Survey of CEOs asking whether the documentation for their benefit plans are in compliance with Section 89.
Does the documentation for your benefits plan comply with Section 89 qualification requirements? This is what surveyed employers believe:
Some plans not in compliance 25%
All plans in compliance 21
Don't know 54
Unless your benefit plans are in compliance with Section 89 requirements, all employees may suffer significant tax penalties on benefit payments. Yet more than half of surveyed employers didn't know if their documentation would suffice.
Source: Foster Higgins, Survey on Section 89 Non-discrimination Requirements, 1988