HUMAN RESOURCES

Benefit Plan Compliance: Section 89

Survey of CEOs asking whether the documentation for their benefit plans are in compliance with Section 89.
Advertisement

APRIL 1989

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

Last updated: Apr 1, 1989




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: