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Welcome to the Executives Association of Long Beach Member Directory

The long standing slogan of the association has been "Business is our Business". The Executives Association of Long Beach (EALB) was founded in 1922. It is an association of Long Beach business executives, each of whom represents his or her respective firm at the management level.

The Long Beach Executives Association is a member of the International Executives Association, a worldwide group of similar associations. It is not a service club, a social group or fraternal order. The EALB is a networking group for business owners and high level executives. It has but one unique objective: to capture the natural bond of common interest which exists between business executives and by regular weekly meetings, develop and enjoy a brand of fellowship conducive to the creation of additional and profitable business for all its members.

It does not require its members to patronize each other, but it does provide opportunities for each member to promote their products or services and it can open doors that otherwise are closed to desired business. Members of the EALB often consider the association as an extension of their own business or profession.

MEETING INFORMATION:

Location: The Grand

Day: Monday

Time: 12pm - 1:15pm

Visitors please contact us to be our guest.

 

Alex Froloff | May 13, 2019

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On Monday, May 13th the Executives Association of Long Beach met for their weekly luncheon to hear from guest speaker Alex Froloff. 

On Monday, we had a guest speaker, Alex Froloff. Alex is a director of retirement services at Principal Financial Group. Alex specializes in helping small businesses find individual retirement plans for their employees and owners.

Alex gave insight into how small businesses can put away money for their employees and themselves through 401k and profit sharing. When employers start setting up 401ks for their companies they are able to figure out how they can invest into the 401k for their employees and it could also be tax deductible. Instead of claiming what your company made, you can put some of it into a 401k for your employees. If you match your employee contributions it is tax free and will continue to grow tax free. Additionally, for your kids you can create a Roth IRA and you can have them as an employee or they can be self-employed. You can invest in your child’s Roth and it will be a tax deduction for you and the child’s earnings with from tax free. The withdrawals can be tax free as well.

Alex and Principal Financial Group work with Michael Shafer and Edward Jones. If you have any questions on how your company can invest in your employees retirement, as well as your own, don’t hesitate to contact Michael.  

 

Next Meeting: 

Next Monday we are Dave Sakamoto of F&M Bank is hosting our quarterly showcase at 530pm.  

Announcements:

Remember to invite guests to keep our membership continually growing! 

1st Classification Postings:

N/A

2nd Classification Postings:

N/A

Membership Postings:

N/A

Welcome New Members:

Please welcome Peter Godden of Envy Electric under the classification of Electrician 

Other Membership News: 

 

 

Classification of the Month:

N/A

 

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Board Meeting Minutes: 

                                                             Executives Association of Long Beach

May Meeting Agenda

May 13th, 2019 – 11:30 am

                                   Location: The Grand

 

11:30 AM   J. Sawday                                                           ROLL CALL

PRESENT: _x__J. Sawday (P) __x_ J. Beeler (VP) _x__ E. Speier (S/T)
_x_ V. Bunting  x__T. Di Leo  _x_E. Riley          H. Desh   _x__ K. Gragson (PP)

Others: S. Caudillo (Executive Director) _x__

11:35 AM   J. Sawday                                                                   MINUTES

·   Motion to approve minutes from April 2019 Board Meeting?

·   Motion:   V. Bunting    2nd:  E. Speier   Discussion. All in favor? 6  Any Opposed? 0 Motion Passes

11:40 AM   E. Speier                                                                     FINANCIAL REPORTS

·   Motion to receive and file the financial reports for April 2019?

·   Motion:  E. Speier   2nd:  J. Sawday    Discussion. All in favor? 6  Any Opposed? 0 Motion Passes

                                 

11:45 AM   J. Beeler                                                                      MEMBERSHIP  

·   No new memberships at this time

·   Since Corey Vane has left A-Throne and has started his own company he has asked to wait till this month to see if will be able to come back. We have not received a response from for A-Throne in keeping their membership. If they choose not to Corey has shown interest in staying with the Execs. There is nothing in the bylaws that state there is not a minimum for businesses to be open.

·   If A-Throne declines membership. It would be acceptable within the bylaws to invite Corey back to take back the classification of temporary fencing rentals

Motion to accept Corey Vane’s new company if A-Throne declines membership.

·   Motion: No Motion  Discussion. All in favor?  Any Opposed?

  

11:50 AM   J. Beeler / Eric Speier                                              BUSINESS PROMOTION 

·   Update on Mixer

·   Will be October 24th

·   Speaker suggestion topic, decluttering your business

·   History behind the mixer

·   Follow-up and Feed back

·   Next meeting tbd

 

11:55 AM    J. Sawday / S. Caudillo                  OLD & NEW BUSINESS

·   Corey Vane position on the Board has been vacated due to him leaving A-Throne. After an extensive search Heather Desh has agreed to accept the position. Thank you Heather.

·   Motion to accept Heather on the Board of Directors

·   Motion: T. DiLeo 2nd E. Riley Discussion. All in favor? 7 Any Opposed? 0 Motion Passes

·   Hosting a summer mixer. Maybe on Larry Boren’s boat or at Jennifer’s home

·   More informal get togethers during the summer

 

 

12:00 PM   J. Sawday                                 GOOD OF THE ASSOCIATION

 

·   Comments from each member on their current evaluation of the state of the EALB.

·   The Next Board meeting is June 10th at 11:30 at The Grand.

 

12:05 PM       J. Sawday                                        ADJOURN

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