News & Events

January 20, 2001

Increasing the Small Plan Formation: A Blueprint for Congressional Action for the Next Five Years

Congress recognizes the immediate need for a larger percentage of small businesses to offer qualified retirement plans.

Congress recognizes the immediate need for a larger percentage of small businesses to offer qualified retirement plans. Coverage of employees who work for small business lags far below that of employees of larger entities. This is true even though many of these employees work full time. According to the Small Business Administration (SBA), in 1997 small businesses represented over 99% of all employers, created nearly all of the new net jobs and accounted for 51% of the private sector output. Further, the SBA estimates that small businesses employ 53% of the private sector workforce. Yet fewer than half  of the employees working for a small business have access to a retirement plan, and as the size of the business decreases, the coverage figures decrease correspondingly. It is estimated that less than one-third of employees working for firms with between 25-99 people are covered. In comparison, 80% of employees working for firms with over 100 employees are covered by a retirement plan. 

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November 14, 2019

Paley Rothman Earns National and Local Honors in U.S. News “Best Law Firms” 2020 Rankings

For the eighth year in a row, Paley Rothman earned national and local honors in US News-Best Lawyers 2020 “Best Law Firms” rankings.

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Blog

Starting in 2020, All Wages to Tipped Workers in D.C. Must Go Through Payroll Vendors

Starting in 2020, all DC companies who employ tipped workers will be required to have their payroll processed (and reported to the government) by third-party vendors, to meet...

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Resource Center

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.

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