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February 16, 2009

Multiple-employer plan

Your Guide

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Definition

A qualified plan that benefits employees of more than one employer , providing those employees are not included in a unit of employees covered by one or more collective bargaining agreements.

  • The minimum participant standards is applied as if all employees of each of the employers were employed by a single employer.
  • The minimum vesting standards and the benefit accrual requirements is applied as if all such employers constituted a single employer, except that the application of any rules with respect to breaks in service shall be made under regulations prescribed by the Secretary.
  • The minimum funding standard provided by the minimum funding standards is determined as if all participants in the plan were employed by a single employer

Referring Cite

IRC § 1060, 29 CFR 2530.210

Additional Helpful Information

  • Not be confused with a multiemployer plan

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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