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IRS Clarifies Exception To The “One Bad Apple” Rule For MEPs | TaxConnections IRS Clarifies Exception To The “One Bad Apple” Rule For MEPs
The IRS proposed a new rule implementing the SECURE Act exception to the one bad apple rule—also known as the unified plan rule. Under the proposed rule, the MEP must describe the procedures the plan will follow if one participant fails to satisfy the qualification rules. Those procedures must outline the notices that will be IRS Clarifies Exception To The “One Bad Apple” Rule For MEPs