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We have considerable experience in
drafting QDROs for attorneys and their clients. We prepare QDROs for all
types of defined contribution plans and most defined benefit plans
(pensions).
Our process for drafting QDROs is:
- having the attorney or client provide the information we need
- obtaining a copy of the decree or separation agreement, a copy
of a recent statement, and a copy of the summary plan description.
Sometimes a release for information is needed to obtain the information
from the plan administrator directly.
- obtaining clarifying information from the attorneys, as many
times all the areas which need agreement have not been specified in the
separation agreement or court order (we urge attorneys to contact
us before they have finalized the separation agreement so that all
terms can be included in the SA)
- drafting the QDRO
- send draft to attorneys for their review
- send draft qdro to plan administrator for review
- send the plan-approved QDRO to the attorneys for filing with the
Court
- Once the Court has signed the QDRO, it is the responsibiity of
the client to send the signed QDRO to the Plan Administrator for
implementation.
Fees
We charge a flat fee for QDRO drafting, payable at the time
of engagement.
- Defined Contribution Plans $350
- Defined Benefit Plans $500
- PERA DROs: special combined rate
of $350 for all the Participant's PERA plans
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