Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Pension Plan Administrator

DeMars Pension Consulting Services, Inc.
(Overland Park KS)

DeMars Pension Consulting Services, Inc. logo

Plan Administrator

BlueStar Retirement Services, INC.
(Telecommute / Jacksonville FL)

BlueStar Retirement Services, INC. logo

Plan Compliance Analyst

Retirement Planners & Administrators
(Telecommute / Falls Church VA)

Retirement Planners & Administrators logo

Director of Business Development

ERISA Pros, LLC
(Atlanta GA)

ERISA Pros, LLC logo

Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Telecommute / Philadelphia PA)

The MandMarblestone Group, llc logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Telecommute)

Loren D. Stark Company (LDSCO) logo

Retirement Plan Consultant

Definiti
(Telecommute / Dallas TX / University Place WA / The Woodlands TX)

Definiti logo

Retirement Plan Consultant

DWC - The 401(k) Experts
(Telecommute)

DWC - The 401(k) Experts logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists
(Telecommute)

Cetera Retirement Plan Specialists logo

401(k) Client Support Specialist

401K Generation
(Altamonte Springs FL)

401K Generation logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Dividing Benefits Earned During Marriage
BenefitsLink Message Boards Link to more items from this source
Oct. 28, 2019

"A couple married on September 7, 2007 and divorced on July 16, 2019. The plan is a cash balance plan.. The Judgment of Divorce awards the Alternate payee 50% of the Participant's vested account balance under the plan earned during the marraige. I drafted the QDRO accordingly. The plan administrator denied preapproval of the QDRO, stating that a single valuation date is required. To be fair, the QDRO quidelines state as much. However, since this a common J of D provision, I have used the above language successfully with other plan administrators. I have researched alternative formulas like: Value on date of divorce x months a participant while married/total months a participant x 50% = award to Alternate Payee. Does anyone have a better idea?"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.