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The American Institute of CPAs has written a letter to members of Congress to support legislation that would block the U.S. Department of Labor s 2010 proposal to change its definition of fiduciary ...

Why try to persuade employees to act like owners when you could just make them owners? In case you didn’t know, October is Employee Ownership Month. According to the ESOP Association, there are ...

Many ESOP-owned companies will fall under one of the CTA’s 23 enumerated exceptions with many likely to fall under the very common “Large Operating Company” exception to the definition of ...

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that ...

Kelso became an ESOP evangelist and ran an investment bank that helped many other companies turn workers into owners. “If capital ownership is good for the rich, it is a thousand times better ...

There are 98 ESOPs in Kansas, including McCownGordon Construction. The founders, Pat McCown and Brett Gordon, converted the company to an ESOP in 2015. There were obvious perks for associates ...