Lisa Gibson-Nicholson is a single mom who had worked a couple of different jobs before coming to Once Again Nut Butter.
Read MoreOn the heels of a recent settlement agreement with an institutional employee stock ownership plan (ESOP) trustee, the U.S. Department of Labor (DOL) and individual trustee James F. Joyner III (Joyner) entered into a settlement agreement (the Joyner Agreement) filed on Sept. 29, 2017, in the U.S. District Court for the Western District of Virginia. The Joyner Agreement settles claims against Joyner as a special trustee of the BAT Masonry Company Inc. Employee Stock Ownership Plan and Trust (the BAT ESOP).1 In this case, the DOL alleged that Joyner approved a transaction that caused BAT ESOP participants to overpay for BAT Masonry Company Inc. stock by more than $13 million.2
Read MoreOur tax code is screwed up in a thousand ways and there's scarcely a cohort in America that isn't hurt by this mess.
Read MoreLEE, Mass.--(BUSINESS WIRE)--Today, the shareholders of The Fitzpatrick Companies, Inc. have approved the decision to commence an orderly liquidation of its companies and subsidiaries, which include Country Curtains, Inc., and the Housatonic Curtain Company, Inc. This vote follows a multi-year effort to either improve operations or identify a buyer; when neither proved successful, the Board of Directors recommended in September that the company pursue an orderly closure.
Read MorePariveda Solutions, a leading management consulting firm that specializes in improving clients' performance, was recently named one of Los Angeles' "Best Places to Work" by the Los Angeles Business Journal.
Read MoreCHISHOLM, MN – Founded in 1988, Northern Habilitative Services of Chisholm, Inc. provides disability services throughout the Iron Range. On Sept. 29, 2017, the company announced the formation of an Employee Stock Ownership Plan (ESOP) which will transfer 100 percent ownership of the company for the benefit of current and future employees.
Read MoreGuardian Fleet Services has merged Kauff's Transportation Systems Inc. and Crockett's Towing LLC, converting the merged firm into an employee stock ownership plan company or ESOP.
Read MoreEarlier this year I wrote about an organization called Certified Employee-Owned (Or Certified EO) whose goal was to help raise the profile of employee-owned companies with both consumers and prospective employees.
Read MoreA federal district court judge has granted summary judgement to participant-plaintiffs in a case where plan fiduciaries failed to comply with their diversification elections in an Employee Stock Ownership Plan (ESOP) prior to the company stock collapsing.
Read MoreThe Tax Policy Center's best estimate as of August is that the administration's concepts will on average save middle-class taxpayers $760 per year, compared to saving the upper fifth of taxpayers an average of $13,600 annually — an 18 fold difference! With middle-class real wages mostly flat or declining, there's only one genuinely bipartisan tax-overhaul option for helping average Americans: Making the offering of broad-based profit sharing or employee share ownership a condition for businesses receiving corporate tax incentives.
Read MoreDALLAS, Sept. 12, 2017 /PRNewswire/ -- Pariveda Solutions, a leading management and technology consulting firm that specializes in boosting clients' performance through innovative technology solutions and strategic consulting has been named by Consulting Magazine as one of the 2017 "Best Firms to Work For". As one of only fifteen firms appearing on the list, this marks the second consecutive year that Pariveda has been chosen to receive this recognition. This year Pariveda cut their ranking in half from last year coming in at #5.
Read MoreThe leaders of Westbrook, ME based Ethos have sold 100% of their company to a newly-formed Employee Stock Ownership Plan. Ethos, a multi-platform branding and digital agency with 55 employees, announced today that it has established an Employee Stock Ownership Plan, joining a growing number of companies in Maine and nationally choosing the ESOP model for future growth.
Read MoreNEW YORK, NY – The U.S. Department of Labor has reached an agreement with the owner of a Manhattan laser surgery center to pay $5 million to its Employee Stock Ownership Plan (ESOP) to resolve violations of the Employee Retirement Income Security Act of 1974 (ERISA). The agreement was entered in a consent judgment by the U.S. District Court for the Southern District of New York.
Read MoreWASHINGTON, D.C. – U.S. Senator Tammy Baldwin today introduced the Worker Owned Wealth Act to help Wisconsin workers get ahead by providing employees with tools and resources to become co-owners of the businesses where they work. Senator Baldwin announced the new legislation at Sentry Equipment, an employee-owned Made in Wisconsin manufacturer in Oconomowoc.
Read MoreColumbia Falls, MT, August 04, 2017 --(PR.com)-- Pluss Corporation, a leading producer and provider of resource management software for Repair Shops and Dealers in the Truck, Heavy-Equipment and Emergency Equipment Market, is thrilled to announce that it is now an employee-owned company. Through the purchase of shares previously held by the founding members of the company, 100% of Pluss Corporation is now held in an employee stock ownership plan.
Read MoreEnvironmental consulting, engineering and construction-related services firm Superior Environmental Corp. is now 100-percent employee-owned.
Read MoreU.S. Sens. Gary Peters (D-MI) and Jim Risch (R-ID) recently introduced legislation to increase awareness of Employee Stock Ownership Plans (ESOPs) as an employee ownership model for businesses.
Read MoreWashington, D.C. (PRWEB) July 13, 2017: Pariveda Solutions, a leading management consulting firm specializing in improving our clients' performance, was recently named as one of the Washington Business Journal's Best Places to Work. This is the second year in a row that Pariveda Solutions has been named to the list. This year they were ranked #12 in the medium employer category.
Read MoreThe employees at Vermeer Great Plains, which has locations in Kansas, Oklahoma and Missouri, now fully own the dealership through an employee stock ownership plan (ESOP).
Read MoreTHE GIST
In a move that seems inextricably tied to both its internal business philosophy and external politics, San Diego's Modern Times Beer announced today that it is now employee owned. In a statement, the fast growing company says it has repurchased shares held by outside investors and, as a result, 30% of the company is now held in an employee stock ownership plan (ESOP).