A recent study published by the NCEO (www.nceo.org) based on data from the Department of Labor, indicates there were 6,717 ESOPs covering approximately 14.1 million participants at the end of 2014 (latest complete data set available.) These plans held assets in excess of $1.3 trillion, or roughly $92,000 per participant which is more than 125% of the average annual income.
Read MoreA class of employees from Constellis Group Inc. recently won a $29.8 million ERISA judgment, representing the difference between what employee stock ownership plan trustee let the ESOP pay for the private security firm and what a Virginia federal court ruled it was worth.
Read MoreSherwin Williams Co. wasn't engaged in a tax shelter when it pre-funded its employee stock purchase plan contributions in 2003 and 2004 to insulate employees from threats to the stock price, the California State Board of Equalization said ( In re The Sherwin Williams Co. , Cal. Board of Equalization, No 785285, hearing 2/22/17 ).
Read MoreSummit, NJ: Pilot Hill Advisors is pleased to announce its client, an international, privately-held commercial equipment manufacturer, recently completed a partial ESOP buyout.
Read MorePALO ALTO, Calif., Feb. 20, 2017 /PRNewswire/ -- Harrell Remodeling, Inc., a leading design and build remodeling firm headquartered in Palo Alto, CA has earned the accreditation of being named a "certified employee-owned" business by San Francisco-based Certified EO, announced Ciro Giammona, CEO of Harrell Remodeling.
Read MoreDennis Frampton spent nearly 50 years working at Meadville's C&J Industries, a custom plastic-injection molder and medical device contract manufacturer, founded in 1962.
Read MoreSummit, NJ: Pilot Hill Advisors is pleased to announce a New York City-based client has recently become 100% ESOP owned.
Read MoreTanimura & Antle has become the largest agricultural company in Monterey County to share ownership with its employees.
Read MoreBrismarck Tribune: Hebron Brick Company, an area clay brick and concrete block manufacturer, has converted to an employee stock ownership plan, a benefit plan which provides company stock as part of employees' retirement benefits, reports Jessica Holdman.
Read MoreHOLTS SUMMIT, Mo. — The sole shareholders of PFSbrands, Shawn and Julie Burcham, have concluded the sale of 100 percent of the company to its employees through an employee stock ownership plan (ESOP). PFSbrands is the parent company to the Champs Chicken and Cooper's Express brands.
Read MoreSARATOGA SPRINGS, N.Y. — Stewart's Shops is making a $10.5 million contribution to its Employee Stock Ownership Plan (ESOP), an increase of $500,000 over last year. This company contribution equals approximately 15 percent of a Stewart's employee's pay in 2016.
Read MoreA chance conversation on a ski hill led to a dramatic turn of events for Peter Saladino, the president and then-majority owner of a Seattle construction company.
Read MoreIn a recent Forbes article, consulting firm Point B's CEO Mike Pongon discusses his experience as a second generation leader of a 100% ESOP owned company. Darren Dahl, contributor to Forbes magazine, interviewed Mike to learn about how its ESOP has contributed to its business and talent. Point B became 100% ESOP-owned in 2014 after started the ESOP as a 20% owner in 2008…
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