Question

9. To split the money in a retirement account in a divorce, a court order that...

9. To split the money in a retirement account in a divorce, a court order that clearly specifies the amount of the participant’s benefits that the plan administrator must pay to the former spouse or child is called

a. qualified divorce request order

b. qualified domestic relations order

c. qualified joint and survivor annuity

d. qualified pre-retirement survivor annuity

Please explain answer, thank you!

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Answer #1

The answer is b. qualified domestic relations order

Explanation:

  • A QDRO is a court order used to divide retirement plans
  • As per Internal Revenue Service  QDRO is “a judgment, decree, or order for a retirement plan to pay child support, alimony, or marital property rights to a spouse, former spouse, child, or other dependents of a [retirement plan] participant.”
  • The QDRO is then submitted directly to the former spouse’s retirement plan administrator.
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