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It’s National Small Business Week!

Posted by Paul D. Woodard | May 06, 2019 | 0 Comments

It's National Small Business Week! The U.S. Small Business Administration (SBA) spotlights our nation's 30 million small businesses. Register for the FREE National Small Business Week Virtual Conference hosted online by the SBA on May 7-8 from 8:00 a.m. to 2:30 p.m. PT. You will hear from industr...

ESOPs for California Grocery Stores

Posted by Marc S. Schechter | May 03, 2019 | 0 Comments

Supermarkets and grocery stores are especially well-positioned for employee ownership. Three of the top 5 largest employee-owned companies are grocery stores. Employee stock ownership plans (ESOPs) can benefit privately-owned grocery stores in California, providing incentives for founders, owne...

Employee Ownership Over the Years

Posted by Marc S. Schechter | Apr 15, 2019 | 0 Comments

An article in the Harvard Business Review evaluating the performance of employee stock ownership plans (ESOPs) found that ESOP-owned companies generally have faster growth than non-employee owned companies, in part due to the added value of employee participation, having a stake in the compan...

Senators Introduce ESOP to Expand Employee Ownership

Posted by Marc S. Schechter | Mar 19, 2019 | 0 Comments

Senators introduced a bipartisan bill that would encourage employee stock ownership as a means of retirement savings for workers. U.S. Senators Pat Roberts (R-Kan.) and Ben Cardin (D-Md.) introduced Senate Bill 177 which would, in part, expand the creation of S Corporation ESOPs. Introduced o...

Benefits of an ESOP for Family-Owned Companies

Posted by Marc S. Schechter | Feb 28, 2019 | 0 Comments

Family-owned companies often take pride in the reputation they have built up over the years. However, at some point, the owners may need to step down from the company. The founders may want the next generation to follow in the family business but the majority of family-owned companies only la...

EBSA Enforcement for 2019

Posted by Corey F. Schechter | Feb 04, 2019 | 0 Comments

The Employee Benefits Security Administration (EBSA) enforces ERISA laws and regulations, including conducting civil and criminal investigations. EBSA enforcement of ERISA laws often results in recovering money from enforcement actions, voluntary fiduciary correction programs, abandoned plan ...

Can ESOPs Benefit Disadvantaged Communities?

Posted by Marc S. Schechter | Jan 28, 2019 | 0 Comments

Employee-ownership can benefit company owners and employees. A recent initiative is also exploring employee share ownership as an investment strategy in low-income communities. This includes discussing how employee-ownership could contribute to increased investment in designated Opportunity Z...

End of Year IRS Checklist for Plan Providers

Posted by Corey F. Schechter | Dec 10, 2018 | 0 Comments

Most retirement plans provided by employers have a tax-favored status to provide tax savings to both employers and beneficiaries. However, when a retirement plan does not continue to meet the necessary requirements, the plan can lose tax-favored status and end up costing plan providers. Employer...

Tax Act Changes to 529 Education Savings Plans

Posted by Paul D. Woodard | Oct 22, 2018 | 0 Comments

The costs of going to college have continued to rise over the past decade. One way to help alleviate the high costs of education is to take advantage of tax-advantaged savings plans. One such plan is called a Section 529 education savings plan. An education savings plan allows individuals to op...

October is ESOP Month!

Posted by Marc S. Schechter | Oct 05, 2018 | 0 Comments

October is employee ownership month. As of 2018, the United States had 5,505 Employee Stock Ownership Plan ("ESOPs") with 1.7 million participants.[1] There are 1,164 401(k) ESOPs ("KSOPs") with over 12 million participants.[2] California alone has 804 ESOPs totaling over 1 million participants....

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