October is ESOP Month, and T&H has reason to celebrate

The ESOP Association and its member companies have been celebrating Employee Ownership Month every October for over 20 years. The month-long observance aims to celebrate the myriad benefits of employee stock ownership plans (ESOPs) through employee education and team-building events. Tata & Howard celebrated for the first time this year, as October 2015 marks the one-year anniversary of the company becoming a 100% employee-owned company. Throughout the month, T&H employee-owners have been participating in contests, calls to action, and special events in order to celebrate not only ESOP Month, but also the first anniversary.

What is an ESOP?

An ESOP is a program that provides a company’s workforce with an ownership interest, most frequently at no up-front cost to employees. ESOPs are implemented for different purposes, often as a way to provide for the future transfer of ownership of a successful, closely-held private company from owners to employees.

In the United States, ESOPs are a defined contribution plan, which is a form of retirement plan. ESOPs are regulated by Employee Retirement Income Security Act (ERISA), a federal law that establishes minimum standards for retirement plans in private industry and extensive rules on federal income tax effects of employee benefit plans. ERISA was enacted in 1972 to protect the interests of employee investment plan participants.

What Is an ESOP

Infographic by National Center for Employee Ownership (NCEO) from What Is an ESOP?

ESOP Statistics

According to the ESOP Association, ESOPs provide many benefits to employees, some of which are highlighted below:

  • esop_association_logoThere are approximately 10,000 ESOPs in place in the U.S., covering 10.3 million employees (10% of the private sector workforce).
  • About 330 ESOPs (3%) are in publicly traded companies.
  • An estimated 7,000 of the 10,000 companies have ESOPs that are large enough to be a major factor in the corporation’s strategy and culture.
  • Approximately 5,000 ESOP companies are majority-owned by the ESOP.
  • Approximately 4,000 are 100% owned by the ESOP.
  • At least 75.4% of ESOP companies are or were leveraged, meaning they used borrowed funds to acquire the employer securities held by the ESOP trustee.
  • Of the 10,000 employee-owned companies nationwide, fewer than 2% were financially distressed when they established their ESOP.
  • Approximately 99% of ESOP Association members are private, closely-held companies.
  • ESOPs exist primarily in small businesses – 68% of Association members have less than 250 employees.
  • While ESOPs are prevalent in a broad range of industries, approximately 23.4% of Association members are in manufacturing, followed closely by construction (15.3%) and engineering (10.9%).
  • Approximately 65% of ESOP Association members report that their ESOPs have been in place for 10 years or more.
  • 4% of Association members have companies that are more than 50% owned by the ESOP.
  • 6% of Association members offer a supplemental benefit plan in addition to the ESOP including, 401(k) plans, pension plans, and profit sharing plans.
  • Research indicates that ESOP implementation results in more information sharing, increased communications, and involvement in decision making for employee owners.
  • 3% of ESOP Association members report that motivation and productivity increased as a result of the ESOP.
  • Savings from the low layoff rate of ESOP participants was $1.9 billion in 2014, showing that ESOP companies are an investment worth noting.
  • GSS figures released in June 2015 found that 1.3% of employees with employee stock ownership, which includes the ESOP model and other forms of employee ownership, said that they were laid off in the last year compared to a 9.5% rate for employees without employee stock ownership.
T&H employee-owners participated in a bubblegum chewing contest
T&H employee-owners participated in a bubblegum chewing contest

Contrary to some rumors, ESOPs are not typically formed in an attempt to save a struggling company. In fact, the vast majority of ESOPs are formed by highly successful companies. The ESOP only helps to increase company success as it provides incentive for employees to ensure that the company remains prosperous. Employee-owners of ESOPs typically know more operative and financial information about their company than do employees of traditionally held private corporations, and are often more motivated and productive. After all, the more successful the company, the more financial reward to employee-owners.

Tata & Howard’s ESOP Celebration

This month, employee-owners at Tata & Howard have been immersed in ESOP fun and education. To date, employee-owners have participated in a “Guess the Share Price” contest, a “Guess the Labor Revenues per Employee” contest, a bubblegum chewing contest, a hike, and an ESOP Slogan contest. In addition, employee-owners have been treated to chocolate coin bags, Starbucks coffee breaks, and ice cream socials, and have participated in charitable activities such as a month-long food drive and a special donation to Water For People.

T&H employee-owners received their first share certificates on October 19, 2015
T&H employee-owners received their first share certificates on October 19, 2015

Celebrating the 23rd anniversary of Tata & Howard on October 19, 2015, Tata & Howard employee-owners received their first ESOP share certificates, and proved that they are ready for 23 more. Results from an anonymous survey show that Tata & Howard employee-owners overwhelmingly support the formation of the ESOP, and they have also embraced and conquered fun and educational challenges. The shift to an ESOP has been a positive change for Tata & Howard, and we look forward to many more celebratory Octobers. Happy ESOP Month!Subscribe-to-our-newsletter1

October is ESOP Month, and T&H has reason to celebrate

The ESOP Association and its member companies have been celebrating Employee Ownership Month every October for over 20 years. The month-long observance aims to celebrate the myriad benefits of employee stock ownership plans (ESOPs) through employee education and team-building events. Tata & Howard celebrated for the first time this year, as October 2015 marks the one-year anniversary of the company becoming a 100% employee-owned company. Throughout the month, T&H employee-owners have been participating in contests, calls to action, and special events in order to celebrate not only ESOP Month, but also the first anniversary.
What is an ESOP?
An ESOP is a program that provides a company’s workforce with an ownership interest, most frequently at no up-front cost to employees. ESOPs are implemented for different purposes, often as a way to provide for the future transfer of ownership of a successful, closely-held private company from owners to employees.
In the United States, ESOPs are a defined contribution plan, which is a form of retirement plan. ESOPs are regulated by Employee Retirement Income Security Act (ERISA), a federal law that establishes minimum standards for retirement plans in private industry and extensive rules on federal income tax effects of employee benefit plans. ERISA was enacted in 1972 to protect the interests of employee investment plan participants.
What Is an ESOP
Infographic by National Center for Employee Ownership (NCEO) from What Is an ESOP?
ESOP Statistics
According to the ESOP Association, ESOPs provide many benefits to employees, some of which are highlighted below:

  • esop_association_logoThere are approximately 10,000 ESOPs in place in the U.S., covering 10.3 million employees (10% of the private sector workforce).
  • About 330 ESOPs (3%) are in publicly traded companies.
  • An estimated 7,000 of the 10,000 companies have ESOPs that are large enough to be a major factor in the corporation’s strategy and culture.
  • Approximately 5,000 ESOP companies are majority-owned by the ESOP.
  • Approximately 4,000 are 100% owned by the ESOP.
  • At least 75.4% of ESOP companies are or were leveraged, meaning they used borrowed funds to acquire the employer securities held by the ESOP trustee.
  • Of the 10,000 employee-owned companies nationwide, fewer than 2% were financially distressed when they established their ESOP.
  • Approximately 99% of ESOP Association members are private, closely-held companies.
  • ESOPs exist primarily in small businesses – 68% of Association members have less than 250 employees.
  • While ESOPs are prevalent in a broad range of industries, approximately 23.4% of Association members are in manufacturing, followed closely by construction (15.3%) and engineering (10.9%).
  • Approximately 65% of ESOP Association members report that their ESOPs have been in place for 10 years or more.
  • 4% of Association members have companies that are more than 50% owned by the ESOP.
  • 6% of Association members offer a supplemental benefit plan in addition to the ESOP including, 401(k) plans, pension plans, and profit sharing plans.
  • Research indicates that ESOP implementation results in more information sharing, increased communications, and involvement in decision making for employee owners.
  • 3% of ESOP Association members report that motivation and productivity increased as a result of the ESOP.
  • Savings from the low layoff rate of ESOP participants was $1.9 billion in 2014, showing that ESOP companies are an investment worth noting.
  • GSS figures released in June 2015 found that 1.3% of employees with employee stock ownership, which includes the ESOP model and other forms of employee ownership, said that they were laid off in the last year compared to a 9.5% rate for employees without employee stock ownership.

T&H employee-owners participated in a bubblegum chewing contest
T&H employee-owners participated in a bubblegum chewing contest

Contrary to some rumors, ESOPs are not typically formed in an attempt to save a struggling company. In fact, the vast majority of ESOPs are formed by highly successful companies. The ESOP only helps to increase company success as it provides incentive for employees to ensure that the company remains prosperous. Employee-owners of ESOPs typically know more operative and financial information about their company than do employees of traditionally held private corporations, and are often more motivated and productive. After all, the more successful the company, the more financial reward to employee-owners.
Tata & Howard’s ESOP Celebration
This month, employee-owners at Tata & Howard have been immersed in ESOP fun and education. To date, employee-owners have participated in a “Guess the Share Price” contest, a “Guess the Labor Revenues per Employee” contest, a bubblegum chewing contest, a hike, and an ESOP Slogan contest. In addition, employee-owners have been treated to chocolate coin bags, Starbucks coffee breaks, and ice cream socials, and have participated in charitable activities such as a month-long food drive and a special donation to Water For People.
T&H employee-owners received their first share certificates on October 19, 2015
T&H employee-owners received their first share certificates on October 19, 2015

Celebrating the 23rd anniversary of Tata & Howard on October 19, 2015, Tata & Howard employee-owners received their first ESOP share certificates, and proved that they are ready for 23 more. Results from an anonymous survey show that Tata & Howard employee-owners overwhelmingly support the formation of the ESOP, and they have also embraced and conquered fun and educational challenges. The shift to an ESOP has been a positive change for Tata & Howard, and we look forward to many more celebratory Octobers. Happy ESOP Month!Subscribe-to-our-newsletter1

Ryan P. Neyland, P.E., promoted to Project Manager

RyanNeyland400Ryan P. Neyland, P.E., has over nine years of concentrated water treatment experience. Mr. Neyland has been involved in numerous water projects including all phases of planning, design, and construction services, as well as pump station rehabilitation and SCADA. Mr. Neyland is currently working on the 8 mgd Falmouth Dissolved Air Flotation Water Treatment Plant. He works out of our Marlborough office and can be reached at 508-303-9400 x108 or rneyland@tataandhoward.com.

Tata & Howard and Turner Engineering Announce Strategic Partnership

Tata & Howard and Turner Engineering Announce Strategic Partnership

Flagstaff engineering firms Tata & Howard and Turner Engineering have formed a partnership to provide comprehensive civil, water, wastewater, stormwater, and hazardous waste engineering services at one location. 

shira and paul
Shira A. McWaters, P.E., Associate and Manager of Tata & Howard’s Flagstaff Office, and Paul W. Turner, P.E., President of Turner Engineering

FLAGSTAFF, AZ, May 8, 2014 – Tata & Howard, Inc., a leading innovator in water, wastewater, stormwater, and hazardous waste engineering solutions, and Turner Engineering, Inc., a professional civil engineering firm with extensive experience in Northern Arizona, announced today that they have formed a comprehensive partnership in order to provide the highest quality service to their Arizona clients.  Founded in 1992 in Marlborough, Massachusetts, Tata & Howard specializes in environmental engineering with targeted expertise in water, wastewater, stormwater, and hazardous waste services. Founded in 1986 in Flagstaff, Arizona, Turner Engineering brings over 28 years of successful experience in all aspects of civil engineering, including design, management, and permitting.
Tata & Howard, Inc., and Turner Engineering, Inc., both located at 528 West Aspen Avenue in Flagstaff, Arizona, are enthusiastic about the increased level of service and capability that they will bring to their clients. “TEI brings extensive civil engineering experience to the table such as site planning and design, land subdivision infrastructure, planning, and design, and extensive understanding of all local and governmental permitting processes, while Tata & Howard brings their comprehensive environmental engineering services including water and wastewater master planning, treatment, and design, stormwater management and compliance, new source development and permitting, hazardous waste services including due diligence and site assessments, hydraulic modeling and GIS, and pipe condition assessment” remarked Paul W. Turner, P.E., President of Turner Engineering. “Both firms have extensive experience with energy efficiency studies and low impact design, which is a must for the environmentally conscious Flagstaff area.”
“With this alliance, we will integrate our firms’ combined knowledge and expertise to provide a unified service to our clients under one effort,” added Shira A. McWaters, P.E., Associate and Manager of Tata & Howard’s Flagstaff location. “Together we will provide our clients the attentive service of a small firm with the capabilities and experience of a large firm.”
About Tata & Howard, Inc.
Founded in 1992, Tata & Howard, Inc. is a specialized water, wastewater, stormwater, and hazardous waste consulting engineering firm with offices in Massachusetts, New Hampshire, Connecticut, Maine, Vermont, and Arizona. Tata & Howard utilizes a team approach with clients to provide a full range of innovative engineering services, from concept to completion, including reports, design, construction administration, resident observation, and start-up. In addition, Tata & Howard has worked with all sized markets, both public and private, to provide effective, inventive solutions.  For more information, please visit tataandhoward.com.
About Turner Engineering, Inc.
TEIFounded in 1986, Turner Engineering, Inc. is a professional civil engineering firm specializing in developing sites with unique and sensitive design challenges. TEI focuses on exceptional client service and provides a wide range of civil engineering services to private, commercial, institutional, and governmental clients including civil site design, drainage design, master planning, subdivision development, and roadway design, and has full working knowledge of permitting processes of local governmental agencies, FEMA, and Army Corps of Engineering (404) analysis and permitting. For more information, please visit www.teiaz.com.
Contact:
Karen Gracey, P.E.
Tata & Howard, Inc.
508-303-9400 x120
kgracey@tatandhoward.com
tataandhoward.com

Joel Loitherstein has been promoted to Vice President at Tata & Howard, Inc.

JoelJoel brings almost 40 years of experience in the wastewater and hazardous waste fields. Since joining Tata & Howard in 2011, Joel has significantly contributed to the success of growing the firm\’s hazardous waste group and has worked on two major Brownfields sites in Quincy and Worcester.
Joel has also served as an expert witness on projects involving chlorinated solvents and polychlorinated biphenyls (PCBs). Joel has been involved with a variety of professional organizations including the American Council of Engineering Companies, National Association of Industrial and Office Properties, American Society of Civil Engineers, the Environmental League of Massachusetts, and is the Past Chair of the MetroWest Chamber of Commerce. He also received the prestigious Environmental Award from the Town of Arlington.

Joel Loitherstein has been promoted to Vice President at Tata & Howard, Inc.

JoelJoel brings almost 40 years of experience in the wastewater and hazardous waste fields. Since joining Tata & Howard in 2011, Joel has significantly contributed to the success of growing the firm\’s hazardous waste group and has worked on two major Brownfields sites in Quincy and Worcester.

Joel has also served as an expert witness on projects involving chlorinated solvents and polychlorinated biphenyls (PCBs). Joel has been involved with a variety of professional organizations including the American Council of Engineering Companies, National Association of Industrial and Office Properties, American Society of Civil Engineers, the Environmental League of Massachusetts, and is the Past Chair of the MetroWest Chamber of Commerce. He also received the prestigious Environmental Award from the Town of Arlington.