iQDRO
The Difference Between Instant QDRO and Traditional Filing
Explore the differences between the traditional QDRO approach and the innovative Instant QDRO solution, which leverages pre-approved templates to save time and reduce stress.
We’ve compiled a database of thousands of plan forms that are eligible for Instant QDRO generation, with pre-approval by their respective Plan Administrators. This helps expedite your QDRO process, and allows for easy, online QDRO drafting.
Once you find your pre-approved plan’s QDRO form in our database, double check the QDRO form is an exact match with your plan’s name. Proceed to add it to your cart and complete your purchase. Check your provided email for instructions on how to finish setting up your account and get started filling out your form.
From your account dashboard, select your plan’s QDRO secure form. Fill in your information to complete, and select “download” when finished. You may re-download your draft from your dashboard at any time.
Because the plan forms in our database are pre-approved by the plan administrators, Instant QDRO enables you to bypass the long waiting periods of review and revision, skipping to court submission after drafting.
Although we are constantly adding plan forms to our Instant QDRO database, some retirement plans will require traditional drafting. If your plan is not yet in our database, or you simply want extra support, we’ve got you covered. We partner with QDRO specialists to help you draft your QDRO traditionally.
To make the process of filling out your QDRO as smooth as possible, it’s important to have all the necessary information and documents on hand. Most QDROs require personal information for both parties, retirement plan details, divorce decree or settlement agreement, details on how benefits will be divided, and information on payment timing and terms. Read more in our QDRO Preparation and Checklist guide.
Although we are constantly adding plans to our Instant QDRO database, some plans will require traditional filing. We partner with QDRO specialists to help you draft your QDRO traditionally. Connect with a specialist here.
Once the QDRO is drafted, it must be submitted to the court for approval. The court reviews the document to ensure it complies with the terms of the divorce settlement and applicable legal requirements. Once approved, the court will issue the QDRO as an official court order.
After receiving court approval, the next step is submitting a certified copy of the QDRO to your retirement plan administrator. The plan administrator will review the QDRO to make sure it meets the retirement plan’s rules and federal guidelines. If approved, the retirement benefits can be divided and distributed according to the terms specified in the document. Learn more about the QDRO Process here.
Explore the differences between the traditional QDRO approach and the innovative Instant QDRO solution, which leverages pre-approved templates to save time and reduce stress.
Not all retirement plans use the same QDRO format, which means selecting the correct form is crucial. If you’re using Instant QDRO to purchase a customizable QDRO draft, follow these steps to ensure you’re getting the right plan form.
You still have work to do after your QDRO is drafted. To ensure the QDRO is properly executed and the benefits are distributed as intended, follow these essential next steps.