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One of the most popular sessions at the recent NCEO virtual conference was by Sandy Kostouros, corporate communications manager of Morton Buildings, a 100% ESOP company with more than 1,800 employees in 43 states.

On August 8, the IRS issued a press release warning about tax avoidance in employee stock ownership plan (ESOP) transactions. It is not clear what prompted the memo or whether there are any specific transactions that the IRS is investigating.

By Dan Markowitz, Boulay LLP

Since 2005, the NCEO has conducted periodic surveys of ESOP companies on their corporate governance practices, such as board compensation, how the board is constructed, and how trustees are selected and paid.

Every year, some number of ESOPs are investigated by the Department of Labor. These investigations are an ongoing concern for the ESOP community, but until now there has been no data available to answer key questions about what the risk of an investigatio

Private equity funding and ESOPs are traditionally opposing strategies, but private equity could become a more active supporter of employee ownership through ESOPs in three ways:

At the 2023 NCEO Annual Conference in Kansas City, one of the best attended sessions was on cybersecurity. That’s not surprising in light of the growing threat that gaps in security can pose to a business.

A common concern about ESOPs is their potentially higher level of risk for participants than a diversified 401(k) plan.

In Recipe for Business Success, author and former CEO of employee-owned KTA-Tator, Inc., Daniel P. Adley provides leaders the knowhow and tools to ensure culture, strategy, and execution are aggressively implemented and aligned by a fully engaged workforce. With this proven recipe, success is closer than ever. The following excerpt is from the Prologue of the book.

Last week, I had the opportunity to attend the first day of the 2023 National Employee-Owner Summit in Downers Grove, Illinois. The two-day event, which is a collaboration between the NCEO and the OEOC (Ohio Employee Ownership Center), is moderated by the OEOC and offers non-managerial employee-owners the opportunity to learn from and interact with their peers from other ESOP companies through informational sessions, structured exercises, small group discussions, and even games.