Introduction
When going through a divorce, retirement accounts are often among the largest assets to divide. If you or your spouse participates in the Florida Coast Logistics 401(k) Plan, it’s essential to understand how this specific plan can be divided using a Qualified Domestic Relations Order (QDRO). QDROs aren’t one-size-fits-all documents. Each plan has its own rules and complications—especially 401(k) plans—and mishandling the process can delay your divorce settlement or leave you short of the benefits you’re entitled to.
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.
Plan-Specific Details for the Florida Coast Logistics 401(k) Plan
- Plan Name: Florida Coast Logistics 401(k) Plan
- Sponsor: Florida coast logistics, Inc.
- Address: 20250717160253NAL0001011458001, 2024-01-01
- EIN: Unknown (must be obtained for QDRO processing)
- Plan Number: Unknown (required for QDRO filing)
- Industry: General Business
- Organization Type: Corporation
- Status: Active
- Assets: Unknown
Because certain key details like the plan number and EIN are unknown, they must be identified at the time of QDRO preparation. These are required fields when the plan administrator reviews your order.
Why a QDRO Is Required for the Florida Coast Logistics 401(k) Plan
You cannot divide a 401(k) plan like the Florida Coast Logistics 401(k) Plan in divorce without a QDRO. A divorce decree alone is not sufficient. A QDRO is a court order, separate from your divorce judgment, that must be approved by both the court and the plan administrator. Once accepted, the QDRO allows the plan to pay benefits directly to the non-employee spouse (often called the “alternate payee”).
Division Methods Typically Used in 401(k) Plans
There are two main ways the Florida Coast Logistics 401(k) Plan can be divided:
- Percentage of Account Balance as of a Certain Date: One of the most common approaches is awarding a specific percentage of the participant’s account as of a defined date (often the date of divorce).
- Flat Dollar Amount: Alternatively, the QDRO can assign a fixed dollar amount to the alternate payee, regardless of the account total.
Whichever method you choose must be written precisely to avoid unintended consequences. Failing to include the right language could result in overpayment, underpayment, or rejection by the plan administrator.
Key Issues to Address When Dividing the Florida Coast Logistics 401(k) Plan
Employee vs. Employer Contributions
401(k) plans are funded through both employee salary deferrals and employer contributions. Not all employer-funded amounts may be available for division depending on the vesting schedule. You’ll need to find out:
- What portion of the account consists of employee contributions
- What portion is from employer contributions
- Which employer contributions are fully vested
Unvested employer portions often cannot be awarded to the non-employee spouse. If this isn’t clearly addressed in the QDRO, the alternate payee may expect more than the plan will actually distribute.
Vesting Schedules
The Florida Coast Logistics 401(k) Plan may impose a vesting schedule for employer contributions—this is common in General Business plans run by corporations like Florida coast logistics, Inc.. A QDRO must reflect the distinction between vested and unvested benefits. If the alternate payee is entitled to a percentage of only the vested portion or of the entire account, that must be stated clearly.
Outstanding Loan Balances
If the participant has an existing 401(k) loan, it complicates the calculation. Some QDROs choose to divide the total account value with the loan counted as part of that value. Others exclude loan balances from the division. Deciding how to handle an outstanding loan is critical—failing to account for it may result in disputes or the alternate payee being awarded more or less than intended.
Traditional vs. Roth 401(k) Funds
The Florida Coast Logistics 401(k) Plan may include both traditional pre-tax funds and Roth after-tax contributions. These must be handled separately. The QDRO must specify whether the award comes from:
- Traditional 401(k) (pre-tax)
- Roth 401(k) (after-tax)
- Or both types in equal or proportional shares
If the QDRO is silent on this issue, the plan administrator may reject it or process it in a way that causes unintended tax consequences.
Timing and Processing the QDRO
Don’t wait until after the divorce is finalized to deal with your QDRO. Submitting your QDRO late can delay your distribution, especially if the participant changes jobs or rolls over their account. Worse, if the funds are withdrawn or loaned out, your portion may be put at risk.
Steps in the QDRO Process
- Gather plan information from Florida coast logistics, Inc., including Summary Plan Description
- Draft the QDRO according to the rules of the Florida Coast Logistics 401(k) Plan
- Submit for preapproval (if the plan allows it)
- File the signed QDRO with the divorce court
- Send the court-certified QDRO to the plan administrator for implementation
For more on timelines, visit: 5 factors that determine how long it takes to get a QDRO done.
Avoiding Common QDRO Mistakes
Minor errors can derail your QDRO—especially for 401(k) plans. Be sure to:
- Specify loan treatment
- Address Roth vs. traditional contributions
- Clarify division of earnings and losses
- Identify the plan by correct name and number
We’ve put together a list of common QDRO mistakes you should absolutely avoid when working with the Florida Coast Logistics 401(k) Plan.
Why Work with PeacockQDROs
QDROs for plans like the Florida Coast Logistics 401(k) Plan require attention to detail and a complete understanding of how 401(k) plans operate—especially those sponsored by corporations in the general business sector. At PeacockQDROs, we don’t just prepare a form and leave you on your own. We offer full-service support from beginning to end, including plan contact, preapproval, and post-filing follow-through.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. For more information, visit our QDRO services page or contact us for a consultation.
Final Tips
- Don’t assume the plan will handle the math for you—get a precise QDRO
- Account for all sources of contributions and differing tax treatments
- Get the plan’s summary documents before you divide anything
- Make sure your divorce judgment references your intention to enter a QDRO
State-Specific Call to Action
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 Florida Coast Logistics 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.