If A Retirement Plan Has A Model (i.e. sample) Order, Should I Use It?
Posted on Feb 4, 2014 5:56am PST
Q. Kira F. of Iowa wants to know: If a Retirement Plan Has a Model (i.e. sample) Order, Should I Use It?
A. Brett, from the QDRO Department of Pension Evaluators®at Troyan, Inc.®writes: "It depends on whether the model order protects both the alternate payee’s and participant’s interests. Since most model orders don’t contain clear, thorough, or fair provisions which protect both the alternate payee’s and participant’s interests, we don’t typically use them unless the plan administrator specifically mandates such usage. In this case we still apply our legendary guidance through qualification process and conform the plan shall abide by the parties agreement."
Brett Disdale
Lead QDRO Consultant
DISCLAIMER: Any legal information on this blog has been prepared by Troyan from informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Note that sending an e-mail to Troyan does not create an attorney-client relationship, and none will be formed unless there is an agreement between the firm and the individual.