January 20, 2001
Increasing the Small Plan Formation: A Blueprint for Congressional Action for the Next Five Years
- January 20, 2001
- Publication: New York University
- Related Attorneys: Paula Calimafde, Deborah Cohn
- Related Practice Areas: Employee Benefits, Retirement Plans
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.
July 10, 2020
Cristen Rose and Robert Shulman Published an Article On The Connection Between Climate Change Nuisance Suits and Insurance Recovery on Bloomberg Law
Cristen Rose and Robert Shulman published an article titled "INSIGHT: Connecting Climate Change Nuisance Suits to Insurance Recovery" on Bloomberg Law on July 6, 2020.Read More
The COVID-19 pandemic has disrupted “business as usual” in many ways. People and businesses have been focusing on safety measures and efforts to maintain financial...Read More