The ESOP Association

ESOP Association Resources

Sep. 22
The ESOP Association Petitions U.S. Department of Labor to Undertake Congressionally Mandated Rulemaking
FOR IMMEDIATE RELEASE 
September 22, 2022 
The ESOP Association Petitions U.S. Department of Labor to Undertake Congressionally Mandated Rulemaking 
Aug. 12
The ESOP Association Statement on Final Passage of Inflation Reduction Act
FOR IMMEDIATE RELEASE
August 12, 2022
 
The ESOP Association Statement on Final Passage of Inflation Reduction Act
Today, the U.S. House of Representatives passed the Inflation Reduction Act (HR 5376).  It will now advance to President Biden and is expected to be signed into law in the next ten days.
 
Aug. 08
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
FOR IMMEDIATE RELEASE
August 8, 2022
 
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
The Senate-passed reconciliation bill in Congress, titled the Inflation Reduction Act (H.R. 5376), includes language promoted by The ESOP Association to protect employee stock ownership plans from new excise taxes on stock repurchases.  This provision potentially paves the way for a tremendous financial incentive to form employee stock ownership plans.  
 
May. 09
Torchlight Award Presented to Colorado Governor Jared Polis By The ESOP Association
The ESOP Association has presented its inaugural Torchlight Award to Colorado Governor Jared Polis for his leadership in advancing employee ownership and employee stock ownership plans (ESOPs) in Colorado.
May. 06
Cedar Rapids-Based, Folience, Named 2022 ESOP Company of the Year
FOR IMMEDIATE RELEASE
May 6, 2022
 
Cedar Rapids-Based, Folience, Named 2022 ESOP Company of the Year
 
May. 06
ESOP Association Announces 2022 Employee Owner of the Year
FOR IMMEDIATE RELEASE
May 6, 2022
 
ESOP Association Announces 2022 Employee Owner of the Year
Sarah Limoges of Admix Inc. Earns Highest Individual Honor for Employee Owners
 
Mar. 14
Amicus Brief Filed In Support of ESOP Plans
Washington, DC, March 14, 2022 - The ESOP Association and American Benefits Council jointly filed an amicus brief in the U.S. Court of Appeals for the Second Circuit in support of the belief that ESOP plans need, and have, the ability to require individual arbitration to resolve individual participant disputes.  A previous District Court ruling has the potential to eliminate individual arbitration, which would dramatically increase the litigation costs for companies with employee defined-contribution retirement plans, such as ESOPs and 401(k)s. 
Mar. 01
Legislation Eliminating Iowa Retirement Income Tax, Including ESOPs, Signed Into Law
Des Moines Iowa, March 1, 2022 –Today Iowa Governor Kim Reynolds returned to Library Binding Services (LBS Inc.), a 100% employee-owned business, to sign into law legislation to eliminate state taxes on retirement income, including taxes on Employee Stock Ownership Plans (ESOP) distributions.  This important change has the power to motivate more Iowa business owners to sell their businesses to their employees as a business succession plan. 
Feb. 02
The ESOP Association Congratulates Iowa Governor Reynolds on Economic Security Proposal
Des Moines Iowa, February 2, 2022 – Iowa Governor Kim Reynolds today visited Library Binding Services (LBS Inc.), a 100% Employee Owned business, to promote a plan that would eliminate state taxes for retirement plans, including ESOPs, and would encourage more Iowa business owners to sell their businesses to their employees as a retirement succession plan.
Nov. 12
TEA, EOF Announce Record-Breaking Fundraising Month During First Annual ESOPATHON
ESOP Association, Employee Ownership Foundation Announce Record-Breaking Fundraising Month During First Annual ESOPATHON
New Tradition Begins as October’s ESOPATHON Initiative Raises Critical Resources to Further the Cause of Employee Ownership