Dividing a Defined Benefit Pension in Divorce
If you’re navigating divorce and either you or your spouse is a participant in the Laerdal Medical Corporation Employees’ Pension Plan, it’s critical to understand your rights and next steps. Defined benefit pensions like this one don’t work the same way as 401(k)s or IRAs. Dividing them requires a specific legal document known as a Qualified Domestic Relations Order (QDRO).
At PeacockQDROs, we’ve processed thousands of QDROs from beginning to end—which means we don’t just draft your order and send you off. We handle filing with the court, coordinating with the plan administrator, and following up as needed. That full-service approach is what sets us apart. This article will take you through exactly how to handle a divorce-related division of the Laerdal Medical Corporation Employees’ Pension Plan.
Plan-Specific Details for the Laerdal Medical Corporation Employees’ Pension Plan
Before discussing QDRO specifics, it helps to understand the known data about the plan involved. Here are the current plan details based on available records:
- Plan Name: Laerdal Medical Corporation Employees’ Pension Plan
- Sponsor: Laerdal medical corporation employees’ pension plan
- Sponsor Address: 167 Myers Corners Road, 2025-07-16T11:48:58-0500
- Plan Type: Defined Benefit Plan
- Organization Type: Business Entity
- Industry: General Business
- Plan Status: Active
- Effective Date: Unknown
- Plan Year: Unknown to Unknown
- Number of Participants: Unknown
- Plan Number: Unknown (required for QDRO purposes)
- Employer Identification Number (EIN): Unknown (required for QDRO purposes)
- Start Date: 1976-11-01
Even though some data is missing publicly, don’t worry—at PeacockQDROs, we’ve worked with countless plans that have incomplete or confusing public records. We know how to get the current PDF Summary Plan Descriptions (SPDs), request plan documents, and push for pre-approval when needed.
What Makes Defined Benefit Plans Different in Divorce?
Unlike 401(k)s with a clear account balance, defined benefit plans like the Laerdal Medical Corporation Employees’ Pension Plan provide future monthly payments upon retirement. That means you’re not dividing a current lump sum—you’re dividing a future stream of income. This requires special care to make sure both parties understand what they’re getting—or giving up.
Defined Formula, Not Account Balance
The value of a defined benefit plan is determined by a formula that usually includes years of service and final average salary—not just a current dollar figure. As a result, your QDRO must calculate the alternate payee’s share correctly based on time and service accrued during the marriage.
Deferred Payments Until Retirement
Alternate payees (usually the non-employee spouse) typically cannot start receiving benefits until the participant (employee spouse) reaches retirement age or becomes eligible to receive payments. A well-drafted QDRO accounts for this delay and protects the alternate payee’s interests if the participant delays retirement or elects risky payout forms like a single life annuity.
Critical QDRO Elements for the Laerdal Medical Corporation Employees’ Pension Plan
Employee and Employer Contribution Division
In a defined benefit plan, contributions aren’t always tracked by participant. That means you’re often dividing the benefit itself—not just splitting deposits. However, if the plan maintains a cash balance component or tracks interest credits or hypothetical accounts, those details need specific attention in the QDRO to ensure equity between spouses.
Vesting Schedules and Forfeitures
If the participant is not yet vested, or only partially vesting in benefits, that affects what the alternate payee can receive. If not vested during the marriage, the alternate payee could receive nothing unless the QDRO includes a fallback clause or adjusts for post-divorce service time. Your QDRO should account for the possibility of forfeitures if the employee leaves early or fails to meet service requirements.
Outstanding Loan Balances
While defined benefit plans rarely permit loans the way 401(k)s do, it’s essential to confirm whether any loan programs exist under the Laerdal Medical Corporation Employees’ Pension Plan. If the plan has hybrid or cash balance elements embedded in it, which some do, outstanding plan loans reduce the available future benefit. Your QDRO should address who is responsible for paying any balance or how it affects the division.
Roth vs. Traditional Accounts
Although Roth status is more common in defined contribution plans, you should double-check whether Laerdal Medical Corporation Employees’ Pension Plan includes any after-tax contributions or options. If the participant contributed after-tax dollars, you will want to ensure those are handled properly in the QDRO—or you may face tax surprises later. It’s also critical to avoid treating any pretax and after-tax funds the same way in the division.
How to Prepare a QDRO for the Laerdal Medical Corporation Employees’ Pension Plan
Step 1: Collect Plan Documents
Because the public plan number and EIN are unavailable, request a recent Summary Plan Description (SPD) or Plan Document directly from the Laerdal medical corporation employees’ pension plan. This will give drafters the rules they must follow and any unique procedures applicable to this defined benefit plan.
Step 2: Determine the Marital Portion
In most divorces, only benefits earned during the marriage are divided. That typically means the QDRO will use a coverture formula (e.g., the “Majauskas formula”) that prorates the pension based on service time during marriage vs. total service time. Make sure this formula is precise and reflects the actual dates of marriage and divorce.
Step 3: Draft a Plan-Compliant QDRO
Every pension plan has its own rules. Using generic QDRO templates is risky and may lead to rejection by the administrator. A proper order for the Laerdal Medical Corporation Employees’ Pension Plan should address:
- Survivor benefit protection (to ensure continuous payment if the participant dies first)
- Cost-of-living adjustments (COLAs) and whether the alternate payee receives them
- Early retirement subsidies and election choices
- Clear timeline and benefit commencement rules
Step 4: Submit for Review and Filing
After your QDRO is drafted, submit it for pre-approval with Laerdal medical corporation employees’ pension plan if permitted. Many defined benefit plans offer this invaluable step. After approval, file with your divorce court, and once signed by the judge, resubmit the order to the plan.
Avoiding Common QDRO Mistakes
The stakes are high with defined benefit QDROs. Mistakes can cost spouses thousands. We’ve addressed the most frequent issues in this guide: Common QDRO Mistakes.
One of the biggest mistakes? Assuming your divorce attorney or mediator will handle the QDRO. In reality, most leave it to you after the divorce is finalized, and it’s easy for missed deadlines and lost benefits to occur. We’ve written about how long QDROs take based on several factors, which you can review here: 5 Factors That Determine QDRO Timing.
Why Choose PeacockQDROs
At PeacockQDROs, our experienced attorneys don’t just write your QDRO—we handle the full process:
- We identify plan procedures and get the necessary documents
- We prepare the QDRO based on your divorce judgment specifications
- We submit the order to the plan for preapproval (if available)
- We handle court filing and obtain the judge’s signature
- We follow up with Laerdal medical corporation employees’ pension plan to confirm implementation
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Learn more about what we offer: PeacockQDROs QDRO Services.
Need Help with a QDRO for This 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 Laerdal Medical Corporation Employees’ Pension 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.