SES Advisors congratulates Your Building Centers (YBC) and its employee owners on being recognized as the 2013 Entrepreneur of the Year by LBM Journal.
YBC is a 100% ESOP-owned Pennsylvania Company with 14 convenient locations, serving professional contractors and do-it-yourselfers with all of their building material needs. They are the largest employee owned lumber and building material supplier in Pennsylvania.
LBM Journal's Entrepreneur of the Year award isn't necessarily a new business. According to the Journal, "it describes a company that excels at identifying underserved - or ...
n May 17, 2013, Congressmen Brett S. Guthrie (R-KY), David Loebsack (D-IA), and Congresswoman Lynn Jenkins (R-KS) introduced H.R. 2041, a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear appraisers of employee stock ownership plans (ESOPs) are not ERISA fiduciaries.
H.R. 2041 is the companion bill to S. 273 introduced by Senator Kelly Ayotte in February 2013. This bill is a response to the Department of Labor
SG&F, SES Advisors' sister law firm, is an annual Bronze sponsor of the New England chapter of The ESOP Association.
On March 29, the chapter presents a one day conference focusing on Human Resources topics for ESOP companies. SG&F, will facilitate one of the luncheon roundtable discussions.
For more information and to regsiter for the event, please visit the New England chapter web page.
Date: April 8-9, 2013Location: Woodcliff Hotel & Spa, Fairport, NY
The NJ/NY chapter of The ESOP Association is pleased to present its first CEO / CFO / HR Roundtable Event on April 8 (reception and dinner) and April 9. This conference offers a unique peer-to-peer networking and benchmarking experience for ESOP company executives. The Lieutenant Governor of the State of New York, Robert (Bob) J. Duffy, is scheduled to present the keynote address at the dinner on April 8.
As a Silver sponsor of ...
Date: April 3, 2013Location: Wyndham Garden Exton Valley Forge, Exton, PA
Please join SES Advisors for the annual spring ESOP seminar presented by the PA/DE chapter of The ESOP Association. This affordable, one-day conference will feature a legal and regulatory update, sessions on "pay or play" for ESOP companies and ESOP sustainability, and a Q&A profile of two successful local ESOP companies.
Brian Wurpts will present Sustainability Issues & Solutions for Mature ESOPs at 10:15 a.m.
For more information and to register, visit The ESOP ...
Date: March 27, 2013Location: Ramada Lansing Hotel and Conference Center, Lansing, MI
Please join SES Advisors' President of Plan Services, Doug Cannon, at The ESOP Association's Michigan chapter conference on March 27, 2013. The theme of this year's conference is Building Your Nest Egg Through ESOPs. We are pleased to support the Michigan chapter as a Break sponsor.
For more information about this and other upcoming conferences, please visit The ESOP Association website.
SES Advisors is pleased to announce the opening of our newest office in Tampa, Florida. Brian Wurpts, Vice President of ESOP Consulting, will continue to provide consulting services from this new location, including repurchase obligation studies, plan funding and design strategies, compliance issue resolution, development and/or modification of distribution policies, and other mature ESOP company needs.
Karen Hurley, Senior ESOP Administrator, has also moved to the Tampa office, and will be joined by her colleague, Kelly Irizarry, next month.
Brian can be reached at ...
In a joint project with the Employee Ownership Foundation, the NCEO found that employee ownership averts a substantial amount of unemployment and saves the government over $37 billion. Data from the 2010 General Social Survey shows that in 2010, for instance, 12.1% of all working adults in the private sector report having been laid off in the last year, compared to just 2.6% of those respondents who says they own stock in their company through some kind of company-sponsored employee ownership ...
Philadelphia, Pa. and Valparaiso, In. - February 4, 2013 - Please join us in congratulating several of our SES staff on their recent promotions.
Doug Cannon was promoted from Senior Vice President to President, Plan Services Division. Doug joined SES in 2010 with over 16 years of experience working with defined contribution plans and 10 years of experience with ESOP administration and compliance. Doug is responsible for overseeing the plan services group and ESOP consulting practice, and works to ensure the highest ...