Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, December 25, 2020

The GAO Reviews QDROs

The Government Accountability Office (GAO) prepared a report for the Ranking Member of the Senate Committee on Health, Education, Labor, and Pensions about Qualified Domestic Relations Orders (QDROs). The report on QDROs was prepared in July 2020. 

"QDROs are court-issued orders that allow a divorced spouse (or in rare cases a child) to receive a portion of a participant’s qualified retirement plan benefit. A QDRO is one of the few ways in which a participant’s qualified retirement benefit can be assigned or alienated." 

The report contained two key findings to encourage the Department of Labor to: 

 

  • Find ways to collect data on the fees that defined contribution plans charge to participants or alternate payees for reviewing QDROs
  • Improve divorcing parties’ access to information about the QDRO process.

 

It may be necessary for you to review your current plan to see what the current fee your plan charges for a QDRO. 

See The GAO Reviews QDROs, Faegre Drinker, November 12, 2020. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2020/12/the-gao-reviews-qdros.html

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