IRS Regulation Aims to Undo the ‘One Bad Apple’ Rule
A pair of recent regulations may create new opportunities for smaller employers to provide cost-effective retirement benefits for their employees.
The Department of Labor and the Internal Revenue Service have joint authority to govern and regulate the operation and administration of employer-sponsored retirement plans. Following a policy trend established by the Trump administration via Executive Order, each agency has issued regulations intended to encourage the creation of and participation in multiple employer retirement plans.
Counsel Stephen Bowers provides insight on the potential impact of the new regulations on multiple employer retirement plans here.