Qualified Domestic
Relations Orders
Defined Contribution Plans
A Defined Contribution Plan is actually a lump sum of
dollars invested in stocks, bonds, mutual funds, CD's or any
investment product. These funds are part of qualified plans like
tax sheltered annuities, profit sharing, 401K, employee stock
ownership plan, SEP, or IRA.
These funds can be distributed to the Alternate Payee in a lump
sum by a QDRO. If the Alternate Payee takes the money prior to
age 59½ in a lump sun, the Alternate Payee could pay up to 50% in
taxes and penalties.
How The QDRO Is Written:
We draft the QDRO for
$200.00 - attorneys, $300 - non-attorneys.
Corrections are made by LVSS free of charge.
After
approval by the Plan Administrator the order is signed and
certified by the court and sent to the Plan Administrator.
FOR QDRO
APPLICATION CLICK HERE.
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