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Employee Ownership Update for November 15, 2010
National Center for Employee Ownership [NCEO] Link to more items from this source
Nov. 15, 2010
NCEO Executive Director Corey Rosen discusses the following: A district court ruled the purchase of unregistered shares for the Tribune ESOP was a prohibited transaction. There are no COLA changes for defined contribution plans in 2011. There is a new site for nonqualified deferred compensation plans. Penmac Staffing is now one of the largest employee-owned companies. The failure to include amounts from option and ESPP exercises is causing errors in calculating compensation in 401(k) plans.

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