Picture this: you’re sitting in your seventh grade classroom and your teacher asks “can someone give me an example of a multinational bank?”  One of your classmates responds in a stage whisper “a piggy bank!”  The entire class erupts into laughter, but your teacher isn’t amused and demands to know the culprit.  No one owns up, and, in fact, some of your classmates are still laughing, so the teacher issues a whole class detention for that same afternoon.  This is upsetting to you because you totally had plans to [insert generationally appropriate pastime here] after school.
Continue Reading One Bad Apple Won’t Spoil the Whole Bunch? Proposed IRS Regulations Provide an Exception to the Unified Plan Rule for Multiple Employer Defined Contribution Plans