Federal Register - October 29, 2021
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Source: Federal Register
60154
Federal Register / Vol. 86, No. 207 / Friday, October 29, 2021 / Rules and Regulations
Table 10
NAICS 722515 - Snack and Nonalcoholic Beverage Bars Number of Finns
Number of Finns as Percent of Small Total Number Finns of Employees in Industrv
Annual Receipts
First First Year Average Year Cost per Finn Receipts per Cost per as Percent of Finn Finn Receints
Firms with 0-4
12,657
43.6%
16,075
$2,029,785,000
$160,369
$478
employees Firms with 5-9
21.3%
42,046
$3,772,007,000
$610,752
$478
6,176
employees Firms with 10-19
6,291
21.7%
83,512
$3,772,007,000
$599,588
$478
employees Firms with <20
25,124
86.6%
141,633
$7,833,377,000
$311,789
$478
employees Firms with 20-99
3,528
12.2%
107,810
$5,072,661,000 $1,437,829
$478
employees Firms with 100-499
362
1.2%
37,996
$2,070,085,000 $5,718,467
$478
employees Firms with <500
29,021
100.0%
287,716
$14,984,672,000
$516,339
$478
employees Firms with >500
343
1.2%
164,169
$10,774,588,000 $31,412,793
$478
employees Source: U.S. Census Bureau Statistics of U.S. Businesses, 2017 SUSB Annual Data Tables by Establishment Industry
0.30%
0.08%
0.08%
0.15%
0.03%
0.01%
0.09%
0.00%
Table 11
NAICS 812113 - Nail Salons First First Year Average Year Cost per Finn Receipts per Cost per as Percent of Finn Finn Receints
Firms with 0-4
74.7%
9,688
16,512
$2,059,539,000
$212,587
$478
employees Firms with 5-9
18.9%
2,455
15,647
$448,685,000
$182,764
$478
employees Firms with 10-19
5.4%
701
8,883
$448,685,000
$640,064
$478
employees Firms with <20
99.1%
12,858
41,188
$3,395,814,000
$264,101
$478
employees Firms with 20-99
0.7%
2,367
$119,640,000
$1,259,368
$478
95
employees Firms with 100-499
$478
0.0%
0
0
$0
$0
employees Firms with <500
12,970
100.0%
44,111
$3,532,063,000
$272,326
$478
employees Firms with >500
$478
0.0%
0
0
$0
$0
employees Source: U.S. Census Bureau Statistics of U.S. Businesses, 2017 SUSB Annual Data Tables by Establishment Industry
khammond on DSKJM1Z7X2PROD with RULES2
BILLING CODE 451027C
As shown in the tables above, costs for small business entities in these industries are never more than 0.3
percent of annual receipts. Therefore, this rule will not have a significant economic impact on a substantial number of small entities.
In their comment, SBA Advocacy noted that it was concerned about DOLs certification that the rule will not have a significant economic impact on a
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18:37 Oct 28, 2021
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substantial number of small entities, saying, DOL improperly certified this proposed rule because it omitted some and underestimated other compliance costs of this rule for small employers.
As discussed in the regulatory impact analysis above, the Department believes that the change and clarifications put forth in this final rule will help mitigate commenters concerns about compliance costs. Additionally, the minute-to-minute tracking discussed by
PO 00000
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0.22%
0.26%
0.07%
0.18%
0.04%
0.00%
0.18%
0.00%
commenters is not required by the rule, and will also not be necessary to comply with the rule. Lastly, employers would already have been monitoring employees work to some extent under the prior guidance, so the management cost calculation should only take into account the change from that guidance to the current rule. For these reasons, the Department has not adjusted its cost estimates in this final rule.
E:FRFM29OCR2.SGM
29OCR2
ER29OC21.008
Annual Receipts
ER29OC21.007
Number of Finns as Number Percent of Small Total Number of Finns Finns of Employees in lndustrv
