Don't Let the QDRO Be Worse Than the Marriage

A QDRO is a court order that is used to assign retirement plan benefits to a third party; usually a former spouse.

In order for the QDRO to be processed correctly, a number of requirements must be satisfied. For example, the QDRO must appropriately identify the distributing retirement plan and the parties to the QDRO (i.e., the retirement plan participant and the “alternate payee”). The QDRO must also clearly articulate the dollar amount to be paid, or explain the formula that is to be used in determining the amount to be paid. April's Benefit Insights Newsletter explains the requirements of a Qualified Domestic Relations Order. Read the full newsletter: Don't Let the QDRO Be Worse Than the Marriage