The whole splitter business shouldn't even be necessary -- if I understand your original request, the features you describe are native. (this demo uses LabVIEW2012 12.0.1F1 32-bit)
Inspect settings on the two VIs attached (Container.vi and Containee.vi -- save them in the same directory) and check the 25sec screencast below to see if it demonstrates the behavior you're trying to achieve:
http://screencast.com/t/84aalWkNw
Containee.vi
Container.vi