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In Notice 2023-75 (PDF) and an accompanying news release, the IRS announced yearly cost-of-living increases in dollar limits for ESOPs and other defined contribution plans for 2024.

The Department of Labor (DOL) has posted the latest Form 5500 filing data, which covers plan year 2021 (the most recent available year). The data includes 6,533 ESOPs filing for 2021, covering 14.7 million participants holding over $2.1 trillion in total assets.

Most ESOP companies also have 401(k) plans. Thinking carefully about how these plans will work once an ESOP is in place is critical

Precision Pulley and Idler (PPI) is a 100% ESOP company that provides high performance and innovative conveyor products. It has done four acquisitions. This article looks at the methods and issues involved in three of them.

Lots of us love Dickens’s A Christmas Carol. The tale of Ebenezer Scrooge’s dream-tormented epiphany about what really matters in life has resonated deeply with people of all ages ever since it was published.

The Promotion and Expansion of Private Employee Ownership Act has been introduced in the House and the Senate. The bill is a revision of a proposal submitted in each Congress to encourage the growth of S corporation ESOPs. Both bills have bipartisan support.

It's no secret that workplace attitudes are changing. The first thing to acknowledge is that this is not an issue with a quick fix. For many companies, this will require a real change in their workplace attitudes or in how they treat employees. Our resources will help you.

The NCEO recently conducted an employee survey for a medium-sized ESOP company as part of its Ownership Culture Surveys Networking Program.

Long-time ESOP-owned company Clif Bar is running a one-minute advertisement during the 2021 World Series that prominently features Clif Bar's employee-owners showing pride in their product and their company, and introducing themselves and their coworkers as employee-owners.

Twenty-five of the largest private companies as ranked by Forbes are employee-owned. There are 219 companies on the list, each with $2 billion in sales or more. Twenty-one of these have ESOPs, two have profit sharing plans that work like ESOPs, one is owned by a trust for employees, and one provides phantom stock to all employees.