Bandit Industries – Remus, MI and Isabella County's eighth-largest employer – announced on Friday it would become 100 percent employee-owned.
Read MoreWhen commercial printer Hopkins Printing relocated from its south side of downtown Columbus, Ohio, location in 2000 after constructing its current, 75,000-sq.-ft. facility located on CityGate Drive, the back of the nine-acre site was intentionally left open for future expansion. That day has come.
Read MoreKEWASKUM — After owning and running DACO Precision Tool for more than 30 years, co-founders Randy Weber and Lloyd Kanzenback decided the best way to move forward was to give the company to the employees.
Read MoreRon Butt, senior partner and co-founder of ARGI Financial Group, has sold his shares in the company.
Read MoreCLEVELAND, Ohio - What began as an annual employee summit turned into an emotional gathering culminating with bottles of beers being cracked open.
Read MoreUXBRIDGE — When Robin L. LeClaire, 60, first started working at Lampin Corp. 32 years ago, she had never pictured herself working in a machine shop with "all the oil and grease," she said.
Read MoreCathy Burch and her twin sister Deborah began working 27 years ago, at the age of 19. Cathy took a job at WinCo, a supermarket chain. Her sister went to work at a telephone company. Cathy stayed at WinCo; Deborah moved around. By 2014, an article in Forbes reports, Deborah had about $30,000 in retirement savings, fairly typical for her age group. Cathy, who stayed at WinCo, had nearly $1 million saved for retirement.
Read MorePISCATAWAY, N.J.--(BUSINESS WIRE)--In companies with an Employee Stock Ownership Plan (ESOP), the average worker has accumulated $134,000 in wealth from his or her stake, according to new research by professors Joseph Blasi and Douglas Kruse of the Institute for the Study of Employee Ownership and Profit Sharing at the Rutgers School of Management and Labor Relations.
Read MoreRobotics Integrator Becomes Part of OwnersEdge
Read MoreThe U.S. Department of Labor has entered into a fifth settlement agreement with the trustee of an employee stock ownership plan (ESOP). The agreement was entered into in connection with a recently settled case relating to the 2010 purchase of Cactus Feeders Inc. stock by the Cactus Feeders Inc. Employee Stock Ownership Plan.
The agreement with Lubbock National Bank (the LNB Agreement), announced on May 4, 2018, is identical to the first process agreement that the DOL entered into in 2014 with GreatBanc Trust Company (the GBTC Agreement).
Notably, the LNB Agreement does not contain any of the items that the DOL requested be added to agreements with ESOP trustees that were entered into after the GBTC Agreement.
Pro-ESOP bill seeking to direct the SBA to help ESOPs passes the House by a voice vote.
Read MoreWASHINGTON, May 7, 2018 /PRNewswire-USNewswire/ -- The ESOP Association applauds Senator Kirsten Gillibrand (D-NY) for introducing S. 2786, the Main Street Employee Ownership Act of 2018.
Read MoreKI, a global office furniture manufacturer based in Green Bay, has been sold to its more than 2,000 employees worldwide, turning it into one of the largest companies in the U.S. operating under an employee stock ownership plan.
Read MoreIn September 2015, Doug Schukar, president and CEO of USA Mortgage, paid a visit to one of the company's largest branches, located in Jefferson County. Schukar regularly checks in with branch managers and loan officers, treating them as if they're family. But, this particular trip was different.
Read MoreNorth Syracuse, NY – U.S. Senator Kirsten Gillibrand visited Syracuse Label & Surround Printing, which supports worker-owned co-ops, to announce her bipartisan legislation the Main Street Employee Ownership Act, which would support small businesses that invest in and reward their workers and communities by transitioning to an Employee Stock Ownership Plan (ESOP) or a cooperative (co-op).
Read MoreA California law firm and a Hawaii architectural firm are in the crosshairs of a lawsuit by the Labor Department over the alleged mishandling of a $40 million employee stock ownership plan transaction.
Read MoreSummit, NJ: Pilot Hill Advisors is pleased to annouce their client, founder and sole owner of a precision machining company, recently completed the sale of a large, minority interest block of stock to the company's newly formed Employee Stock Ownership Plan.
Read MoreOne of the management team members let out a gasp. Two others shook their heads in disbelief and angst. The senior leader on their team had just informed them that the company they had been strategically targeting over the last several months was employee-owned, or at least partially employee-owned, through an Employee Stock Ownership Plan (ESOP).
Read MoreAssociate-owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value announcement on April 26.
Read MoreCINCINNATI, April 24, 2018 /PRNewswire/ -- The Motz Corporation, global provider of innovative turf solutions, is now employee owned after launching an employee stock ownership plan (ESOP).
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