Dividing the Enterprise Holdings Retirement Savings Plan in Divorce
If you’re going through a divorce and one or both spouses have a 401(k), dividing that retirement plan correctly is critical. When the retirement plan in question is the Enterprise Holdings Retirement Savings Plan, there are plan-specific procedures and federal laws that must be followed. For most couples, this means utilizing a Qualified Domestic Relations Order, or QDRO. This legal tool ensures the non-employee spouse (also called the “alternate payee”) receives their share of the retirement assets while retaining the tax-advantaged nature of the account.
Not all QDROs are the same, and not all 401(k) plans handle them in the same way. Let’s explore how to properly divide the Enterprise Holdings Retirement Savings Plan, sponsored by The crawford group, Inc., and ensure your order is accepted, enforceable, and meets your goals.
Plan-Specific Details for the Enterprise Holdings Retirement Savings Plan
Before you file a QDRO or negotiate a division, it’s important to have key plan information readily available. Here’s what we know about this plan:
- Plan Name: Enterprise Holdings Retirement Savings Plan
- Sponsor: The crawford group, Inc.
- Industry: General Business
- Organization Type: Corporation
- Address: 600 CORPORATE PARK DRIVE
- Plan Year: Unknown to Unknown
- Effective Date: Unknown
- Plan Number: Unknown
- EIN: Unknown
- Status: Active
This is a 401(k) plan, which means it typically includes participant contributions, employer matching (subject to vesting), loan provisions, and potentially both traditional and Roth contribution options. The lack of public details like Plan Number and EIN means participants will need to request an official plan statement or contact HR or the plan administrator to gather this key info before proceeding with a QDRO.
What Is a QDRO and Why You Need One
A Qualified Domestic Relations Order is a special court order used in divorce that allows retirement assets to be divided without early withdrawal penalties or immediate taxation. Without one, plan administrators can’t legally pay retirement benefits to anyone but the participant—even if your divorce judgment demands it.
For the Enterprise Holdings Retirement Savings Plan, the QDRO must follow the requirements of ERISA and the plan’s internal procedures. The administrator will not approve a QDRO that doesn’t meet their standards, which is why using a firm that handles QDROs from start to finish is so important.
Key Issues to Consider When Dividing a 401(k) Plan Like This One
Employee and Employer Contributions
A QDRO can divide just the contributions made during the marriage or the entire account balance. The non-employee spouse can be awarded a percentage or fixed dollar amount. But with plans like the Enterprise Holdings Retirement Savings Plan, make sure to confirm:
- Whether you’re dividing the balance as of a specific date (valuation date)
- Whether gains and losses are included after that date
- If employer contributions are vested or not—and how unvested amounts are treated
Vesting Schedules and Forfeitures
Many corporate 401(k) plans have vesting schedules for employer contributions. If a portion of the employer match is not vested at the time of divorce, that amount could be subject to forfeiture. A well-drafted QDRO should state what happens if funds are forfeited—for example, pro-rata reduction between spouses or full allocation to the employee spouse.
Loan Balances and Repayment
If the plan participant has an outstanding loan at the time of divorce, that reduces the available balance for division. The QDRO should clarify how loan amounts will be handled:
- Will the loan balance be excluded when calculating the alternate payee’s share?
- Will the loan be considered a marital debt?
- Will re-payment responsibility remain with the participant?
Traditional vs. Roth Accounts
The Enterprise Holdings Retirement Savings Plan may offer both Roth and traditional (pre-tax) contributions. These account types are subject to different tax rules, so it’s essential the QDRO distinguishes between them. Roth assets should go to a Roth rollover account, and traditional assets should go into a traditional retirement account to preserve tax treatment. Combining them or not clarifying the type can cause unnecessary penalties or taxable income.
Filing Process for a QDRO That Divides the Enterprise Holdings Retirement Savings Plan
Every plan has a unique procedure. For The crawford group, Inc., the internal review rules aren’t publicly posted, so you’ll need a QDRO expert familiar with plans like this one. Here’s a general roadmap:
- Get a copy of the plan’s QDRO procedures from HR or the plan administrator.
- Draft the QDRO using correct legal and benefit plan language.
- (Optional but recommended): Submit the draft QDRO to the plan for pre-approval.
- Have the court sign and enter the QDRO.
- Send the signed QDRO back to the plan for final approval and execution.
At PeacockQDROs, we’ve completed thousands of QDROs from start to finish. That means we don’t just draft the order and leave you to figure out the rest. We handle the drafting, preapproval (if applicable), court filing, submission, and follow-up with the plan administrator. That’s what sets us apart from firms that only prepare the document and hand it off to you.
Avoiding Common QDRO Mistakes
Many QDROs fail because they fall into common traps. For corporate 401(k) plans like the Enterprise Holdings Retirement Savings Plan, you’ll want to avoid:
- Failing to use the correct plan name
- Not distinguishing between Roth and traditional assets
- Ignoring outstanding loans or failing to allocate their effect
- Omitting a clear valuation date or failing to address gains/losses
- Using boilerplate language not tailored to this specific plan
These types of mistakes can delay the QDRO process or cause it to be rejected outright. To learn more, visit our page on common QDRO mistakes.
How Long Does the QDRO Process Take?
The timing depends on several factors including court schedules, availability of plan documents, and whether the QDRO is preapproved by the plan administrator. The Enterprise Holdings Retirement Savings Plan doesn’t list its processing times publicly, but you can review the five key timing factors here.
Why Choose PeacockQDROs?
We specialize in QDROs. We don’t dabble in family law or other areas. Our focus allows us to provide extreme attention to detail and fast results. Our firm maintains near-perfect reviews and prides itself on doing things the right way. If your case involves the Enterprise Holdings Retirement Savings Plan, partnering with us will make the process faster, easier, and more accurate.
We encourage you to start with our main QDRO resource center or contact us directly with your questions.
Final Thoughts
With so many moving pieces in divorces that involve retirement accounts, it’s easy to make costly errors. When you’re dividing a 401(k) like the Enterprise Holdings Retirement Savings Plan, you absolutely must follow proper QDRO procedures to protect both parties’ interests and comply with federal law. Getting it right the first time avoids delays, rejections, or worse—tax penalties and litigation down the road.
If your divorce was in California, New York, New Jersey, Connecticut, Kansas, Missouri, Iowa, or North Dakota, and you have questions about qualified domestic relations orders or dividing retirement assets like the Enterprise Holdings Retirement Savings Plan, contact PeacockQDROs. We specialize in QDROs and have successfully processed thousands of orders from start to finish.
Get the answers you need—explore our QDRO resources or reach out for personalized help if you’re in one of our service states.