Introduction
Dividing retirement assets like the Calhoun Construction Services 401(k) Plan during a divorce can be overwhelming and filled with uncertainty. This plan is administered by Calhoun construction services, Inc., a General Business corporation, and like many 401(k) plans, it may include traditional and Roth contributions, vesting schedules, and outstanding loan balances. These variables make the Qualified Domestic Relations Order (QDRO) process complex—but entirely manageable if you’re informed and prepared.
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.
In this guide, we’ll walk through best practices for dividing the Calhoun Construction Services 401(k) Plan in divorce using a QDRO. Our aim is to help you understand your rights and avoid delays or costly mistakes.
Understanding QDROs and the Calhoun Construction Services 401(k) Plan
What Is a QDRO?
A Qualified Domestic Relations Order (QDRO) is a legal order that divides a qualified retirement plan following divorce. It’s the only legal mechanism that allows part of a retirement plan to be transferred to an ex-spouse or other alternate payee without early withdrawal penalties or triggering immediate taxation (depending on how the funds are handled).
Why the Plan Type Matters
The Calhoun Construction Services 401(k) Plan is a 401(k) plan, not a pension or defined benefit plan. It operates differently, and your QDRO must reflect those differences. Unlike pensions, 401(k) accounts contain specific dollar balances and are subject to real-time market changes, loan activity, and vesting schedules. These factors affect the value and timing of any division.
Plan-Specific Details for the Calhoun Construction Services 401(k) Plan
- Plan Name: Calhoun Construction Services 401(k) Plan
- Sponsor: Calhoun construction services, Inc.
- Address: 7707 NATIONAL TURNPIKE
- Industry: General Business
- Organization Type: Corporation
- Status: Active
- Plan Number: Unknown (required for QDRO submission)
- EIN: Unknown (required for QDRO submission)
- Plan Year: Unknown
- Effective Date: Unknown
- Assets: Unspecified
- Participants: Unknown
Before you prepare a QDRO, you or your attorney will need to obtain the missing details from the plan administrator. These include the EIN and plan number—both are required in a properly formatted QDRO.
Best Practices for Dividing a 401(k) Like This One
Determine the Marital Portion
The first key issue is determining the marital portion of the Calhoun Construction Services 401(k) Plan. Generally, only contributions made and earnings accrued during the marriage are considered community or marital property. Contributions before marriage or after separation typically remain the employee spouse’s separate property.
Use a Clear Valuation Date
The QDRO should specify a clear valuation date—often the date of separation, the date of divorce filing, or another date agreed upon in the settlement. This prevents disputes and confusion when calculating the correct percentage or dollar amount the non-employee spouse (called the “alternate payee”) should receive.
Account for Vesting Schedules
Many employer contributions in 401(k) plans are subject to vesting schedules. That means if the employee spouse hasn’t worked long enough at Calhoun construction services, Inc., they may not be entitled to all employer contributions. Any unvested funds are typically not transferable to the alternate payee. We recommend requesting a vesting schedule summary from the plan administrator before drafting the QDRO.
Handle Loan Balances Carefully
If the employee spouse has taken out a loan from the Calhoun Construction Services 401(k) Plan, it will affect the account balance. The QDRO can treat loan balances in a few ways—it can divide based on the full account value including the loan or exclude the loan and only divide what’s available. This must be addressed clearly to avoid conflict or unintended shifts in wealth division.
Roth vs. Traditional 401(k) Contributions
401(k) plans often have both traditional (pre-tax) and Roth (after-tax) account segments. It’s essential that the QDRO specifies how each part should be divided. Mixing the two can result in tax reporting problems and incorrect fund transfers. If the alternate payee is receiving a transfer from a Roth segment, it should go to a Roth IRA; traditional funds should go to a traditional rollover IRA.
How to Get Started with Your QDRO
You or your attorney should first contact the plan administrator for the Calhoun Construction Services 401(k) Plan. Request the following:
- The Summary Plan Description (SPD)
- A current participant statement
- The plan’s QDRO procedures or sample language (if available)
- Details on loan balances, vesting, and types of contribution accounts
This information will help ensure your QDRO is accurate and acceptable under the plan’s rules. Submitting a QDRO that doesn’t comply with the plan raises the risk of rejection and delays.
Why Choose PeacockQDROs
At PeacockQDROs, we’ve processed thousands of qualified domestic relations orders nationwide. Many firms stop at drafting, but we believe in full-service support. Once you hire us, we take care of:
- Drafting the order using plan-specific language
- Submitting it for optional preapproval (if allowed)
- Filing with the court
- Following up with the plan until the transfer is fully processed
If you want help avoiding common QDRO mistakes or want an accurate timeline, read our insights on the factors that impact QDRO timing.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Explore our full QDRO services or get in touch if you’re ready to start.
Conclusion
Dividing a 401(k) during divorce is never simple, especially one like the Calhoun Construction Services 401(k) Plan that may contain traditional and Roth elements, loan balances, and employer contributions subject to specific rules. But with the right QDRO strategy and qualified help, you can protect your interests and avoid expensive setbacks.
Whether you’re the employee or the alternate payee, take the time to get your QDRO prepared properly and don’t settle for shortcuts. A few small decisions now can make a huge difference in your long-term financial security.
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 Calhoun Construction Services 401(k) 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.