PRafferty
May 22 2002, 01:22 PM
We recently received a QDRO for a participant in a profit sharing plan. Over the years, the participant received forfeitures that we re-allocated within the years of marriage. Would the alternate payee be entitled to a part of the forfeiture money as well? I have included them in a seperate account for the alternate payee but the trustee recently questioned whether they should receive it. Any help is very much appreciated!
R. Butler
May 22 2002, 02:01 PM
Most likely.
The QDRO generally specifies that the alternate payee is entitled to a specified dollar amount or a percentage of the total account balance as of a given date. That account balance includes those reallocated forfeitures.
PRafferty
May 22 2002, 02:07 PM
Thank you very much. That's what I thought but I wanted to make sure I was right.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please
click here.