How do I know if I qualify as a small employer?

An employer that satisfies the requirements of either part one or part two of the definition below is a small employer in New Jersey. "Small employer" means: Any person, firm, corporation, partnership, or political subdivision that is actively engaged in business that employed an average of at least one but not more than 50 eligible employees on business days during the preceding calendar year and who employs at least one eligible employee on the first day of the plan year;

or

An employer with a business location in the state of New Jersey who employed an average of at least one but not more than 50 employees on business days during the preceding calendar year; and who employs at least one employee on the first day of the plan year. With respect to parts one and two of the definition above, any person treated as a single employer under subsection (b), (c), (m) or (o) of section 414 of the Internal Revenue Code of 1986 (26 U.S.C. 414) shall be treated as one employer.

Note the emphasis to eligible employees in part one of the definition and to employees in part two of the definition.

Terms & Conditions | Copyright © 2016 Benefits Network Inc. t/a Benefit Solutions 271 Route 46 West Suite F-109, Fairfield N.J. 07004 | info@Benefitsolutions.com | 1-800-57-BENEFIT (1-800-572-3633)