Tag Archives: QDRO

The Government Accountability Officer (GAO) Report GAO-20-541 Finds Room for Improvement for Dividing Retirement Funds Due to Divorce- QDRO

On August 28, 2020 the Government Accountability Office (GAO) announced it had done a study surrounding improving the communication on how retirement funds are divided up in retirement resulting from a divorce and submitted it to the Department of Labor (DOL). The notice number is GAO-20-541 and is titled “DOL Could Better Inform Divorcing Parties […]

Splitting Solo 401k Plans at Divorce (QDRO) & Court Cases

Qualified plans  such as a solo 401k are split according to Qualified Domestic Relations Orders (QDROs). The QDRO must be signed by the court and approved by the company plan administrator.  It requires part or all of the plan benefits to be paid to an alternate payee who is usually the former spouse, but can […]