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The Employee Ownership Update

Loren Rodgers

May 1, 2013

(Loren Rodgers)

New Study on the Impact of S Corporation ESOPs

In his April 17, 2013, study, Macroeconomic Impact of S ESOPs on the U.S. Economy, economist Alex Brill concludes that S corporation ESOPs lead to "greater firm longevity and higher wages, wage growth, job stability, retirement plan contributions, employment, and sales than would otherwise have been anticipated." The study attempts to quantify the impact of S corporation ESOPs and finds their impact to be:

Mobile App for Global Equity

Baker & McKenzie, in partnership with the National Association of Stock Plan Professionals and the Global Equity Organization, have developed an app for Apple and Android devices to answer questions about different types of equity compensation in countries around the world. The Global Equity Matrix is designed for stock plan administrators, tax and HR managers, and legal professionals. You can find it in your smart phone's application store by searching for the Global Equity Matrix.

S Corporation ESOP Legislation in the Senate

In April, Senators Ben Cardin (D-MD) and Pat Roberts (R-KS) introduced the Promotion and Expansion of Private Employee Ownership Act (S. 742). Several other members of the Senate Finance Committee from both parties are also sponsoring the bill. Among other things, the bill would extend to selling shareholders in S corporations the deferral of capital gains tax for certain sales to an ESOP.

The Plan Sponsor Council of America Opens Survey on DC Plans

The PSCA 56th annual survey on employer-sponsored defined contribution (DC) plans closes on May 3. The survey focuses heavily on investment options and participation rates. People who complete the survey questionnaire receive a free copy of the results. Information about the survey is available online from PSCA.

NCEO/Beyster Institute Conference Sets New Record

The 2013 Employee Ownership Conference took place in Seattle last week, and a record-breaking 1,058 people participated. With almost 90 breakout sessions, a thought-provoking keynote presentation by Kim Jordan of New Belgium Brewing and Irene Firmat of Full Sail Brewing, the 20th anniversary re-release of Jack Stack's book The Great Game of Business, and screening of two films (We the Owners and ShiftChange), conference attendees left Seattle with new ideas, up-to-the-minute information, and plans for next steps at their companies. Mark your calendars now for the 2014 conference: April 8 to 10 in Atlanta, with preconference sessions on April 7.

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