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.”
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 ...
SG&F sends a hearty congratulations our client, Hannibal Industries, whose strategic and impressive recovery was featured in a recent LA Times article.
Hannibal Industries, a large scale, California-based manufacturing company, became an employee owned company via ESOP in 2008. Then the Recession hit, slashing Hannibal’s revenue in half, and causing a 50% reduction in its workforce. Since then, the company successfully fought for survival, reinventing itself with efficiency, innovation and creative repurposing. It is now on target to exceed its pre-2008 revenues ...
SES Advisors is proud to congratulate three of our long time clients who have been awarded The ESOP Association's 2014 Silver ESOP Award.
SECHAN Electronics, Inc.
Tunnell Consulting, Inc.,
King of Prussia, PA
We are proud of these three clients, but also all of the award winners who have shown a strong commitment to Employee Ownership.
As ESOP Association President, J. Michael Keeling recently said: “Research proves that employee owned companies provide more sustainable employment and preserve locally-controlled jobs in today’s global economy.” ...
NORTH HAVERHILL, NH—February 19, 2014—Upper Valley Press announced that it has become 100 percent employee owned through an Employee Stock Ownership Plan.The company was founded in 1975 by Chip and Carol Harris and employs 95 employees. Upper Valley Press prints daily and weekly newspapers, as well as advertising circulars. Dennis DeVaux, senior vice president, Phil Hayward, president, and Chip Harris were the selling stockholders. All three executives will remain with the company.“It is important to us as stockholders to preserve local ...
Tina Fisher returns to SES' Plan Services Group
We are excited to welcome Tina back to the SES Advisors Plan Services Group. Tina will serve as vice president in the firm’s Ohio office, providing consulting and technical support to clients and internal staff on retirement plan design, compliance and administrative issues for ESOPs.Tina brings more than 21 years of experience working with qualified retirement plans, including 17 years focusing on clients with Employee Stock Ownership Plans (ESOPs).
Contact Tina Fisher: