King Arthur Flour, an employee-owned company headquartered in Norwich, Vermont, was named the 2016 ESOP (Employee Stock Ownership Plan) Company of the Year by The ESOP Association. The award was presented at the Association's 39th Annual Conference in Washington, DC on May 18, and accepted by several employee-owners on King Arthur Flour's Ownership Culture Team.
The award recognizes a company that shows a strong commitment to employee ownership–which includes promoting employee participation, wealth creation, and individual dignity and worth.
Read the entire ...
Steiker, Greenapple & Fusco P.C., will be offering their expertise in employee stock ownership plans (ESOP) on June 2nd at the Vermont Employee Ownership Center Conference and on June 7th at The ESOP Association's 2016 Super Regional Board of Directors & Trustee Conference for the PA/DE, NY/NJ and New England Chapters.
On June 2nd, SG&F will be speaking at the 2016 Vermont Employee Ownership Conference at Champlain College in Burlington, Vermont. With cospeakers David Stiller from Heritage Aviation and John Brady of ...
A growing number of employers are devising an innovative remedy for wage stagnation and income inequality: turning their workers into owners.
Last month, top Greek yogurt maker Chobani cast a national spotlight on the trend by announcing that the company’s 2,000 full-time employees will receive shares worth up to 10% of the company’s value when it goes public or is sold.
Yet the two most prominent ways to give workers significant stakes — employee stock ownership plans (ESOPs) and worker cooperatives — go ...
Koops, Inc., a systems integrator company offering custom automation solutions, has received the distinction of being named ESOP Company of the Year by The ESOP Association of Michigan.
Winning the ESOP Company of the Year award is an honor based on a few specific criteria. Most importantly, the winning company must demonstrate a commitment to encouraging a sense of employee ownership, as shown by the company's involvement with The ESOP Association, the way the company communicates with employees and the way it ...
Nina Hale is a grateful capitalist.
A veteran marketer for years at other companies, Hale, 49, launched her eponymous digital-marketing agency, Nina Hale Inc., in 2005.
She invested $2,700 in a computer, phone and a month’s rent for a small office in the Lyndale-Lake neighborhood of south Minneapolis.
This year, the downtown agency of 60 employees expects profitable revenue of $9 million-plus.
In early 2014, Hale projected the firm would grow revenue by 8 percent annually over four years. It grew 30 percent in each ...
News & Events
Mark Your Calendars: Upcoming Learning Opportunities
Author: Beth Chambers
Speakers from SES Advisors and our sister law firm, Steiker, Greenapple & Fusco, will be at a number of upcoming events. For more information, follow the links below or contact us.
November 12–13, 2015 — Several of our advisors will be presenting at The ESOP Association’s 2015 ESOP Conference and Trade Show in Las Vegas:
Jim Steiker will discuss “Duties and Responsibilities of Trustees.”
Tina Fisher will discuss “Diversification and Current Trends, Including Mandatory Diversification.”
I’m often asked why a business owner would choose an ESOP over other succession planning alternatives.
Considering most business owners have spent the greater part of their life building their company, it’s a once in a lifetime decision that requires careful consideration of the available alternatives. After all, you will only exit your business once.
The following is a brief discussion of the advantages of an ESOP versus the two most common succession planning alternatives:
Independent Third Party Transfer (selling the company to a ...
SES Advisors would like to congratulate all of the ESOPs who were nominated for an AACE 2015 award.
We would especially like to send our warmest congratulations to our client Fabric Services who were runner up in the category "Special Events & Promotions – One Outstanding Event, 250 or Fewer Employees"
From The ESOP Association Website:
The Annual Awards for Communications Excellence (AACE) are sponsored by The ESOP Association to recognize the outstanding communications programs of its members. AACE winners are chosen by a ...
“WASHINGTON, D.C. (March 31, 2015) – New data compiled by EY's Quantitative Economics and Statistics (QUEST) practice, shows that private employee stock ownership retirement plans (S corporation ESOPs) outperformed the S&P 500 Total Returns Index in terms of total return per participant by an impressively large margin (62%), net assets increased over 300%, and distributions to participants totaled nearly $30 billion from 2002 to 2012.”
The interesting question is: why?
One might expect a natural advantage from the tax benefits of the structure, ...
We like to think that shareholder/entrepreneurs are really investors in their companies. While that is true by itself, it isn’t the whole story.
When I talk to a shareholder/entrepreneur, I’m not only talking to an investor. I’m usually talking also to a key executive, board member (sometimes the sole board member), who has important relationships with his management team and employees, including family members in the business, as well as the community and the industry.
The liquidity/succession decision rarely gets made purely as ...