Employee stock ownership plan

Zander Donates Over $300,000 in 2019

Retrieved on: 
Wednesday, March 18, 2020
Employee stock ownership plan, Zander

Additionally, Zander employees contributed more than 740 hours of volunteer time to non-profit organizations in 2019.

Key Points: 
  • Additionally, Zander employees contributed more than 740 hours of volunteer time to non-profit organizations in 2019.
  • "At Zander, we strive to cultivate a community of servicewhether that's through serving our community, our employees, or our clients," said Jeff Zander, CEO of Zander Insurance.
  • Zander holds an annual team-building week tailored to each department that encourages communication and the importance of teamwork.
  • As part of an Employee Stock Ownership Plan (ESOP), 49% of the company is owned by employees through Zander Group Holdings.

E*TRADE Announces an Alliance With Empower Retirement to Deliver an Integrated Stock Plan and Retirement Benefits Experience

Retrieved on: 
Tuesday, February 25, 2020
Banking, Professional services, Finance, Economy, Finance, Money, Retirement plans in the United States, Individual Retirement Accounts, Financial markets, Pension, Personal finance, Social law, E-Trade, 401, Employee stock ownership plan, Empower Retirement, E*TRADE Financial and Important Notices

E*TRADE Financial Corporate Services, Inc. today announced a strategic relationship with Empower Retirement, a retirement plan services provider, to give participants a more holistic view of their retirement savings and stock plan account.

Key Points: 
  • E*TRADE Financial Corporate Services, Inc. today announced a strategic relationship with Empower Retirement, a retirement plan services provider, to give participants a more holistic view of their retirement savings and stock plan account.
  • Through a single log-on experience, E*TRADE Corporate Services stock plan participants who have an Empower 401(k) will be able to view their stock plan equity and retirement account balances side by side.
  • Participants will also benefit by having seamless access to both customer service teams for help with their respective retirement and stock plan benefits.
  • In connection with stock plan solutions offered by E*TRADE Financial Corporate Services, Inc., E*TRADE Securities LLC provides brokerage services to stock plan participants.

ESOP Association Statement Regarding Employee Ownership in Democratic Debate

Retrieved on: 
Thursday, February 20, 2020
Cooperatives, Employee stock ownership, ESOP, Employee stock ownership plan

WASHINGTON, Feb. 20, 2020 /PRNewswire/ --The ESOP Association is pleased that employee ownership arose in the Democratic party Presidential debate last night and that multiple candidates were able to vocalize their support.

Key Points: 
  • WASHINGTON, Feb. 20, 2020 /PRNewswire/ --The ESOP Association is pleased that employee ownership arose in the Democratic party Presidential debate last night and that multiple candidates were able to vocalize their support.
  • We believe more Americans need to know about and participate in employee ownershipespecially ESOPs, which are the largest and most common form of employee ownershipand would encourage greater discussion about this important form of business ownership in America.
  • While reasonable people can disagree on the best tactics used to grow employee ownership, it is entirely refreshing to observe that those in the Presidential fieldDemocrat, Republican, and Independentseem to be in agreement that growing employee ownership is important for our economy.
  • ESOP companies are more likely to withstand tough economic conditionslike recessionsand are 6.2 times less likely to lay off employees.

SCS Engineers Becomes 100% ESOP Owned

Retrieved on: 
Monday, February 17, 2020
Employee stock ownership plan, ESOP, Globe Telecom, SCS, Companies, Telecommunications companies, Telecommunications

Long Beach, CA, Feb. 17, 2020 (GLOBE NEWSWIRE) -- SCS Engineers, a leading national environmental consulting and construction firm, recently achieved a significant milestone when it completed a transaction to become 100% employee-owned through its employee stock ownership plan (ESOP).

Key Points: 
  • Long Beach, CA, Feb. 17, 2020 (GLOBE NEWSWIRE) -- SCS Engineers, a leading national environmental consulting and construction firm, recently achieved a significant milestone when it completed a transaction to become 100% employee-owned through its employee stock ownership plan (ESOP).
  • SCS Engineers established its ESOP in 1986, and recently purchased a small number of outstanding shares from minority shareholders, achieving 100% ownership through the ESOP trust.
  • Our founders could not have imagined that when they launched SCS Engineers in 1970 that we would grow to one of the nations most respected environmental engineering consultants with a footprint of more than 70 offices and nearly 1,000 employees across the United States, said Jim Walsh, PE, BCEE, President and CEO of SCS Engineers.
  • This transaction delivers the flexibility to pursue sustainable growth for SCS Engineers and the opportunity to spread the wealth among our employee-owners, he said.

U.S. House Small Business Committee Holds Hearing on ESOPs

Retrieved on: 
Wednesday, February 12, 2020
Cooperatives, Employee stock ownership, Employee stock ownership plan

WASHINGTON, Feb. 12, 2020 /PRNewswire/ --During a Congressional Hearing held today by the U.S. House Small Business Committee, ESOP Association member Daniel Goldstein, President and CEO of Cedar Rapids based Folience, gave testimony and answered questions regarding the Challenges and Benefits of Employee-owned Small Businesses .

Key Points: 
  • WASHINGTON, Feb. 12, 2020 /PRNewswire/ --During a Congressional Hearing held today by the U.S. House Small Business Committee, ESOP Association member Daniel Goldstein, President and CEO of Cedar Rapids based Folience, gave testimony and answered questions regarding the Challenges and Benefits of Employee-owned Small Businesses .
  • "Average employees pay the price when business owners turn away from forming ESOPs because DOL hasn't done its job.
  • "Yet, these retiring business owners fear a mis-step that could come back to haunt them years later in the form of a DOL inquiry.
  • To that end, Goldstein specifically asked the Small Business Committee and others in Congress to:
    Task the Department of Labor with issuing regulations on adequate consideration and other issues vital to forming and growing ESOPs.

Dominic DeMatties Joins Thompson Hine’s Washington Office

Retrieved on: 
Tuesday, February 11, 2020
Professional services, Other Consumer, Consumer, Legal, Human resources, Finance, Employee stock ownership plan, Employee benefits, Employee stock ownership

Thompson Hine LLP is pleased to announce that Dominic DeMatties has joined the firms Employee Benefits & Executive Compensation (EBEC) practice, based in Washington D.C. His addition further strengthens the firms well-respected EBEC and Employee Stock Ownership Plan (ESOP) practices.

Key Points: 
  • Thompson Hine LLP is pleased to announce that Dominic DeMatties has joined the firms Employee Benefits & Executive Compensation (EBEC) practice, based in Washington D.C. His addition further strengthens the firms well-respected EBEC and Employee Stock Ownership Plan (ESOP) practices.
  • Dominic was at the center of significant rulemaking and policy discussions related to retirement plans, employee stock ownership plans and executive compensation at the U.S. Department of the Treasurys Office of the Benefits Tax Counsel, said Washington D.C.
  • As an attorney-advisor in the U.S. Treasurys Office of the Benefits Tax Counsel, Dominic helped develop and implement retirement plan policy and guidance.
  • This announcement falls on the heels of the recent high-profile additions to the Washington office who also have significant government experience.

Through an exciting and culture enhancing transaction Andesa Services, Inc is pleased to announce their 165 employees now own 100 percent of the company

Retrieved on: 
Wednesday, January 8, 2020
Economy, Finance, Money, ESOP, Annuity, Insurance, Employee stock ownership plan

An ESOP is an employee benefit plan which provides company stock to employees as part of their retirement benefit.

Key Points: 
  • An ESOP is an employee benefit plan which provides company stock to employees as part of their retirement benefit.
  • John Walker, Andesa's Founder and Board Member shared a video message with the new employee-owners upon completion of the ESOP transaction.
  • We have strived to build a great culture and our employees have been the critical factor in that long-term success.
  • Andesa partners with numerous insurance companies, including 6 of the top 13 life and annuity carriers, along with several top producers.

DuCharme, McMillen & Associates, Inc. Celebrates 25 Years of Employee Ownership

Retrieved on: 
Tuesday, December 3, 2019
Employee stock ownership plan, Employee stock ownership, ESOP

Established in 1972 as a privately owned company, DMA became an employee-owned company in December of 1994 when employees purchased the company from its founders using an Employee Stock Ownership Plan (ESOP).

Key Points: 
  • Established in 1972 as a privately owned company, DMA became an employee-owned company in December of 1994 when employees purchased the company from its founders using an Employee Stock Ownership Plan (ESOP).
  • Through the ESOP, DMA's employee-owners have an ownership interest in the company, the value of which is directly tied to their efforts and the company's share price performance.
  • Since its inception, the ESOP's value has increased dramatically, including double-digit growth over each of the past four years.
  • DMA, a proudly employee-owned company, has been partnering with many of North America's largest companies since 1972 to solve their corporate tax challenges.

Commercial Financial Consulting, LLC announces they pioneered an SBA backed Employee Stock Ownership Plan (ESOP) agreement which closed in October 2019 for $5,650,000.

Retrieved on: 
Thursday, November 21, 2019
Banking, Professional services, Finance, Employee stock ownership plan, Stock market, Corporate finance, Equity securities, ESOP, Stock

Commercial Financial Consulting, LLC pioneered an SBA backed Employee Stock Ownership Plan (ESOP) agreement which closed in October 2019 with General Auto Recycling, Inc. which was founded in 1979.

Key Points: 
  • Commercial Financial Consulting, LLC pioneered an SBA backed Employee Stock Ownership Plan (ESOP) agreement which closed in October 2019 with General Auto Recycling, Inc. which was founded in 1979.
  • This landmark transaction was unique with no personal guarantee required, no loss of key personnel, and no quarrel over price.
  • View the full release here: https://www.businesswire.com/news/home/20191121005765/en/
    The company has approximately 35 employees, some with over 30 years of service.
  • Our highly experienced team has an extensive knowledge in the finance world that can accommodate almost any reasonable financing situation.

ButcherJoseph & Co. Advises Neighborhood LTC Pharmacy on Sale to Employees

Retrieved on: 
Tuesday, November 19, 2019
Employee stock ownership plan, Marissa

St. Louis, Nov. 19, 2019 (GLOBE NEWSWIRE) -- ButcherJoseph & Co. (ButcherJoseph) served as exclusive financial advisor to Neighborhood LTC Pharmacy, Inc. (Neighborhood or the Company) on its sale to the Neighborhood LTC Pharmacy, Inc.Employee Stock Ownership Plan(ESOP).

Key Points: 
  • St. Louis, Nov. 19, 2019 (GLOBE NEWSWIRE) -- ButcherJoseph & Co. (ButcherJoseph) served as exclusive financial advisor to Neighborhood LTC Pharmacy, Inc. (Neighborhood or the Company) on its sale to the Neighborhood LTC Pharmacy, Inc.Employee Stock Ownership Plan(ESOP).
  • A leveraged ESOP sale provided both liquidity to the seller and an opportunity for employees to participate in the future growth of the Company."
  • Neighborhood LTC Pharmacy is a leading technology-enabled institutional pharmacy based in the Midwest.
  • CONTACT FOR NEIGHBORHOOD: Marissa McMahon Vice President of Assisted Living Services Neighborhood LTC Pharmacy PH: 402-488-1184 Email:[email protected] www.neighborhoodrx.com CONTACT FOR BUTCHERJOSEPH & CO.: Linda Thurman Director of Marketing ButcherJoseph & Co. 6 Cardinal Way, Suite 801 St. Louis, MO 63102 PH: 314-549-4045 Email:[email protected] www.butcherjoseph.com