If A Retirement Plan Has A Model (i.e. sample) Order, Should I Use It?

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 & QDROS Of Troyan, Inc Associates Group 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 confirm the plan shall abide by the parties agreement."

Brett Disdale

Lead QDRO Consultant