Blue Ridge ESOP Associates Industry News

NCEO: The Oconomowoc ESOP Nuts and Bolts Seminar

Posted by Blue Ridge ESOP Associates

Aug 18, 2017 4:58:00 PM

Come to the ESOP Nuts and Bolts seminar Tuesday, August 29th in Oconomowoc, Wisconsin. 

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2017 Midwest ESOP Conference

Posted by Blue Ridge ESOP Associates

Aug 16, 2017 4:21:51 PM

The 2017 Midwest ESOP Conference will be September 7-8, 2017. Due to high demand, you must act quickly as registration will close this Friday, August 18. At this conference, stop by our booth to visit with our professionals. You will also have the opportunity to hear  Pam Themar speak at the session ESOP Essentials: Basic ESOP Administration which will cover the basic overview of plan administration; covering eligibility, allocation activity, vesting requirements, compliance testing, distributions and reporting requirements.
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Topics: ESOP Administration, Distributions, Conferences

Heart of America's 18th Annual Fall ESOP Conference

Posted by Blue Ridge ESOP Associates

Aug 16, 2017 12:39:47 PM

The Heart of America's 18th Annual Fall ESOP Conference is coming up next week! There is still time today to register with the early bird discount here. At this conference, you will have the opportunity to hear Anthony Brunsvold present at one of the sessions about The "4 R's" ~ Reshuffling, Redeeming, Rebalancing & Releveraging. In this advanced session, experienced practitioners will explain the mechanics and consequences of the "4 R's".
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Topics: Distributions, Dividend Rules, Diversification, Conferences

OEOC Webinars for ESOP Companies

Posted by Blue Ridge ESOP Associates

Aug 15, 2017 5:18:10 PM

The Ohio Employee Ownership Center is hosting a series of webinars for ESOP companies. Blue Ridge ESOP Associates' professional, Kevin Rusch, will be presenting next Wednesday, August 23.

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Topics: Repurchase Obligation

ESCA: Congressional Visit

Posted by ESCA

Aug 7, 2017 11:53:14 AM

Salem Distributing Company, Inc. took initiative to meet with their Congressional representative last week. Below is an update from ESCA regarding their visit:

Last week, ESCA member company Salem Distributing Company, Inc. met with Congresswoman Virginia Foxx (R-NC-5) in her district office. Because Congresswoman Foxx chairs the Committee on Education and the Workforce, which has jurisdiction over Department of Labor issues, Salem Distributing CEO Mike Willard and Controller Gale Marett focused their discussion on the Department of Labor's approach to ESOPs. Our goal for this meeting was to encourage Congresswoman Foxx to convey her support for ESOPs and concerns about aggressive enforcement efforts to Secretary Alexander Acosta.  We appreciate her willingness to speak with Secretary Acosta on behalf of ESCA member companies and look forward to continuing to work with her on DOL and other issues in the future. 

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Topics: Congressional Visits

Tom Roback Radio Interview about ESOPs

Posted by Blue Ridge ESOP Associates

Jul 27, 2017 5:19:17 PM

What is an ESOP? Know a company owner looking for an exit strategy as they face retirement age? What kind of business is right for an ESOP? How does an employee benefit from an ESOP? These questions and many others are answered in Tom Roback's interview which is now available to listen to online

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Topics: ESOP Administration

OH/KY ESOP Chapter Thoroughbred Conference

Posted by Blue Ridge ESOP Associates

Jul 25, 2017 4:24:42 PM

The Ohio/Kentucky Thoroughbred ESOP Conference is coming up in August. There is still time to register with the early bird discount here. At this conference, you will have the opportunity to hear Renee Stadtmueller present at the following session about The Three D's of ESOPs: Distributions, Diversification, and Dividends. This session will address the: 1) timing and form of ESOP Distributions; 2) statutory Diversification rules; and, 3) special treatment of Dividends in ESOPs from a legal and administrative perspective. The three "D"s of ESOPS pertain to all ESOP companies and attendees will gain insight and a better understanding of this aspect of their plan's administration.
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Topics: Distributions, Dividend Rules, Diversification, Conferences

The NCEO Fall ESOP Forum

Posted by Blue Ridge ESOP Associates

Jul 14, 2017 2:52:47 PM

 

Find the information, ideas, and advice you need to make better ESOP decisions at The Fall ESOP Forum in Tampa, FL, this October 3-4, 2017. Both experienced attendees and newcomers will leave the Fall ESOP Forum better informed and better prepared to evaluate and implement the next steps for their companies. 

Blue Ridge ESOP Associates is proud to be sponsoring this conference with Renee Stadtmueller presenting in the following session.

“ESOP Distribution and Diversification Practices”

Distribution rules have more flexibility than many people think, and finding the right approach can help you make your plan more sustainable

Tuesday, October 3 - 9:30-10:15 a.m.

Renee Stadtmueller, CPA, QPA

Renee is a Director at Blue Ridge ESOP Associates. She has more than 19 years of experience providing administration and consulting advice to ESOP clients. She is a CPA and holds the QPA designation from ASPPA. She works closely with plan sponsors, accountants, advisors and legal counsel to provide guidance on plan design, compliance and operation. She is a member of the NCEO, The ESOP Association, and ASPPA. She has served as a chairperson for ASPPA's Education and Examination ESOP Certificate Subcommittee and as the vice president of programming for the Wisconsin Chapter of The ESOP Association. Renee received her bachelor of business administration in accounting and finance from the University of Wisconsin-Oshkosh.

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Topics: Distributions, Diversification, Conferences

Should Twitter’s Employees and Customers Buy the Company?

Posted by Blue Ridge ESOP Associates

Jul 11, 2017 12:11:36 PM

Should Twitter be bought out by its employees and customers? Joseph Blasi and Doug Kruse show why employee ownership could be a smart move for this tech company in this article.
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Topics: Employee-Ownership

Congressional Site Visits (5 Steps)

Posted by ESOP Association

Jul 7, 2017 10:08:48 AM

Michael Keeling, President of The ESOP Association, recently had an inquiry about what to do during a Congressional Site visit. His response was a 5 Step process:

1) A list of members of the House from your State that have co-sponsored HR 2092, the pro-ESOP bill, or the same bill in the last Congress, which was HR 2096. A member of Congress often looks to see what his or her colleagues are supporting and are influenced when those that they trust are behind a piece of legislation.

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Topics: Congressional Visits