Can a single QDRO cover more than one retirement plan?
Robert G. Hetsler, Jr. J.D. CPA
![Robert G. Hetsler, Jr. J.D. CPA]()
Robert G. Hetsler, Jr. J.D. CPA
Inspirational Leader, Spiritual Warrior, Life & Business Strategist, Author, Entrepreneur Talks about #Overcoming Adversity, #Leadership through Inspiration, #Belief System, #Success #Importance of Progress
This is a question I am asked often, and it is perfectly understandable. QDROs cost money to prepare, that is pretty obvious. And in divorces where more than one retirement plan needs to be divided, the parties might wonder if they can save some money by using a single document to divide them all.
The good news is that ERISA rules do not prohibit the division of multiple retirement accounts with a single QDRO. The only requirement is that each plan and the assignment of benefit rights under each plan must be clearly specified in the single QDRO.
You can check out ERISA § 206(d)(3)(C)(iv) and IRC § 414(p)(2)(D) for the legalese.
To learn more about QDROs or the many related services we provide, please visit our website.
Senior RIA Compliance Officer at RIA/Broker Dealer
8 年Great article! This question comes up a lot in conversations. Thank you.