In October, 2021, Russell Bond & Co., Inc., a Buffalo, NY-based insurance wholesaler and longtime Menke client, announced that they had agreed to become part of Jencap Group, one of the largest insurance wholesalers in America. Gary Hollederer, President and COO of Russell Bond & Co., described the decision to join Jencap as being driven…
View detalsNovember 11th, 2021 — Menke Group Managing Director, Philip DeDominicis was recently featured on the How to Hardscape podcast in an episode, entitled, “Employee Stock Ownership Plans with Menke & Associates.” In the episode they outline how to give workers an ownership interest in a company — ESOP benefits, the kinds of companies employee ownership…
View detalsNov 11, 02:00 PM EST — Phil DeDominicis will be presenting a free webinar, giving an overview on ESOPs for owners, CFOs & CPAs. Click Here to Sign Up The CPE/CE webinar qualifies for 2 credits and provides a broad overview of ESOPs with the following topics: Key topics discussed in this online CPE/CE course: Using…
View detalsESOP companies are attractive to millennial workers because they offer benefits and a culture that fit what they are looking for. They provide powerful retirement savings at a time when perks that their parents may have enjoyed, like robust pension plans, are nearly impossible to find.
View detalsREPURCHASE OBLIGATION GOVERNANCE Smart ESOP Management To know the health of your ESOP and plan for the future, you have to understand your full exposure, both short-term and long-term, including costs you won’t find on your balance sheet. Menke Repurchase Obligation Governance gives you a clear picture of your ESOP’s financial status, with actionable intelligence…
View detalsOn September 9, 2021, Menke Group Managing Director of ESOP Advisory and Investment Banking Matthew Nels will be speaking at the Great Game of Business Conference in Dallas. His presentation entitled, How Business Owners, Management, and Employees Can Benefit from ESOPs, will explore the range of ownership transition options that business owners might consider, and…
View detalsThe Menke Group is proud to congratulate longtime client Global Tax Management on their recent placement on the 2021 Inc. 5000 list. The Inc. 5000 is the definitive ranking of the fastest-growing private companies in America. GTM earned their position by posting 58% revenue growth over the last three years. Headquartered in Wayne, PA, Global…
View detalsOne benefit of Employee Stock Ownership Plans (ESOPs) that should not go overlooked is how they can help companies grow. Not only are ESOPs powerful tools for recruiting and retaining top talent, but they also empower companies to make strategic acquisitions that help them become market leaders in their fields. ESOPs help companies make strategic…
View detalsOn May 1st, 2021, Porterville, CA fruit growers Homegrown Organic Farms completed their transition to employee ownership with the implementation of an Employee Stock Ownership Plan (ESOP).
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Many businesses like to say that their most valuable resource is their people. WestLand Resources, Inc.’s (WestLand) Engineering & Environmental Services puts that belief into action. The Menke Group is proud to have assisted WestLand with their successful transition to 100% employee ownership through the creation of an Employee Stock Ownership Plan (ESOP) at the…
View detalsIn a recent article in Forbes entitled, “The ESOP Revolution: Fighting Financial Inequality And Empowering The Working Class,” author Christopher Marquis examines the “transformative power of employee ownership” in combatting the massive wealth inequality in America. Marquis argues that businesses can claim to be “sustainable and socially responsible,” and may back up those claims with…
View detalsIn a recent article published in the Harvard Business Review entitled “The Big Benefits of Employee Ownership,” Thomas Dudley, CEO and co-founder of Certified Employee-Owned, and Professor Ethan Rouen of Harvard Business School shared the results of a study based on a single question: what would happen if every American business became at least 30%…
View detalsYour ESOP & 401(k) Administration, Together at Last Industry-leading expertise, seamless communication, and unmatched service combined to make your ESOP and 401(k) compliance reporting easier and more efficient than ever before. Why Use Menke’s Combined ESOP & 401(k) Administration? If your company sponsors an ESOP and a 401(k) plan, you know the frustration of having…
View detalsMyPath, an employee-owned family of companies that provides comprehensive services to children and adults with physical and mental disabilities, has been named the ESOP Company of the Year by the Wisconsin chapter of The ESOP Association. Based in Oconomowoc, WI MyPath has over 2,000 employee-owners serving Wisconsin and Indiana. They have been 100% employee-owned since…
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On May 7th, Menke Managing Director Phillip DeDominicis will be speaking at the Ohio Employee Ownership Conference to be held at Kent State University. Phil will be giving a presentation entitled, “Employee Owner Track: ABCs of ESOPs for ESOP Participants,” which will cover how to provide new employees with the essentials of what it means…
View detalsMaturing ESOP Occasionally ESOP Companies are acquired, often resulting in the termination of the ESOP. The ESOP enters a winding-down process of the Trust, its assets, and the distribution of those assets to all the participants. When an ESOP is terminated, great care must be taken to ensure that the provisions of the Plan are…
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Architecture, engineering, and construction (AEC) firms with Employee Stock Ownership Plans outperformed traditionally-owned AEC firms in four out of six valuation categories, according to Zweig Group’s recently released 2021 Valuation Report of AEC Firms. These findings demonstrate how an ESOP can create wealth for employees and owners alike in these vital industries. Notably, the report…
View detalsIf there is one lesson to be learned from the upheaval of the past year, it is the importance of having a succession plan in place. No one can anticipate all the challenges that could accompany a global pandemic or a sudden massive economic crash, but having a roadmap for keeping your business intact in…
View detalsMotorcycle manufacturer Harley-Davidson has announced that it will be issuing stock to 4,500 of its employees, including every one of its hourly factory workers. With this move, Harley-Davidson will become one of the most recognizable employee-owned companies in America. Harley-Davidson has suffered from falling sales in recent years. Giving so many workers an ownership stake…
View detalsThe Menke Group is proud to welcome Senior Benefits Consultants Michael Dee, MBA, QKA and Jessica Quaday, QKA to our Annual Administration team. Accurate, reliable, and efficient recordkeeping is the backbone of a healthy ESOP, and our team of highly trained and experienced administrators are here to handle any ESOP recordkeeping challenge. Mr. Dee and…
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President-Elect Joe Biden has signaled his intentions to promote employee ownership during his administration through the nominations of two vocal proponents of Employee Stock Ownership Plans to critical positions: Marty Walsh for U.S. Secretary of Labor and Isabel Guzman to head the Small Business Administration. The Menke Group joins the ESOP Association in expressing our…
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The Menke Group is thrilled to congratulate longtime client Ganahl Lumber on being named 2021’s Dealer of the Year in the $100 million+ category by LBM Journal, the leading media company serving the lumber/building material distribution industry. Ganahl Lumber has been providing quality lumber products to the greater Los Angeles metro area since 1884. Their…
View detalsPlease join me for a highly interactive, LIVE webinar on Thursday, January 07, 2021 | 02:00 PM EST to learn more about “ESOP OVERVIEW FOR OWNERS, CFOS & CPAS”. Attending this webinar will also qualify you for FREE CPE/CE Credits. Here are a few key learning objectives for the workshop: To identify when ESOPs may…
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THE MENKE GROUP AMERICA’S LARGEST & OLDEST ESOP ADVISOR https://youtu.be/fMZzkuaiR5c Since 1974, Menke has structured over 4,000 ESOPs, the most by any single organization. We design and install ESOPs for companies with as few as 10 employees and as many as 10,000 employees. We provide all the services needed to design and install an ESOP,…
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In 2017, the Menke Group had the distinct pleasure of helping Philadelphia-based insurance brokers and consultants Graham Company buck industry trends by converting to 100% employee ownership. Now, in a terrific new article published on Property Casualty 360, Graham’s VP of Human Resources Karen Boyle looks back on their first three years as an ESOP…
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Thursday, January 14, 2020 (1:00PM – 3:00PM EST) This 2-hour web seminar is free-of-charge and will show how ESOPs can be structured to accomplish these and other objectives that may be essential to the sustainability of your company in navigating through this difficult period. The COVID-19 pandemic will likely have a financial impact on most…
View detalsAll of our ESOP Advisors were trained as bankers and/or investment bankers before joining the Menke Group, and their average years of service after joining the Menke Group is in excess of 30 years of service. Based on their many years of experience in designing and installing ESOPs, our ESOP Advisors can in most cases…
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Companies with Employee Stock Ownership Plans have “drastically outperformed” traditionally owned businesses at retaining jobs during the COVID-19 pandemic by a rate of 4 to 1, according to a new report released by the Rutgers Institute for the Study of Employee Ownership and Profit Sharing in partnership with the Employee Ownership Foundation. This report, which…
View detalsA confirmation email with information on how to join the webinar has been sent to you. Questions or Comments? Contact: jgmenke@menke.com If you are already interested in finding out how an ESOP could work for your company, we invite you to fill out our form below for a Free Preliminary Analysis:
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San Francisco’s Fireclay Tile has followed its peer, Menke client Heath Ceramics, into employee ownership. Fireclay had previously given its employees a 14% stake in the company in 2013, and has now expanded the employee’s ownership stake by an additional 23%, meaning the workers own more than a third of the business. Home to 150…
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