I recently wrote a blog post for Employee Benefit Adviser. If you didn’t see it there, we are reposting it here on The Principal® blog. Article originally posted at http://eba.benefitnews.com.
There is a movement afoot to put state governments in the business of offering retirement plans to private citizens, which would ultimately eliminate opportunities and siphon business away from financial professionals. Read more
Let’s face it, Americans love top 10 lists. David Letterman includes one in every episode of the show, and if you Google top 10 lists you will find an array of results that range from the predictable to the just plain strange.
A recent search result included:
- 10 absurd trademark claims
- 10 video game characters with real-life prototypes
- 10 competitive eating achievements NOT to be tried at home
I recently put together a top 10 list (of sorts) for Employee Stock Ownership Plans (ESOPs). It outlines in ten steps the activities that need to be completed to put a plan in place.
The ten steps are:
(1) Engage your ESOP consultant
(2) Conduct an ESOP feasibility analysis
Recently I was returning to Des Moines from New York City via Minneapolis. The flight out of New York City’s Laguardia Airport was delayed and there were several passengers that were going to have very tight connections (and to compound the issue many of those connections were the last flight of the day). The flight attendant asked those passengers with Minneapolis as their final destination to let the others exit first to increase their likelihood of making their connecting flights.
In the 1997 movie, Men in Black, Agent K (played by Tommy Lee Jones) and Agent J (played by Will Smith) saved the universe from an intergalactic terrorist (which looked a lot like a giant cockroach). During an early exchange with J, K states:
“1,500 years ago, everybody knew that the Earth was the center of the universe. 500 years ago, everybody knew that the Earth was flat. And 15 minutes ago, you knew that humans were alone on this planet. Imagine what you’ll know tomorrow.”
Imagine what you’ll know tomorrow. If only business owners could answer that question today things would be much simpler for them. Read more
On September 2, 1974 President Gerald Ford signed the Employee Retirement Income Security Act (ERISA) into law. This landmark bill included provisions creating Employee Stock Ownership Plans (ESOPs). ESOPs have allowed millions of American workers to experience the benefits of company ownership.
Harness the power
ESOPs weren’t the only famous invention in 1974. The brightly colored Hasbro® Rubik’s Cube was also introduced. People spent countless hours twisting and turning trying to solve the puzzle. They found that the toy allowed almost limitless flexibility (and frustration for many).