From the
--glm documentation:
(G is the predictor matrix in the regression)
"for multiallelic variants, G normally contains one column for each nonmajor[2] allele. 'omit-ref' changes this to one column for each ALT allele.
If some but not all of these allele columns are constant, the constant columns are omitted. (Before 20 Mar 2020, the entire variant was skipped in this case.)
For each such variant, the main report normally contains one line for each nonmajor allele"
In other words, with Plink 2.0, additional minor alleles are effectively included as additional covariates in each regression. If you split the variants first, they are just treated like copies of the major allele.