Blue Ridge ESOP Associates Industry News

Time to Celebrate - Employee Ownership Month

Posted by ESOP Association

Oct 3, 2018 6:36:32 PM

As you may already know October is Employee Ownership Month, otherwise known as ESOP Month! Many of you choose to take this opportunity to celebrate your employees and your ownership culture.

The ESOP Association (HQ) in DC will be providing tons of material via social media throughout the month. You may want to consider:

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A Pro-ESOP bill has been signed into Law.

Posted by Blue Ridge ESOP Associates

Sep 7, 2018 2:00:00 PM

On August 13th, a significant pro-ESOP bill was signed into law. The Main Street Employee Ownership Act (S. 2786) was signed into law as part of the Senate’s National Defense Authorization Act (NDAA).

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Summary Plan Description – A Participant’s Right, Your Responsibility

Posted by Maren Noll

Sep 7, 2018 2:00:00 PM

A Summary Plan Description (SPD), is a shortened version of the full Plan Document, written in a way to be easily understood by the average participant. It explains all the specific information on who is eligible to be a participant, when they can enter the plan, and how they will get contributions into their ESOP account. Additionally, it addresses the number one question participants usually have, which is how and when they can start receiving their benefits from the ESOP. Other items usually disclosed in the SPD are basic information about the plan sponsor, and action steps for questions or complaints about the ESOP.

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Fall 2018 Conferences

Posted by Blue Ridge ESOP Associates

Sep 7, 2018 2:00:00 PM

Blue Ridge ESOP Associates is committed to staying active in the ESOP Community.  Several of our employees will be doing presentations and attending conferences over the next few months.

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September 2018 - IRS/DOL Corner

Posted by Dolores P. Lawrence, CPA, QKA

Sep 7, 2018 2:00:00 PM

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Heart of America's 19th Annual Fall ESOP Conference

Posted by Blue Ridge ESOP Associates

Aug 17, 2018 2:45:22 PM

The Heart of America's 19th Annual Fall ESOP Conference is coming up next week! There is still time today to register here. At this conference, our professionals Chad Guzinski and Scott Freund will be available to give an overview of the additional services we provide along with our standard ESOP & 401k administration services. On Thursday, you will have the opportunity to hear Anthony Brunsvold present about the Three R's of Distributions and Their Impact on Cash Flow & Repurchase. In this technical session, experienced practitioners will explain the real meaning behind the terms Recycling, Redeeming and Releveraging and how each impacts the ESOP.
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Topics: Conferences, Repurchase Obligation

"Main Street Ownership Act" is Law!

Posted by Blue Ridge ESOP Associates

Aug 15, 2018 2:30:29 PM

The "Main Street Ownership Act" was signed into law on Monday under the "National Defense Authorization Act". In May we shared that this new pro-ESOP legislation is a bi-partisan bill that allows an easier transition for small businesses to become employee owned. Thank you Senator Gillibrand for  drafting a bill that is now law which will  support the future growth of ESOPs.
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Congressional District Work Schedule for Fall 2018 Employee Owned Company Visits

Posted by Blue Ridge ESOP Associates

Jul 27, 2018 1:37:23 PM

In the upcoming months, Members of Congress will have several weeks to work in their districts. This is a great time for Employee Owned Companies to plan Congressional site visits which allow Members to see first hand the benefits of employee ownership and the value of pro-ESOP legislation.

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Topics: Congressional Visits

NCEO Employee Ownership Index Doubles S&P Performance for Its First Year

Posted by NCEO

Jul 5, 2018 3:17:44 PM

On June 19, 2017, the NCEO created the Employee Ownership Index, an index of 28 publicly traded companies that had both broad-based employee ownership and had won one of three major national employer rating awards, each of which puts a high emphasis on employee engagement (Fortune's Best Companies to Work for, the Gallup Engagement Index, and the Enterprise Engagement Alliance awards). Broad-based employee ownership included ESOPs where there was an average account balance of $30,000 or more and companies that provided equity grants to most or all full-time employees.

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Happy 4th of July

Posted by Blue Ridge ESOP Associates

Jul 3, 2018 4:58:15 PM

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Experience the Leader in Personalized ESOP & 401(k) Administration

Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free  assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.

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