Understanding Your Rights in Divorce: The Importance of QDROs for 401(k) Plans
Dividing retirement assets during divorce isn’t just about doing the math. If you’re dealing with the Verizon Savings Security Plan for Mid-atlantic Associates, it’s critical that you use a properly drafted Qualified Domestic Relations Order (QDRO). This legal document ensures that a former spouse receives their portion of the 401(k) plan in a way that complies with federal law—and avoids unintended tax consequences.
At PeacockQDROs, we’ve completed thousands of QDROs from start to finish. That means we don’t just draft the order and hand it off—we see it through the court filing and correspondence with Verizon communications Inc. We know how to get things done the right way, and that makes a huge difference for our clients.
Plan-Specific Details for the Verizon Savings Security Plan for Mid-atlantic Associates
- Plan Name: Verizon Savings Security Plan for Mid-atlantic Associates
- Sponsor: Verizon communications Inc.
- Address: 20250625074519NAL0018815170001
- Status: Active
- Industry: General Business
- Organization Type: Corporation
- Effective Date: 1984-01-01
- Plan Year: 2024-01-01 to 2024-12-31
- Plan Number: Unknown (Required in QDRO drafting)
- EIN: Unknown (Required in QDRO drafting)
- Participants: Unknown
- Assets: Unknown
Even with limited public data, Verizon’s plan administrators will require a properly formatted QDRO that includes the EIN and Plan Number. If you don’t have that information, you’ll need to obtain it directly from Verizon communications Inc. or through your family law attorney/subpoena process if necessary.
How QDROs Work for 401(k) Plans Like Verizon’s
The Verizon Savings Security Plan for Mid-atlantic Associates is a 401(k) plan, which means both employee and employer make contributions. That adds layers of complexity when dividing the account. A QDRO ensures that the alternate payee (typically the non-employee spouse) receives their court-awarded share without triggering taxes or penalties at the time of division.
Employee vs. Employer Contributions
When dividing this plan, it’s common to include both employee and employer contributions. But be careful: employer contributions may be subject to a vesting schedule. If the employee isn’t fully vested at the time of divorce, some of those funds may not be available for division—and may be forfeited later if the employee leaves Verizon communications Inc.
Vesting and Forfeitures
Most corporations, including Verizon communications Inc., set vesting schedules for employer contributions. If your divorce order doesn’t make a clear statement about whether the division includes unvested funds, it can create confusion or unintended loss. We recommend specifying that the division is either “as of the date of separation” or “as of date of distribution,” depending on the facts of your case.
Loan Balances and Repayments
401(k) loans are another tricky area. If the employee spouse (also known as the participant) has taken out loans from their Verizon Savings Security Plan for Mid-atlantic Associates account, that reduces the balance available for division. QDROs should include clear language about whether the loan is deducted before or after the alternate payee’s share is calculated.
In many cases, it makes sense to calculate the alternate payee’s share based on the net balance (after subtracting loans), especially if the alternate payee isn’t responsible for loan repayment.
Roth vs. Traditional Balances
The Verizon Savings Security Plan for Mid-atlantic Associates may allow for both Roth and traditional 401(k) account types. Roth contributions are made after-tax, whereas traditional contributions are pre-tax. It’s important to divide them separately in the QDRO to ensure the alternate payee receives their portion in the right tax bucket.
Failing to differentiate between the two could result in unnecessary taxes or complications when the alternate payee begins withdrawals. At PeacockQDROs, we ask for a breakdown of account types before finalizing any QDRO draft.
Filing a QDRO for the Verizon Savings Security Plan for Mid-atlantic Associates
Verizon communications Inc. requires QDROs to meet specific internal standards before approval. Filing an incomplete, vague, or incorrect QDRO may cause major delays—or worse, rejection. Here’s how we approach it for this particular plan type:
- We start by confirming internal plan procedures, including preapproval if applicable
- We verify whether the plan permits pre-tax transfers to IRAs and separates Roth funds
- We draft using model language (when provided) while customizing for your divorce terms
- We file the QDRO with your court after attorney/judge review
- We send the signed order to Verizon communications Inc. and follow up until processed
Need more detail? Check out our article on common QDRO mistakes or explore the timing factors in QDRO processing.
Other Key QDRO Tips for the Verizon Savings Security Plan for Mid-atlantic Associates
Be Precise with Division Formulas
Always specify whether the division is a percentage, dollar amount, or time-based calculation. Ambiguity may delay approval or change the outcome.
Specify Gains and Losses
Clearly indicate whether the alternate payee’s share includes investment earnings or losses from the division date to the distribution date. This can make a difference of thousands of dollars.
Freeze Date Language
Use clear freeze date language—whether you’re dividing the balance as of the date of separation, date of divorce, or another agreed date. This helps calculate the amount and protect both parties against unexpected market changes.
Why Work With PeacockQDROs for This Plan?
At PeacockQDROs, we’ve worked with thousands of retirement plans, including those sponsored by large corporations like Verizon communications Inc.. We know what details matter and how to get the order accepted and enforced. Most firms only prepare QDRO documents; we manage the entire process from beginning to end—including filing with the court and dealing with the plan’s administrative hurdles.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. If you’re dividing the Verizon Savings Security Plan for Mid-atlantic Associates, we can get the job done quickly and accurately. Learn more about our process here.
Final Thoughts
Dividing a 401(k) plan like the Verizon Savings Security Plan for Mid-atlantic Associates isn’t as simple as “splitting it in half.” It requires an enforceable QDRO that’s carefully tailored to the rules of the plan, the laws of your divorce state, and your settlement terms. If you get it wrong, you could end up with a lot less than you expected—or face serious tax issues.
That’s why so many people trust PeacockQDROs to handle their QDROs from start to finish. If you’re facing a divorce that includes this plan, call us before you file anything—because fixing a rejected QDRO costs more than doing it right the first time.
Ready for Help?
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 Verizon Savings Security Plan for Mid-atlantic Associates, 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.