Blue Ridge ESOP Associates Industry News

Blue Ridge ESOP Associates

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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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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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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

Happy 4th of July

Posted by Blue Ridge ESOP Associates

Jul 3, 2018 4:58:15 PM

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Basic ESOP Training - NCEO Online Course

Posted by Blue Ridge ESOP Associates

May 25, 2018 9:00:00 AM

Need a basic training course to help you understand the basics, financial issues and operations of an ESOP? Corey Rosen, the founder of the NCEO, has developed a new self-paced study to help participants gain such knowledge. The program is divided into 5 mini-courses which includes 20 webinar recordings and 20 sets of scenario based quizzes covering 18 topics regarding ESOPs. We encourage you to check out this resource and find out more information here.

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Topics: ESOP Administration

Forbes - Best Employers in America

Posted by Blue Ridge ESOP Associates

May 24, 2018 4:57:13 PM

Congratulations to Wawa for being named by Forbes as one of the best employers in America.
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Employee-Owned Company Invites Governor for a Tour

Posted by Blue Ridge ESOP Associates

May 16, 2018 11:56:49 AM

Employee-owned company, NewAge Industries, in Pennsylvania, invited Governor Tom Wolf to their facility. The tour showcased the financial and moral values employees gain when they are a part of business ownership noticed by Governor Wolf as he pointed out "the number of 'employees smiling'." After the tour, a roundtable was held between the executives of NewAge and Governor Wolf which included the discussion about how the Pennsylvania Center for Employee Ownership is exemplary in promoting growth of companies through employee ownership. More highlights about this tour and meeting can be read here. Company tours like this one for key decision makers demonstrate the benefits of pro-ESOP legislation.
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Topics: Congressional Visits

New York's - "Main Street Employee Ownership Act"

Posted by Blue Ridge ESOP Associates

May 1, 2018 4:29:10 PM

New York's junior senator, Kirsten Gillibrand announced that new legislation is set to be presented to help make it easier for businesses to become employee owned. This announcement was made while the senator was visiting Schenectady Steel Company which has been 100% employee owned since 1975 and turning 100 years old in 2024.  "The Main Street Employee Ownership Act" is a bi-partisan bill which "aims to improve access to loans for ESOPs or co-ops and make it easier for small businesses to transition to an employee owned model. It's an effort to retain local business, and reward hard work."
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Topics: pro-ESOP legislation

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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