Mechanics of DB Plan QDROs Differ from Those for DC Plans

By Lisa Loesel on February 4, 2020

Posted In Employee Benefits, Retirement Plans

There are requirements for a qualified domestic relations order (QDRO) that apply whether the QDRO is for splitting up defined contribution (DC) plan assets or defined benefit (DB) plan assets, notes McDermott’s Lisa K. Loesel.

However, the mechanics of setting up QDROs vary between DC and DB plans. Read on to discover the different paths for getting the right benefits to the right people when a plan participant divorces.

Access the full article.

Originally published on PLANSPONSOR, January 2020

Tags: defined benefit plan, defined contribution plan, divorce, DOL, DRO, QDRO, qualified domestic relations order, Retirement, state domestic relations order

Lisa Loesel
Lisa Loesel focuses her practice on employee benefits matters, including the design, amendment and administration of pension and 401(k) plans, nonqualified deferred compensation arrangements, and employee stock ownership plans. She counsels privately and publicly held corporations regarding the employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. She also advises clients regarding fiduciary and plan investment issues under the Employee Retirement Income Security Act of 1974 (ERISA). Lisa also has experience counseling plan fiduciaries with respect to the claims and appeals procedures under ERISA. Read Lisa Loesel's full bio.

Mechanics of DB Plan QDROs Differ from Those for DC Plans

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