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What is a QDRO? Answer: QDRO stands for "Qualified Domestic Relations Order," which is what you call the order made by the court to a retirement plan telling the plan administrator it to follow the terms of your divorce settlement. It is very important to have a QDRO whenever you divide a community interest in any 401k. If you don't get a QDRO, the plan administrator is not required to follow the terms of your divorce settlement. This is for educational purposes only. The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan. |
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