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:
Date: February 25, 2014Location: Chaparral Suites, 5001 North Scottsdale Road, Scottsdale, AZSES Advisors is pleased to sponsor and present at NCEO's Feasibility & Best Practices for S Corporation ESOPs seminar to be held February 25, 2014 in Scottsdale, AZ. This one-day meeting brings together leading experts from around the country to provide a practical, step- by- step guide to determine if an ESOP will work for you, and if it does, how to set up a plan that will work.Paul Fusco will present ESOP Transaction Structures at 9:30 a.m. ...
According to the NCEO Employee Ownership Update, the Governor of Iowa, Terry Branstad (R) announced on November 12 that a public-private partnership would host a series of five meetings around the state in November and December, designed to inform business owners about the advantages and incentives supporting ESOPs. In recent years, Iowa has passed a 50% state-level capital gains deduction for qualified ESOP sales and a program to provide state financial support for ESOP feasibility assessment. Gov. Branstad says, "ESOPs are ...
On October 31, 2012 the Internal Revenue Service announced cost of living adjustments applicable to dollar limitations for pension plans for tax year 2014.
According to today's NCEO Employee Ownership Update column, By a vote of 254-166, the House has passed a bill to block both the Securities and Exchange Commission and the Department of Labor from implementing new fiduciary rules for stockbrokers and other investment advisors. The SEC rules are being developed under the Dodd-Frank Act and are designed to ensure that brokers and certain other advisors are acting in their clients' interests, not their own. The DOL rules are not pursuant to any ...