Corey Rosen
The Employee Benefits Security Administration (EBSA) at the US Department of Labor (DOL) announced today that it removed ESOPs from its national enforcement project list. ESOPs had been on that list since 2005 as one of five items on the list, which also included improper handling of various health plan issues, criminal abuse of defined contribution plans, plan investment conflicts, and benefit distribution violations.
Corey Rosen
Denmark has become the third European country to pass legislation to encourage employee ownership through a trust or similar collective arrangement, joining the UK (2014) and Slovenia (2025).
Scott Rodrick
The Employee-Owned S Corporations of America (ESCA) reports that the Organisation for Economic Co-operation and Development (OECD) announced that a “side by side” arrangement will exempt all US companies from a new 15% tax on the global income of large multinational corporations. Senior US Treasury staff members have assured ESCA representatives that the US exemption will cover multinational US ESOP-owned S corporations, which otherwise would be subject to entity-level taxes.
Corey Rosen
The Wall Street Journal reports that OpenAI is paying employees more in stock compensation than any other tech startup in history. Based on data from Equilar, the Journal found that the total stock compensation averages $1.5 million per employee, more than seven times what Google disclosed when it went public in 2004.
Corey Rosen
Grand Rapids, MI, has become the first city to provide purchasing preferences for employee-owned businesses (PDF). Businesses can be employee-owned through an ESOP, an employee ownership trust, or a worker cooperative and must be certified by a recognized third party, such as Certified Employee-Owned or the NCEO.
Corey Rosen
Two new proposals to promote employee ownership have been introduced in Congress, the National Worker Cooperative Development and Support Act and the Empowering Small-Business Ownership Participation (ESOP) Act.
Jaymie Oviedo
Considering an employee stock ownership plan (ESOP) for your company? Join us February 2–3 in Fort Lauderdale for an intensive two-day event designed to help business owners explore whether an ESOP is the right succession planning strategy for their organization.
Jaymie Oviedo
The employee ownership community is about to experience something transformative. This February 2–3 in Fort Lauderdale, the NCEO is launching its first-ever Women's Summit—a groundbreaking event designed specifically for women navigating and leading in the employee ownership space.
Corey Rosen
The UK's Budget 2025 states that the government will introduce legislation in Finance Bill 2025-26 to change the current 100% tax break on the sale of a closely held company to an employee ownership trust (EOT) from a 100% exemption to a 50% exemption.
