What’s a QDRO and what does it mean for my 401(k)?

QDRO stands for Qualified Domestic Relations Order. According to the Department of Labor, a QDRO recognizes a spouse’s, former spouse’s, child’s or dependent’s right to receive benefits from a participant’s retirement plan. A domestic relations order is a document typically approved by a court judge stating how an account must be split or reassigned, and is required to begin the QDRO process.

Please contact your employer to find out more about the process of reassigning part or all of your benefit with a court order.