Your Rights to the Heico Savings and Investment Plan: A Divorce QDRO Handbook

Understanding QDROs and the Heico Savings and Investment Plan

Dividing retirement assets during a divorce can be one of the most challenging parts of the process, especially when it involves a 401(k) plan like the Heico Savings and Investment Plan sponsored by Heico corporation. Whether you’re the employee participant or the non-employee spouse (known as the “alternate payee”), using a Qualified Domestic Relations Order (QDRO) is the only way to legally and properly divide these funds without triggering taxes or penalties.

In this article, we’ll walk you through how a QDRO works for this plan, what to look out for when dividing 401(k) accounts, and how to protect your share of the benefits under the Heico Savings and Investment Plan.

Plan-Specific Details for the Heico Savings and Investment Plan

Here’s what we currently know about this retirement plan you may be dividing in your divorce:

Plan Name: Heico Savings and Investment Plan
Sponsor: Heico corporation
Address: 3000 Taft Street
Plan Type: 401(k)
Industry: General Business
Organization Type: Business Entity
Plan Number & EIN: Currently unknown – required for the QDRO and must be confirmed with HR or the plan administrator
Plan Status: Active
Effective Date & Plan Year: Unknown – must be verified before filing a QDRO
Participants: Unknown
Assets: Unknown

Before drafting your QDRO, we recommend checking with Heico corporation’s HR or plan administrator to confirm all identifying information, including the plan number and EIN. These are required on every QDRO.

Key Considerations When Dividing a 401(k) Plan Via QDRO

The Heico Savings and Investment Plan is a 401(k), which often carries unique challenges for divorcing couples. From employee/employer contributions to account sub-types and loans, you’ll want to address these critical elements in the QDRO:

Employee vs. Employer Contributions

401(k) plans generally include the employee’s own deferrals and employer matching or discretionary contributions. A QDRO for the Heico Savings and Investment Plan should clearly state whether it divides:

Only the employee’s contributions and earnings during the marriage
Both employee and employer contributions (subject to vesting)

Marital property law typically governs how these are divided. In many cases, the non-employee spouse is awarded a portion of the total contributions accrued during the marriage.

Vesting and Forfeiture Rules

Employer contributions to a 401(k) like the Heico Savings and Investment Plan are often subject to a vesting schedule. If the employee isn’t fully vested at the time of divorce or QDRO submission, the alternate payee may receive less than expected.

In your QDRO, it’s critical to include language that explains how unvested amounts should be handled. Some spouses delay distribution until full vesting is complete, while others accept only the vested portion as of a specific date. Be cautious—without proper language, funds can be forfeited.

401(k) Loans and Outstanding Balances

If the employee took a loan against the Heico Savings and Investment Plan, it affects how much is available to divide. Most QDROs address loans upfront, clarifying whether:

The alternate payee receives a share of the balance net of loans
The loan is considered a reduction to the divisible marital benefit

Failing to address loans leads to disputes and implementation delays. You’ll also need a recent statement showing any loan balance and repayment terms before finalizing the QDRO.

Roth vs. Traditional 401(k) Account Balances

If Heico corporation offers Roth 401(k) options under the Heico Savings and Investment Plan—contributions made with after-tax dollars—they must be separated from traditional pretax funds when dividing the account.

The QDRO should state whether the division applies to Roth, traditional, or both account types. This ensures proper tax treatment and helps avoid costly mistakes when the funds are transferred. Mixing the two without clear instructions causes delays and possibly rejections by the plan administrator.

QDRO Submission Process for the Heico Savings and Investment Plan

Once the terms of division are settled during divorce, submitting the QDRO for the Heico Savings and Investment Plan usually involves five steps:

Drafting the QDRO with accurate language specific to the plan
Submitting a draft to the plan administrator for pre-approval (if accepted)
Filing the signed QDRO with the court
Sending the court-certified QDRO to the plan administrator
Following up on implementation and ensuring funds are properly allocated

401(k) plans differ across sponsors, and Heico corporation may have unique administrative requirements. That’s why we always recommend confirming QDRO procedures with the benefits department before submission.

Why Choose PeacockQDROs for Your Heico Plan Division?

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.

We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Whether you’re dividing a plan with traditional 401(k) balances, a Roth component, or unresolved plan loans, we know how to get it done right the first time.

Get started by reviewing our QDRO resources, or check out these helpful links:

Common Mistakes When Dividing 401(k) Plans Like the Heico Savings and Investment Plan

Failing to specify how plan loans or outstanding balances are treated
Using incorrect or outdated plan names, numbers, or EINs
Missing Roth/traditional account distinctions
Ignoring or misunderstanding vesting schedules
Submitting the QDRO without pre-approval, leading to rejections

All of these can cause delays or reduce the amount the alternate payee receives. A properly drafted QDRO avoids these pitfalls and ensures timely implementation.

Final Thoughts

Dividing a 401(k) plan like the Heico Savings and Investment Plan during divorce requires precision, planning, and a clear understanding of how contributions, vesting, loans, and account types work. Whether you’re the employee or the alternate payee, make sure your QDRO reflects the agreement made during your divorce and meets all of the plan’s guidelines.

Need Help? We’re Here.

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 Heico Savings and Investment 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.