Growth in Indiana ESOPs
Has there been growth in the number of ESOPs in Indiana over time? The simple answer is YES! From the 2010 DOL 5500 data, Indiana was home to 160 ESOPs, providing wealth generation for 96,131 Hoosiers. Five years later, the 2015 DOL 5500 data, identifies the number of Indiana ESOPs at 176 a 10% increase. …
Indiana ESOP Association Chapter Meeting
Will you be attending the Indiana Chapter 2019 Spring Conference in Carmel Indiana on 6 March 2019? The Event will be held at the Ritz Charles Carmel, 12156 N Meridian Street in Carmel Indiana. The Indiana Center for Employee Ownership is a Gold Sponsor of this event. Dr. Van Doel will be in attendance at…
Legislative update
S.177 This bill introduced Jan 17, 2019 by Senator Pat Roberts (R-KS) is A bill to amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes. This bill enjoys bipartisan support with 25 cosponsors 15 Democratic and 10…
Call for Nominations
2019 Indiana ESOP of the Year Nominations The “ESOP Company of the Year” is a company that has a commitment to employee ownership, as evidenced by its: involvement with The ESOP Association and its programs; communications with employees; and, commitment to the Vision of The ESOP Association that endorses employee participation, wealth creation, and individual dignity and worth.…
Outside Board Registry
Are you an ESOP? Are you looking to add external board members to your board of directors? Not sure where to look? – Did you know that The ESOP Association maintains an Outside Board Registry of corporate (~53), processional (~31), and Educational (~10) ESOP Association Members who are interested in serving on the boards of ESOP…
Mid-Year Fellows Workshop in Honor of Louis O. Kelso
As a Louis O. Kelso Fellow, Dr. Van Doel, will be attending the Mid-Year Fellows Workshop in Honor of Louis O. Kelso. This years theme is Broad Based Employee Ownership Research and Policy Development. The purpose of the annual workshop is to study broad-based forms of capital ownership and capital income such as employee stock ownership,…
How does my ESOP account Grow?
A common question asked within an ESOP is how does my ESOP account grow? There are two common methods through an increase in the number of shares, or by an increase in the value of those shares. Number of shares: The first way an ESOP account can grow is through the annual release of shares…
Employee-Owners Have a More Secure Retirement
A great article from the Washington Post on ESOPs and wealth Generation. While an ESOP is a retirement plan, unlike a 401K where most of the money in the account is contributed by the wage earner, all the funds contributed to the ESOP are done so by the company. Some call this free money – but…
The British are Coming — ESOPs and Perpetual Trusts
The British are Coming — ESOPs and Perpetual Trusts By Christopher Michael NOTE: Orginally posted in Employee-Owned America. In the United States, the employee ownership community has its favorite example: Publix Supermarkets. Founded in 1930, Publix started an employee ownership program in 1959. With more than $34 billion in revenue, Publix now manages 193,000 employees at…
ESOPs & Economically Distressed Communities
Do (Can) ESOPs make a difference in ecomomically distressed communities? The National Center for Employee Ownership recently posted the following: In its January-February 2019 newsletter, the NCEO will unveil research that examines the impact of ESOPs on distressed communities as defined by the Distressed Communities Index created by the Economic Innovation Group. Fifty million people…