Step 1 – Contact us
Let us know you’ll be getting a QDRO. We’ll place a hold on the Participant’s Plan account that prevents distributions (other than stock dividends). You can send us an email (be sure we’ve sent you a confirmation of receipt) or write to us at: [address].
Step 2 – Draft a domestic relations order
- Option A: Complete the Plan’s sample order
Click here to download the Plan’s sample order.
- Option B: Draft your own order
If you don’t want to use the Plan’s sample and would like to be sure that your order will be approved by the Plan, you can submit your draft to the Plan for review. The Participant must complete the Plan’s authorization form before the draft order can be reviewed.
Step 3 – Submit the order to the court
Present the order to the court.
Step 4 – Submit the order to the Plan
Once the court approves and signs the order, send us a copy. Make sure the order has a stamp showing it’s been filed with the court.
Step 5 – We’ll review the order
We’ll review the order to see if it meets the requirements of a QDRO. This usually takes 4 weeks, but can take longer. We’ll make a preliminary determination of whether the order is a QDRO and send a letter to the parties giving them 30 days to object. If no objection is received within 30 days, the preliminary determination will become final. Objections must be made in writing.
Step 6 – Benefits will be transferred
If there is a final determination that the order is a QDRO, the funds awarded in the order will be transferred to a Plan account for the Alternate Payee. This process—called “segregation”—usually takes 2 weeks.