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Vermont Employee Ownership Center (VEOC)

  
  
  

Employee Ownership Center Receives “New Visions” Grant announced that the New Visions Foundation of Buffalo Grove, IL, has awarded a $7,500 grant for general operating support to the Vermont Employee Ownership Center (VEOC):

"The grant was made in the Foundation's economic justice category, which "supports organizations that promote a social ideal of the common good and equitable distribution of resources and opportunities.""

What is the VEOC? Their website provides the following description:

"The Vermont Employee Ownership Center is a non-profit organization dedicated to promoting and fostering employee ownership. Our goals are to broaden capital ownership, deepen employee participation, retain local ownership of businesses and the jobs they support, increase living standards for working families, and stabilize communities. We present seminars and conferences. We work directly with owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start a company with broadly-shared ownership."

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2012 IRS Pension Plan Limits

401(k) Deferral Limit - $17,000

Annual Additions Limit - $50,000

Maximum Compensation Limit - $250,000

Catch-Up Contribution Limit - $5,500

Highly Compensated Employee - $115,000

ESOP 5-Year Distribution Threshold - $1,015,000

ESOP Additional Year Threshold - $200,000

2012 Pension Plan Limits

1989 - 2012 Plan Limits