
White House Budget and ESOPs
The Obama administration's revenue proposals make a specific reference to ESOPs.
2/8/2012
Employee Owners' Jobs More Stable in a Nervous Economy
This morning the Employee Ownership Foundation released new information from the 2010 General Social Survey that shows employee owners' jobs are more stable.
1/18/2012
Iowa Governor Announces ESOP Initiative
Iowa Governor Terry Branstad announced that promoting employee ownership would be a top economic priority.
1/6/2012
2012 Cost of Living Increases for Dollar Limitations on Benefits and Contributions
On October 20, 2011 the Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans for tax year 2012.

2011

11/23/2011
Restek Corporation Hosts Rep. Glenn Thompson
Restek Corporation, a 100% ESOP company located in Bellefonte, PA, hosted Rep. Glenn Thompson (R-PA). The Congressman spent several hours touring the facility, speaking with employee-owners and members of the leadership team and ESOP trustees.
11/1/2011
Introducing New Employees into ESOP Company Work Culture
In this article from The ESOP Association's ESOP Report, Praxis Consulting Group uses case studies to explain how to introduce new employees into your ESOP company's work culture.
9/20/2011
Senate Introduces Pro-ESOP Bill
Senators Benjamin Cardin (D-MD), Pat Roberts (R-KS) and Olympia J. Snowe (R-ME) introduce pro-ESOP bill that mirrors House Resolution 1244.
9/16/2011
Former Assistant Treasury Secretary Speaks in Support of S ESOPs
8/15/2011
PA Rep. Fitzpatrick Visits Modern Group
Rep. Fitzpatrick (PA-8) toured Modern Group's Bristol facility and met with management and members of the ESOP committee.
5/2/2011
Benefits of S Corporation ESOPs
This article from the Employee-Owned S Corporations of America (ESCA) website describes the benefits of S corporation ESOPs - from higher than average retirement account balances to the increase in employment at S corporation ESOP companies during the recession.
3/29/2011
Bi-Partisan Members of House Ways & Means Committee Introduce Pro-ESOP House Bill
House Resolution 1244, the Promotion and Expansion of Private Employee Ownership Act of 2011, was introduced by a bi-partisan group of key members of the House Ways and Means Committee.
3/11/2011
How an ESOP Can Boost Your Business
When business owners think about succession planning, they often picture selling to a competitor, a private equity firm or their management team. But there’s also a lesser-known option that can ensure business continuity while reaping tax benefits and motivating loyal employees — an Employee Stock Ownership Plan, or ESOP.

2010

5/6/2010
Representatives Boustany and Pomeroy Introduce Pro-ESOP House Bill
House Resolution 5207, The ESOP Promotion and Improvement Act of 2010, was introduced by Congressman Charles Boustany (LA-7) and Congressman Earl Pomeroy (ND-ATL).
1/5/2010
Senator Bernard Sanders Introduces Bills to Encourage Employee Ownership
Senator Bernard Sanders' (I-VT) first bill, S. 2909, provides funding for states to set up employee ownership programs. The bill is cosponsored by Senators Patrick Leahy (D-VT), Robert Menendez (D-NJ) and Sherrod Brown (D-OH).

2009

10/22/2009
Congressman Hinchey Introduces House Concurrent Resolution Supporting ESOPs
Congressman Maurice Hinchey (D-NY-22) introduced House Concurrent Resolution 204 which expresses continued support for employee stock ownership plans. House Concurrent Resolution 204 cites the Congressional history of ESOPs, references the 35 years of data evidencing that the vast majority of ESOP companies are high performing companies with better benefits that non-employee owned companies.
10/16/2009
IRS Announces Pension Plan Limitations for 2010
The Internal Revenue Service today announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010.
10/16/2009
Employee Ownership Foundation's 18th Annual ESOP Economic Performance Survey
The results from EOF's Annual ESOP Economic Performance Survey show that 88.5% of ESOP companies outperformed the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 in 2008.
8/7/2009
New Pro-ESOP Promotion Proposal Introduced in Senate
On August 6, 2009, Senator Blanche L. Lincoln (D-AR) introduced S. 1612, the ESOP Promotion and Improvement Act of 2009.
7/14/2009
NCEO is on LinkedIn!
The NCEO Employee Stock Ownership Network is a lively and fast-growing ownership network on LinkedIn.
1/1/2009
NCEO and The ESOP Association Launch ESOP Blogs
NCEO and The ESOP Association have launched ESOP blogs—Employee Ownership Notes and Employee Ownership Blog.

Webinar

DOL Investigations of ESOP Companies

Case Study

Reviewing and Improving an ESOP Company's
401(k)