New Roles in Congress for ESOP Supporters

In the 113th Congress, long-time ESOP supporters such as John Boehner (R-OH), Eric Cantor (R-VA), and Debbie Stabenow (D-MI) retain their leadership roles, and several pro-ESOP legislators are taking new roles.

New Ruling Could Change Definition of Fiduciaries

A new Supreme Court ruling (Varity v. Howard, 3/19/96) could have a significant effect on all employee benefit plans. The case, which did not involve an ESOP, involved plans by the Varity Corporation to spin off some of its businesses.

New Rutgers Program Focuses on Retiring Business Owners of Color

The Rutgers School of Labor and Management has just introduced a free online program that guides business owners through the process of selling their businesses to their employees through an employee stock ownership plan (ESOP) or worker cooperative.

New Site for Nonqualified Deferred Compensation Plans

Many companies with qualified retirement plans, including ESOPs, have nonqualified retirement plans for certain employees as well, usually because the contribution limits for qualified plans may exclude some of their compensation.

New Sites Offer New Way to Raise Equity

Upstart and Pave, two new crowdfuding sites, are offering a new way for companies to raise equity. Instead of seeking investors to get a conventional share stake, the sites provide that investors will get a stated percentage of profits each month for some number of years.

New Staff Position Opening at NCEO

We are very pleased to announce that the NCEO will be growing by adding a new staff position sometime this spring. We are looking for someone who can do research, writing, and project management. Good presentation skills would be a plus.