Madelyn Hammack
Expanding ESOPs, a new coalition formed to encourage more employee stock ownership as a viable path to bring new vitality to the American economy, has just launched its Ask an ESOP Expert Q&A series on LinkedIn.
Corey Rosen
In a strongly worded letter, Rep. Virginia Foxx, R-NC, chair of the House Committee on Education and the Workforce, says that the Department of Labor (DOL) abused its authority when it shared information from an ongoing investigation of Envision Radiology's ESOP with the law firm Cohen Milstein, which is acting as the counsel for the plaintiffs in an ESOP valuation lawsuit against the trustee, selling shareholders, and individuals at the company. Foxx called on the DOL’s Office of the Inspector General to investigate certain practices concerning “secretly sharing confidential information with a plaintiffs’ attorney for use against plan fiduciaries.”
Liza Shifrin
The 2024 ESOP Executive and Board Compensation Survey report is now available. Thank you to all of the survey respondents for making this survey possible.
Nancy Wiefek
We've just released this year's EO 100, our annual list of the largest broad-based employee-owned companies in the US. Most are ESOP-owned, and one is a cooperative. To be on the list, companies must be at least 50% employee-owned; most on the list are 100%. Collectively, these broad-based plans cover over 655,000 people.
Corey Rosen
On November 1, the IRS announced its annual cost-of-living allowance (COLA) increases to plan limits for 2025, which are provided in detail in Notice 2024-80 (PDF). The most important figures for ESOPs are:
Madelyn Hammack
The Democracy at Work Institute (DAWI) recently released its 2023 Worker Cooperative State of the Sector Report. The report, which covers two years of business progress among worker-owned and democratic workplaces in the US, takes into account the latest developments in the worker cooperative space and aims to increase understanding of the sector as a whole.
Corey Rosen
The Institute for Employee Ownership and Profit Sharing at Rutgers University will offer approximately 10 competitive research fellowships for the 2025–2026 academic year. Several $50,000, $25,000, and $10,000 fellowships will be offered. The deadline for applications is March 31, 2025.
Corey Rosen
The Institute for Employee Ownership and Profit Sharing at Rutgers University will offer approximately 10 competitive research fellowships for the 2025–2026 academic year. Several $50,000, $25,000, and $10,000 fellowships will be offered. The deadline for applications is March 31, 2025.
Corey Rosen
President-elect Donald Trump has not said anything we are aware of about employee ownership during his political career, so it is difficult to know what approach he will take to the issue. Many of his former advisors and other people with similar views were involved with Project 2025, however, although he and his campaign have distanced themselves from it. Project 2025's proposed 180-day transition playbook, Mandate for Leadership: The Conservative Promise, states (pp. 610-11):
