IRS Regulation Aims to Undo the ‘One Bad Apple’ Rule
By: L. Stephen Bowers
Employee Benefit News
9.20.19
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.
This correspondence should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only and you are urged to consult a lawyer concerning your own situation and legal questions.