padmin
Jun 18 2007, 10:09 AM
401k/PSP has terminated but a participant is under court order not to touch 401k( a qdro is anticipated). Does the plan sponsor have to hold off on distributing and delay the final distribution of assets?. The delay will cause a new plan year and the associated administration costs.
QDROphile
Jun 18 2007, 10:29 AM
No. By the way, the plan sponsor does not distribute plan assets in any event.
mjb
Jun 18 2007, 11:05 AM
employee can roll 401k distribution to an IRA and court can order division of IRA to spouse.
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