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ESOP Association Members Make Fortune’s List of the 100 Best Companies to Work For

Congratulations go out to five members of The ESOP Association that have been named to Fortune’s list of the 100 Best Companies to Work For:

Burns & McDonnell Engineers-Architects, Kansas City, MO

W. L. Gore & Associates, Inc., Newark, DE

TDIndustries, Inc., Dallas, TX

Publix Super Markets, Inc., Lakeland, FL

Schweitzer Engineering Laboratories, Inc., Pullman, WA

“This is what ESOP companies do — they create great place to work. Congratulations to our members on the list,” said J. Michael Keeling, ESOP Association president. “An ESOP Association survey conducted in 2011 showed that 92.2% of survey respondents reported that creating employee ownership through an ESOP was ‘a good business decision that has helped the company.’ In addition, 72.9% of respondents indicated the ESOP positively affected the overall productivity of the employees. It would be a shame if the Congressional bipartisan support for our modest national policy encouraging employee ownership was not enhanced as Congress looks for a ‘common’ ground policy encouraging U.S. based jobs. Five percent of the companies on this list are wholly or partially owned through the ESOP which is an amazing figure considering that ESOP companies only make up about .0025 percent of all businesses in America.”

How employee stock ownership plans provide business owners a competitive advantage and tax savings

Help for our retirements and also the economy

Guest columnist: A way to strengthen retirement security for Iowans

ESOP determination letter update

Ownership plan eases retirement insecurities

Mitt Romney and ESOPs
If elected, Mitt Romney would be the first U.S. president to have direct experience with ESOPs. Bain and Company, which Romney once headed, set up an ESOP in 1985, paying what in retrospect appeared to be an inflated price for 30% of the company. Romney joined Bain in 1973 and rose to be vice-president. In 1983, he left Bain & Company to head its new spin off investment firm, Bain Capital, where Romney focused on leveraged buyouts. In 1990, he rejoined Bain & Company to replace its founder, Bill Bain, after the business consulting firm had suffered a string of setbacks, dissension, and a scandal over its work with Guinness PLC. Bill Bain had tried to sell the company, but had no takers. Instead, it was recapitalized, with the ESOP now owning 40% of the stock. Romney successfully restructured the firm, which went on to become consistently successful. He left in 1992. The ESOP was terminated in 2000 for reasons we could not discover.

IRS Announces Pension Plan Limitations for 2012

Business tools for wealth sharing

Proposed New Accounting Body for Private Companies

IRS Conference Call to Discuss ESOP Determination Letters

Miller's Health Systems on Television

NCEO Sept. Equity Compensation Report

NCEO Oct. Equity Compensation Report

Hurt Speaks to Small Business Owners in Charlottesville

A Committed Culture

Documentary in Progress
Veteran documentary filmmakers Mark Dworkin and Melissa Young are working on a film highlighting employee ownership. They have completed interviews at several worker-owned companies in the San Francisco Bay Area, the Evergreen Cooperatives in Cleveland, the NCEO, and, most recently, the ESOP-owned EBO Group. You can follow the film's progress at shiftchange.org.

Spur US retirement security, preserve and expand S-ESOPs

Employee ownership improving customer service at VGM Group

Employee ownership offers pride, roots

Senate Introduces Bill to Grow Jobs, Retirement Savings & Employee Ownership

Unions, Government Contractors, and ESOPs: Why Non-Union ESOP Companies Stay Non-Union

Acadian answers the call

Divorcing – 5 Reasons For Selling Your Business to an ESOP

Most Stock Drop Cases Involve 401(k) Plans

Pride of ownership: Jumbo Foods gives employees vested interest

The U.S. Department Of Labor And Certain Recurring ESOP Violations: If They've Seen It Once, They've Seen It ... A Lot!

THE MID-ATLANTIC CHAPTER ESOP ASSOCIATION NEWSLETTER - June 2011

FFI Practitioner

Picking Up the City's Garbage Is a Sweet Deal, and a Monopoly

Employee Ownership: The Road to Shared Prosperity

Protect Your Culture of Ownership with Reasonable ESOP Entry Dates By Bill McIntyre

A New Approach to Outside Offers By Bill McIntyre

The old economy is broken

Rutgers Awards Fellowships to Study Corporations and the US Economy

The ESOP Express Spring Newsletter.

Bipartisan Legislation Would Enable More Americans to Save for Retirement Through Private Employee Ownership

The ESOP Association Hails Introduction of the �Promotion and Expansion of Private Employee Ownership Act of 2011�

Repurchase Obligation and Accounting: No Change in Offing

ESOP Company Boards Moving Toward Independent Directors

The ESOP Association Submits Comments to House Ways and Means Committee on Tax Reform.

THE FINCASTLE HERALD - Gala Industries

A Business Owner Finds an Ideal Exit

Vermont senators ask DOL to back off on fiduciary expansion


Wellness Programs and Employee Ownership
October 14, 2010

The National Center for Employee Ownership has just published a new 28-page issue brief on wellness programs and employee ownership. Wellness programs are a natural fit with employee ownership. The most comprehensive research on wellness programs show they also yield about a 300% return on investment.

The issue brief includes several detailed wellness program case studies from ESOP companies. In addition, there is an overview of the data on wellness programs; an article by Lee Dukes, President of the Principal Financial Wellness Company on what makes wellness programs work; and an article by Amy Gordon and Susan Nash of McDermott, Will & Emery on legal issues for wellness programs.

The issue brief is just $15 to members and $25 to non-members. It is delivered electronically in PDF format. A mailed hard copy is $5 more.

I found working on this project among the most interesting and educational experiences I have had here, and I know that you will benefit greatly by learning more about these programs.

To order, go to http://www.nceo.org/main/pub.php/id/266/.

Two New Case Studies on Employee-Owned Companies Released

New Data on Employee Ownership in Large Public Companies

5 ESOP Success Story Videos for Employee Ownership Month

Women-owned Fraser Engineering Co. celebrates 60th anniversary

Integrated Relationships of ESOP Repurchase Obligation and Valuation

They Never Paid Me What They Owed Me!

The ESOP Association and the Employee Ownership Foundation Release Results of the 2010 ESOP Company Survey

Starting Over in Lexington: Taking Ownership

How Many ESOP "Sweet Spot" Companies Are There?

The Government is Here to Help; No Really!

Only 141 ESOP Lawsuits Involving Private Companies Reach Court Over 20 Years

Employee Ownership: A Promising Asset Building Strategy

Using an ESOP to Grow Your Business - By Carol Tice

The IRS Wants to Review Your ESOP Distribution Policy By by Sheppard, Mullin

ESOP Coach – Kelly Finnell on Fox 13 ESOPs

ESOP: Employee ownership of companies on the rise By Nancy Humphrey Case, / Correspondent / March 29, 2010

ESOPs on the Rise Among Small Businesses By Karen E. Klein

The ESOP as an Alternative Buyer in a Challenging Economic Environment
By Aziz El-Tahch, CFA, Stout Risius Ross Staff

Creating Buyers:The ESOP as Exit Strategy
By Randy Myers-CFO.com 11/9/09

Employee Ownership in a Tough Economy
By Martin Staubus (Republished with permission from the Beyster Institute)

Senator Sanders and Colleagues Propose New, and Effective, Ideas to Save American Jobs-PR Newswire

Making ESOP Cash Distributions - Hitting the Fairway and Avioding Hazards

Electronic Form 5500 Filing Starts Now!

ESOPs in Engineering Firms

ESOP Promotion and Improvement Act of 2009:
Provisions included in the 2009 pro-ESOP legislation introduced by Senator Blanche L. Lincoln (D-AR)"
The ESOP Association New Release - August 7, 2009
The ESOP Association Hails Introduction of S.1612, the ESOP Promotion and Improvement Act of 2009

Employee Ownership: What Every Professional Service Provider Ought to Know
By Martin Staubus, Beyster Institute Staff

Republished with permission from the Beyster Institute at the Rady School, UC San Diego (www.beysterinstitute.ucsd.edu).©2008 The Beyster Institute and its authors and their entities. All rights reserved.

The Five Constituencies We Serve Through Our Employee Ownership Work - Aug 2008
By Anthony I. Mathews, Beyster Institute Staff

New University of Pennsylvania Study Finds S ESOPs Yield Billions in New Benefits for
U.S. Workers and the Economy - Market Watch, The Wall Street Journal Digital Network

Mid Atlantic Chapter ESOP Association Newsletter, July 2008

Coordinating the Benefit Plan Audit and Form 5500 Preparation - Janice M. Wegesin, PCP - ASPPA asap Publication, July 8th 2008 No. 08-19

Failure to Disclose Revenue Sharing is Not a Breach of Fiduciary Duty
But May Jeopardize ERISA 404(c) Relief - Courtney Brunsfeld - Polsinelli, Flanigan & Suelthaus

ESOP's in Changing Times - Chang Ruthenberg & Long

Mid-Atlantic Chapter of the ESOP Association Newsletter, Connections

Explanation and Discussion of Proposed Section 3701 - L & R Committee Meeting, The ESOP Association

Michael Coffey’s The ESOP Two-Pager (Corporate Capital Resources)

How to Keep Rocking When the Feds Come Knocking – (Surviving IRS and DOL audits of your ESOP)

Selling the Benefits of Ownership – ESOPs give a stake in the business to employees

Employee Ownership: Economic Miracle or ESOPs Fable?

Time to Take a Fresh Look at ESOPs

February MAC Meeting in Baltimore – ESOP Financing

ESOPs and Government Contractors – January MAC Meeting in Tysons Corner

Treasury, IRS Issue Final S-Corporation ESOP Regulations

ERISA Basics

ESOP Strength in Minnesota – Why ESOPs work well for Minnesota companies

The Stock Option Backdating Scandal: Lessons for Privately Held Companies

Making the Most of a Capitol Hill Visit to Office of a Member of Congress
Prepared and published by The ESOP Association. Republished with permission from the ESOP Association. (www.esopassociation.org). All rights reserved.

Testimony of Paul S. Horn - Before the Senate Financial Committee, Maryland General Assembly, In Support of Senate Bill 820 "Employee Opportunity to Purchase Act

January MAC Meeting in Tysons Corner Draws Record Crowd