伍德拉夫家庭法律组织

了解QDRO过程

This information introduces you to the Qualified Domestic Relations Orders (QDROs) process. The QDRO process can be a time-consuming ordeal requiring numerous drafts of the Domestic Relations Order (DRO) to be acceptable to the 计划管理员. 
 
什么是QDRO? 
 
A Qualified Domestic Relations Order, or QDRO, is a Court order that has been Qualified by the 计划管理员.  QDRO is used to divide qualified retirement plan assets in a divorce with no tax consequences to the parties involved. ira不使用DRO或QDRO. IRAs may only require forms supplied by the investment brokerage house. 
 
QDRO工艺/IRA工艺 
 
 After completing your property settlement via either Agreement or Order, a DRO or other domestic relations Order or IRA order/forms will be drafted according to the provisions stated in your property settlement agreement or Court Order 和 consistent with the requirements of a Plan or brokerage house (such as Fidelity). 
 
 To properly draft the DRO or other domestic relations order, information needs to be provided to the drafting attorney. 所需的信息包括, 但不一定局限于, the latest account statement 和 any “model QDRO language” provided by the Plan. 
 
 每个计划都是不同的, 和 each Plan requires specific language that meets the specifications of that particular 计划管理员. “模型QDRO语言”可能是有益的. Different 计划管理员s can interpret identical DRO provisions in different ways. For example, a DRO that may be acceptable to Merrill Lynch may not be acceptable to Fidelity.  
 
 We sometimes send domestic relations orders to the 计划管理员 for 预先批准 然后让你签署DRO. 在预先批准的过程中, the 计划管理员 reviews the proposed DRO to determine whether it will be acceptable as a valid QDRO or whether the Plan will require revisions before qualifying the Order. The pre-approval process can take the reviewer anywhere from a couple of weeks to several months to complete. Please note that it is not unusual for the 计划管理员 to reject the first 和 occasionally second drafts submitted to them. Not all 计划管理员s will pre-approve; there are other reasons not to seek pre-approval as well. 
 
 After receiving the pre-approval of the DRO, the Order is ready to be executed. Upon the signatures of all the parties 和 the presiding Judge 和 entry by the Court, a certified copy is sent to the 计划管理员. 
 
 Upon submission of the certified copy of the DRO to the 计划管理员, the 计划管理员 has up to 180 days under federal law to determine whether the Order should be “qualified.” This time may be shortened when the Order is submitted with the pre-approval letter. 
 
一旦订单被认证为QDRO, the 计划管理员 will probably segregate the amount designated in the QDRO into a separate account for the Alternate Payee (person receiving the funds).  
 
以避免对奖金征税, the alternate payee must transfer the funds into an appropriate IRA account in a custodian to custodian transfer. The alternate payee will be responsible for any taxes, 包括提前退出的惩罚, when the funds are withdrawn from the account. There are special rules in 401(k) Plans for taking a withdrawal without penalties, which you can discuss with your attorney if you are interested.