The Results Contracting 401(k) Plan, sponsored by Sundeen incorporated dba results contracting, is a company retirement plan that may need to be divided during a divorce. If you’re divorcing and one or both spouses have a 401(k), you’ll typically need a Qualified Domestic Relations Order—commonly known as a QDRO—to divide the account legally and correctly.
QDROs are court orders used to split qualified retirement plans without triggering early withdrawal penalties or tax consequences. But each retirement plan has its own specific rules, so it’s important to understand how the QDRO process works for the Results Contracting 401(k) Plan specifically. This article is your guide to doing just that.
When drafting a QDRO for the Results Contracting 401(k) Plan, here’s what we know:
QDROs for the Results Contracting 401(k) Plan will need to reference the correct EIN and plan number. If you’re missing this information, it may be available on the participant’s annual 401(k) statement or through the plan administrator.
A QDRO allows you to divide retirement benefits from a 401(k) plan like the Results Contracting 401(k) Plan as part of a property settlement in divorce. The order must be approved by both the court and the plan administrator to be valid.
Dividing a 401(k) can get complicated—especially with plan-specific features like vesting schedules, outstanding loans, and account type distinctions. Here’s what divorcing spouses need to watch out for when splitting the Results Contracting 401(k) Plan.
If Sundeen incorporated dba results contracting makes employer contributions to the 401(k), those contributions may be subject to a vesting schedule—meaning the employee earns ownership over time. Only the vested portion can be divided through a QDRO. It’s important to confirm the vesting percentage at the time of divorce. Any unvested amounts generally revert to the employer, not the ex-spouse.
401(k) plans commonly allow loans, and the Results Contracting 401(k) Plan may include them. Importantly, loans are not considered divisible assets. If the participant has a loan balance, it typically stays with that spouse—unless the divorce agreement says otherwise. However, QDRO language can account for the loan by adjusting the alternate payee’s share from the net balance.
Make sure any outstanding loan is disclosed and properly addressed in the QDRO draft. At PeacockQDROs, we see errors all the time when loan balances are ignored—resulting in incorrect payouts later.
The Results Contracting 401(k) Plan may allow both pre-tax (traditional) and after-tax (Roth) contributions. These account types have different tax treatments, so it’s important to preserve those distinctions in the QDRO.
If a QDRO doesn’t specify which type of funds to award or how to handle them separately, the plan administrator might default to a taxable distribution—creating confusion and unnecessary taxes for the alternate payee. Proper QDROs should direct Roth funds to a Roth IRA and traditional funds to a traditional IRA or similar account.
Most 401(k) plans, including the Results Contracting 401(k) Plan, require the QDRO to be submitted and approved by the plan administrator after it is signed by the court. Some plans offer “pre-approval” before the judge signs the order—that can save time and avoid rejections.
Each plan’s timeline varies. Learn about what affects QDRO processing time in our post:5 Factors That Determine How Long It Takes to Get a QDRO Done.
Because Sundeen incorporated dba results contracting operates as a Corporation in the General Business sector, it’s likely outsourcing plan administration to a third-party provider. These administrators often have strict formatting, default rules, and processing procedures. It’s important the QDRO follows their exact specifications—otherwise, delays or rejections are likely.
At PeacockQDROs, we’ve completed many 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.
We’ve seen countless cases where a do-it-yourself QDRO or court-provided form ends in delays or incorrect division. Protect your financial rights and retirement interests by getting the order done the right way.
Here are the top mistakes our firm sees when people attempt QDROs without expert guidance:
To see more common issues, check out this helpful breakdown:Common QDRO Mistakes.
We focus on QDROs. It’s all we do—and we do it right. We have successfully completed QDROs for all major plan providers and tailored orders for plans with complex features like the Results Contracting 401(k) Plan. Our firm maintains near-perfect reviews and pride ourselves on a track record of doing things the right way.
Whether you’re just starting the divorce process or are trying to finalize division of retirement accounts after a judgment, we’re here to help with every step. Learn about our services here:PeacockQDROs Services.
If your divorce involves the Results Contracting 401(k) Plan, don’t leave the division to chance. This plan, like many corporate-sponsored 401(k)s, may have multiple layers—employer contributions, vesting restrictions, loan accounts, and both Roth and traditional balances. A one-size-fits-all QDRO simply won’t cut it.
Contact us today to ensure your QDRO is done properly, from drafting to approval and payout.
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 Results Contracting 401(k) Plan, contact PeacockQDROs. We focus on QDROs and have successfully processed many orders from start to finish.
Get the answers you need—explore ourQDRO resources orreach out for personalized help if you’re in one of our service states.
Willie has handled hundreds of QDROs, been named as a stipulated or court-appointed expert in hundreds of orders, testified as an expert witness on QDROs and state government pension survivor benefits, and taught CLEs on QDROs, legal ethics, and military pensions. He is a three-time ABA award-winning legal author and secured a victory before the North Dakota Supreme Court. Full bio →
