Qualified Domestic Relations Order


Also found in: Acronyms, Wikipedia.

Qualified Domestic Relations Order (QDRO)

A judgment, decree, or order that gives a pension plan participant access to retirement assets that must be used to pay an ex-spouse or dependent children.

Qualified Domestic Relations Order

In divorces, a court order giving one party a certain percentage of his/her ex-spouse's retirement plan. Usually, the courts split retirement plans in half through qualified domestic relations orders. The spouse receiving benefits from a retirement plan through a qualified domestic relations order becomes responsible for any taxes that would be due on his/her portion of the plan.
References in periodicals archive ?
17) This practice prohibited the ability of a small business owner to delay payment pursuant to a qualified domestic relations order without repercussions.
I]n most instances where there has been a reasonable good faith effort to prepare a qualified domestic relations order, the parties will attempt to correct any deficiencies in the order and resubmit a corrected order for the plan administrator to review.
Qualified domestic relations orders, as defined in IRC section 414(p) [IRC section 401(a)(13)(B), ERISA section 206(d)(3)]
Karem illustrates the problem that arises when a transfer from a qualified retirement plan is made pursuant to a divorce and there is no qualified domestic relations order (QDRO).
The ruling's example of "discrimination" in this area is a decision to spread the cost of qualified domestic relations order (QDRO) determinations over all accounts, instead of allocating them to the account to which the QDRO relates, immediately before an HCE'S divorce.
Additionally, the company provides benefits administration services with respect to benefits provided to active employees, including enrollment, eligibility verification, qualified domestic relations order ("QDRO") administration, HMO consolidation and pension services.
RETIREMENT PLAN ASSETS ARE MARITAL ASSETS subject to division in divorce or attachment for child support by a qualified domestic relations order.
A qualified domestic relations order (QDRO) is an order issued as part of a divorce proceeding that divides up retirement plan assets.
In that instance the firm recommended use of a qualified domestic relations order (QDRO) of the husband's interest in his retirement plan as collateral, which also collateralized his alimony obligation.
A blackout period does not include a suspension, limit or restriction (1) due to the application of the securities laws, (2) regularly scheduled to occur and already disclosed to participants or (3) pursuant to a qualified domestic relations order.
For IRA or qualified plan transfers, a Court-issued qualified domestic relations order (QDRO) can override the assignment of income doctrine.
1999-289), he argued that the divorce judgment was a qualified domestic relations order (QDRO), as defined in IRC section 414(p), because the Family Court had in effect ordered him to make the withdrawal.
Full browser ?