Employee stock ownership plan

Menke Celebrates 45 years of Employee Ownership, to Present at the 2019 Employee Owned Conference in Las Vegas

Retrieved on: 
Monday, November 11, 2019
Employee Retirement Income Security Act, ESOP, Employee stock ownership, Employee stock ownership plan

45 years later, our mission remains the same: to make employee ownership available to the largest number of employees.

Key Points: 
  • 45 years later, our mission remains the same: to make employee ownership available to the largest number of employees.
  • This session will review the statutory diversification requirements and the practical implementation of those provisions, and will walk through example diversification calculations.
  • As an attorney, Victor specializes in the design and installation of ESOPs, as well as the structuring of ESOP transactions.
  • John Menke, President of Menke, co-authored the ESOP legislation under ERISA, which codified them into law.

ESOP Partners Becomes an ESOP Company

Retrieved on: 
Tuesday, October 29, 2019
Employee stock ownership plan, ESOP, Draft:The ESOP Association, Draft:John Hoffmire

Committing to the new building and becoming an ESOP company are two ways that ESOP Partners is demonstrating a long-term commitment to the ESOP community.

Key Points: 
  • Committing to the new building and becoming an ESOP company are two ways that ESOP Partners is demonstrating a long-term commitment to the ESOP community.
  • As an ESOP company, ESOP Partners changes lives by creating wealth and sustainable employment through employee ownership and works with business owners and companies to determine if an ESOP is a good fit for their situation.
  • ESOP Partners establishes, maintains, and sustains employee stock ownership plans (ESOPs) throughout the lifecycle of the company to maximize the benefits of being an ESOP company and provide employees with an ownership stake in the company that they work for.
  • If you would like more information about ESOP Partners LLC or Employee Ownership and Employee Stock Ownership Plans, please contact ESOP Partners at 920.659.6000 and visit https://www.ESOPPartners.com .

Business Owners View 401(k)s as Advantageous, Yet Struggle to Communicate Benefits to Employees

Retrieved on: 
Monday, October 28, 2019
Retirement plans in the United States, 401, Taxation in the United States, Employee benefits, Economy of the United States, Tax, Employee stock ownership plan, Economy

Yet, despite business owners seeing the advantages of 401(k)s, a gap exists in understanding how to effectively communicate 401(k) benefits to employees, according to a new survey from Nationwide.

Key Points: 
  • Yet, despite business owners seeing the advantages of 401(k)s, a gap exists in understanding how to effectively communicate 401(k) benefits to employees, according to a new survey from Nationwide.
  • The survey data also found that although nearly nine in 10 business owners report their retirement plan provider offers tools and resources to them to help encourage employees to participate, over half of business owners (53 percent) still struggle with communicating the benefits and encouraging participation among their employees.
  • This number increases to 60 percent when looking at female business owners and 65 percent for younger business owners (aged 18-34 years old).
  • What's more, 68 percent of business owners acknowledge it's their role/responsibility to encourage employees to participate in a 401(k) offering.

StoneAge CEO Kerry Siggins Appointed to Colorado Employee Ownership Commission by Gov. Polis

Retrieved on: 
Wednesday, October 16, 2019
Consulting, Manufacturing, Professional services, Other Communications, State, Local, Small business, Marketing, Other Government, Communications, Other Manufacturing, Public policy, Government, Employee stock ownership plan, ESOP, Employee stock ownership, Employment

Kerry Siggins, CEO of Colorado-based StoneAge, Inc. , the leading manufacturer of high-pressure waterblast tools and automated equipment for industrial companies and contractors worldwide, was appointed by Governor Polis to the Colorado Employee Ownership Commission where she chairs the marketing arm of the States Employee Ownership (EO) efforts.

Key Points: 
  • Kerry Siggins, CEO of Colorado-based StoneAge, Inc. , the leading manufacturer of high-pressure waterblast tools and automated equipment for industrial companies and contractors worldwide, was appointed by Governor Polis to the Colorado Employee Ownership Commission where she chairs the marketing arm of the States Employee Ownership (EO) efforts.
  • Kerry Siggins and StoneAge Tools is a shining example of the wealth generation and growth that employee ownership delivers.
  • The Employee Ownership Network, which is housed in the Colorado Office of Economic Development and International Trade, brings together subject matter experts such as employee-owned businesses, attorneys and economic development experts to promote employee ownership in Colorado.
  • Under Siggins leadership, StoneAge became an Employee Stock Ownership Plan (ESOP) company in 2015 and she inspires her employees daily by cultivating a strong culture of ownership and engagement.

ButcherJoseph Advises AMPAM Parks Mechanical Inc. on Employee Buyout

Retrieved on: 
Wednesday, September 25, 2019
Employee stock ownership plan

St. Louis, Sept. 25, 2019 (GLOBE NEWSWIRE) -- - ButcherJoseph & Co. (ButcherJoseph) served as exclusive financial advisor to AMPAM Parks Mechanical Inc. (AMPAM or the Company) on its sale to the AMPAM Employee Stock Ownership Plan (ESOP).

Key Points: 
  • St. Louis, Sept. 25, 2019 (GLOBE NEWSWIRE) -- - ButcherJoseph & Co. (ButcherJoseph) served as exclusive financial advisor to AMPAM Parks Mechanical Inc. (AMPAM or the Company) on its sale to the AMPAM Employee Stock Ownership Plan (ESOP).
  • ButcherJoseph Managing Partner, Joseph Strycharz shared, It's been apleasure to work with Buddy and the entire management team in helping transition ownershipto the AMPAM employees.
  • AMPAM Parks Mechanical is Californias #1 leading design-build plumbing subcontractor, specializing in high-density residential plumbing systems for major construction projects.
  • Learn more at www.butcherjoseph.com
    CONTACT FOR AMPAM: James Wright Vice President and Chief Financial Officer AMPAM Parks Mechanical Email: [email protected] www.ampam.com CONTACT FOR BUTCHERJOSEPH & CO.: Linda Thurman Director of Marketing ButcherJoseph & Co. 101 S. Hanley Rd., Suite 1450 St. Louis, MO 63105 PH: 314-549-4045 Email: [email protected] www.butcherjoseph.com

ESOP Partners Holds Open House Event

Retrieved on: 
Tuesday, September 24, 2019
Employee stock ownership plan, ESOP

APPLETON, Wis., Sept. 24, 2019 /PRNewswire-PRWeb/ -- ESOP Partners LLC celebrated yet another milestone in its growth by moving into a new corporate headquarters this spring.

Key Points: 
  • APPLETON, Wis., Sept. 24, 2019 /PRNewswire-PRWeb/ -- ESOP Partners LLC celebrated yet another milestone in its growth by moving into a new corporate headquarters this spring.
  • The open house will include tours of the new facility, including the Employee Ownership Training Center, a slideshow, networking with local professionals and an overview of Employee Ownership and how it changes lives and impacts the community.
  • ESOP Partners changes lives by creating wealth and sustainable employment through employee ownership and works with business owners and companies to determine if an ESOP is a good fit for their situation.
  • If you would like more information about ESOP Partners LLC or Employee Ownership and Employee Stock Ownership Plans, please contact ESOP Partners at 920.659.6000 and visit https://www.ESOPPartners.com .

Paul Houska Joins Holborn Corporation as Senior Vice President

Retrieved on: 
Tuesday, September 17, 2019
Reinsurance companies, Finance, Economy, Service industries, Berkshire Hathaway, Gen Re, Employee stock ownership plan, Insurance, Holborn District

NEW YORK, Sept. 17, 2019 /PRNewswire/ -- Holborn Corporation (Holborn), a U.S.-based independent reinsurance broker, announced today that Paul Houska has joined the company as Senior Vice President in its Kansas City branch office, effective immediately.

Key Points: 
  • NEW YORK, Sept. 17, 2019 /PRNewswire/ -- Holborn Corporation (Holborn), a U.S.-based independent reinsurance broker, announced today that Paul Houska has joined the company as Senior Vice President in its Kansas City branch office, effective immediately.
  • Mr. Houska joins Holborn from General Reinsurance Corporation (Gen Re), where he has held a number of marketing, underwriting and management roles since 1987.
  • Holborn Corporation (Holborn) is a privately held independent reinsurance brokerage firm established in 1920.
  • Through the adoption of an Employee Stock Ownership Plan (ESOP) in 1998, Holborn became exclusively owned by its employees.For additional information, please visit www.holborn.com .

Menke Client KJT Group Announces Transition to 100% Employee-Owned

Retrieved on: 
Thursday, September 12, 2019
KJT, Employee stock ownership plan, Employee stock ownership

KJT turned to The Menke Group, the nation's largest advisor specializing in Employee Stock Ownership Plans to help execute the transaction.

Key Points: 
  • KJT turned to The Menke Group, the nation's largest advisor specializing in Employee Stock Ownership Plans to help execute the transaction.
  • "As a global professional services firm, our hard-working, dedicated employees are the lifeblood of KJT Group.
  • About The Menke Group: The Menke Group ( http://www.menke.com ) has helped over 3,500 companies use employee stock ownership plans as part of their ownership structure.
  • About KJT Group: KJT Group ( http://www.kjtgroup.com ) is an evidence-based consulting firm.

KJT Group Announces Transition to 100% ESOP

Retrieved on: 
Thursday, September 5, 2019
Employee stock ownership plan, KJT, ESOP

This announcement of the sale to the Employee Stock Ownership Plan & Trust (ESOP) was made to KJT Group employees at a special meeting held at the company's headquarters in Honeoye Falls, NY.

Key Points: 
  • This announcement of the sale to the Employee Stock Ownership Plan & Trust (ESOP) was made to KJT Group employees at a special meeting held at the company's headquarters in Honeoye Falls, NY.
  • As a 100% ESOP owned company, all of KJT Group stock is now held in trust by the ESOP exclusively for the benefit of KJT Group employees.
  • About KJT Group: KJT Group ( http://www.kjtgroup.com ) is an evidence-based consulting firm.
  • KJT Group is a member of Intellus Worldwide, the European Pharmaceutical Marketing Research Association (EphMRA), and the British Healthcare Business Intelligence Association (BHBIA).

Verit Advisors® John Solimine to Speak at Midwest ESOP Conference

Retrieved on: 
Thursday, September 5, 2019
Saul Ewing Arnstein & Lehr, Employee stock ownership plan, Arnstein & Lehr, Debt

Chicago, IL, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Verit Advisors announces that John Solimine, will participate as a panelist at the Midwest ESOP (Employee Stock Ownership Plan) Conference September 11-13, 2019 in Minneapolis, Minnesota.

Key Points: 
  • Chicago, IL, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Verit Advisors announces that John Solimine, will participate as a panelist at the Midwest ESOP (Employee Stock Ownership Plan) Conference September 11-13, 2019 in Minneapolis, Minnesota.
  • Mr. Solimine is speaking with Andy Daly of Saul Ewing Arnstein & Lehr, LLP, in a session titled A Hat for Every Occasion on Thursday, September 12, 2019.
  • John Solimine , Founding Member and Managing Director at Verit, has over 20 years of experience in investment banking and debt capital markets.
  • Additionally, Verit advises on corporate finance, M&A, debt capital markets, board advisory services, transaction opinions and valuation services.