Your Rights to the On 24, Inc. 401(k) Plan: A Divorce QDRO Handbook

Dividing retirement assets in a divorce can be stressful—but it doesn’t have to be confusing. If you or your spouse has an account in the On 24, Inc. 401(k) Plan, you’ll need to understand how these funds can be divided legally using a qualified domestic relations order (QDRO). A properly drafted QDRO allows a former spouse to receive their share of the retirement funds without triggering taxes or penalties for either party. In this article, we walk you through the process of dividing the On 24, Inc. 401(k) Plan in divorce and provide essential guidance to protect your financial interests.

A Qualified Domestic Relations Order (QDRO) is a court order that instructs a 401(k) plan administrator to pay a portion of the account to someone other than the plan participant—typically a former spouse. Without a QDRO, the plan administrator cannot legally divide the account, even if your divorce settlement specifies a division.

QDROs are essential for 401(k) division because they prevent taxes and penalties that would otherwise apply to early withdrawals. The alternate payee (usually the ex-spouse) can receive their share directly or roll it over into another retirement account, depending on their tax and retirement planning goals.

Here’s what we know about this particular retirement plan:

• Plan Name: On 24, Inc. 401(k) Plan
• Sponsor: On 24, Inc. 401(k) plan
• Address: 50 BEALE STREET, 8TH FLOOR
• Date Details: 20250818161509NAL0000738179001, 2024-01-01, 2024-12-31, 1999-01-01
• Industry: General Business
• Organization Type: Corporation
• Status: Active

The employer runs a 401(k) plan—a common retirement vehicle in corporations and especially in General Business industries like this one. While we don’t currently have the plan’s EIN or plan number (which will be required to process the QDRO), this information can be obtained from the plan administrator or your divorce attorney.

Every 401(k) plan has unique features, but most run into the same legal and administrative issues when dividing them in a divorce. Here are some items you’ll need to consider specifically for the On 24, Inc. 401(k) Plan:

To divide the On 24, Inc. 401(k) Plan, your QDRO must meet the legal requirements of ERISA (the federal law governing retirement plans) and the specific administrative requirements of the plan sponsor, On 24, Inc. 401(k) plan.

Information You’ll Need

Before drafting your QDRO, gather the following:

• The name and address of both the participant and the alternate payee
• The plan name: On 24, Inc. 401(k) Plan
• The plan number and EIN (available from the plan administrator or your HR department)
• Specific percentage or dollar amount to be allocated
• The key valuation date (date of separation, petition, or divorce, depending on the jurisdiction)
• Instructions regarding loans, investment gains/losses, and if necessary, Roth vs. traditional allocations

Approval Process

After the QDRO is drafted, it must be submitted to the court for the judge’s signature. Then it’s sent to the plan administrator for review and approval. If anything is missing or doesn’t meet the plan’s formatting rules, the QDRO will be rejected and must be revised.

At PeacockQDROs, we draft, review, and file your QDRO, taking it all the way through to approval. We make sure nothing falls through the cracks.

QDROs are technical legal documents. Minor mistakes—like not accounting for a loan or confusing Roth with traditional contributions—can cost thousands or delay your retirement access for months.

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 maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Learn about themost common QDRO mistakes so yours doesn’t suffer the same fate, or check outhow long it typically takes to complete a QDRO.

Dividing the On 24, Inc. 401(k) Plan isn’t just about splitting numbers on paper—it’s about protecting your financial future. A proper QDRO ensures tax compliance, respects plan rules, and fairly applies the divorce terms both parties agreed on. Whether you’re the participant or the alternate payee, accurate drafting and proper procedural handling are essential.

PeacockQDROs is here to help. We make the QDRO process clear, efficient, and stress-free—even for complex plans like the On 24, Inc. 401(k) Plan.

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 On 24, Inc. 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.