Thursday, August 19, 2010

Company Survey Data on Average Account Balances of ESOP Companies Raises Eyebrows

Since the August 11, 2010, release of the data garnered by the survey of ESOP Association members that indicated that the average ESOP account balances of the respondents was nearly $200K, several experts in ERISA have pushed back with skeptical reactions based on earlier data collected by researchers. It is important to note that these account balance figures clearly are not representative of the entire ESOP universe, but are the responses of the ESOP companies that responded to this survey...

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Posted by ESOP at 11:24:46 AM in Retirement Issues (4) | Comments (0)

Tuesday, January 19, 2010

EBRI Says Career Jobs Never Existed

A press release issued January 7, 2010 by the Employee Benefits Research Institute (EBRI) --- a research institute in Washington, DC, which focuses on retirement, economic security issues, saving, and health --- stated that the idea that in yesteryear most American worked for the same employer throughout their working years is a myth. It was all a romantic notion. You can read the full press release here - http://www.ebri.org/pdf/PR.862_07Jan10.Tenure.pdf.   When people and groups...

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Posted by ESOP at 11:35:36 AM in Retirement Issues (4) | Comments (0)

Tuesday, December 01, 2009

ESOPs and Retirement Policy Debate

The following letter to the editor was sent to Tax Notes by Corey Rosen, the Executive Director of the National Center for Employee Ownership in Oakland, CA. The letter appeared in a November issue of Tax Notes. Corey shared the letter with us and we are featuring it here on the blog.   The letter was in response to an article which appeared in the October 19, 2009 issue of Tax Notes titled, “Repeal Tax Incentives for ESOPs” by Andrew Stumpff and Norman Stein.  The...

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Posted by ESOP at 4:31:07 PM in Retirement Issues (4) | Comments (0)

Friday, September 19, 2008

Should Public and/or Large Employers Have ESOPs?

The recent collapse of major publicly traded employers with significant amounts of stock ownership among employees have triggered the expected extremely negative stories about, as one financial “expert” said, the “stupidity” of employees owning stock in the companies where they work. [This particular story was about Lehman, where it is estimated 25% of the stock of Lehman’s was owned by employees through a variety of stock compensation arrangements, none of which...

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Posted by ESOP at 12:55:25 PM in Retirement Issues (4) | Comments (1)