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30th Anniversary Press Release

  
  
  

Last week we mentioned the ESOP Association's 30th Anniversary. Here is a link to the press release:

The ESOP Association to Celebrate 30 Years of Service in 2008

January 7 , 2008 (Washington, DC) –In 2008, The ESOP Association will celebrate its 30th Anniversary helping create better and stronger employee owned companies and spreading the message of employee ownership in America.

"Thirty years of successful operations as the primary advocate for employee ownership through the ESOP model is a tribute – a tribute to the hundreds of men and women volunteer ESOP advocates who have dedicated hundreds of hours to make America better," said J. Michael Keeling, President of The ESOP Association. "Employee ownership cynics have always underestimated the power of ownership, and miscalculate the deep passion these men and women bring to our national discussion about what is fair and equitable."

Always controlled by its volunteer ESOP company leaders, The ESOP Association has a 30 year record of membership and growth. Starting with less than 200 members, and a few thousand dollars in revenue, The ESOP Association now has over 2,500 members, and the gross revenue of the Association and its affiliate, the Employee Ownership Foundation, was approximately $4.5 million in 2007.

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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