What are the actual steps involved in getting a QDRO?

Step 1: Gather basic information about your retirement plans.

Create a list of all retirement accounts that you and your ex-spouse have? If you aren’t sure, create a list of all employers where you and your ex-spouse worked during your marriage. If you don’t know, or aren’t sure you have the complete picture, QDROCounsel can help you figure it out with its database of employers and the retirement plans.

Step 2: Drafting the QDRO

Your QDRO will be drafted based on information provided, and plan rules and the law. Many plans will take a look at your QDRO to make sure it meets their requirements before you file it with the court. QDROCounsel can either help you get preapproval or provide instructions on how to get preapproval for your particular plan.

Step 3: Review your QDRO and ask any final questions.

If you have questions about your QDRO sign up for a QDRO Expert Conference Call with QDROCounsel.

Step 4: File the paperwork.

You can file your own QDRO with QDROCounsel. We provide detailed instructions on filing the QDRO and sending it to your retirement plan. QDROCounsel can also file your QDRO and send it to the plan for you.

And that’s it – you’re done!