Understanding How to Divide the Employees’ Retirement Plan of Centrus Energy Corp.. in Divorce
Dividing a 401(k) in divorce isn’t as simple as splitting a bank account. When it comes to the Employees’ Retirement Plan of Centrus Energy Corp.., it’s even more critical to understand the specifics. Why? Because this plan, like many employer-sponsored retirement accounts, includes unique rules around vesting, loans, and types of contributions that can significantly affect what each spouse receives. That’s where a Qualified Domestic Relations Order (QDRO) comes in.
At PeacockQDROs, we’ve handled thousands of QDROs from start to finish. We don’t just prepare the paperwork—we get it approved, filed, and implemented with the plan administrator. Getting a QDRO right the first time is essential when dealing with plans like the Employees’ Retirement Plan of Centrus Energy Corp..
What Is a QDRO and Why Is It Needed?
A Qualified Domestic Relations Order (QDRO) is a court order used to divide a qualified retirement plan—like a 401(k)—without triggering penalties or taxes. It tells the retirement plan administrator how to split the account between the participant (the employee) and the alternate payee (usually the ex-spouse).
Without a QDRO, the plan administrator can’t legally pay the alternate payee. That means even if your divorce decree says you get 50% of the 401(k), the plan won’t release your share unless there’s an approved QDRO in place.
Plan-Specific Details for the Employees’ Retirement Plan of Centrus Energy Corp..
- Plan Name: Employees’ Retirement Plan of Centrus Energy Corp..
- Sponsor: Employees’ retirement plan of centrus energy Corp..
- Address: 6901 Rockledge Drive
- Plan Effective Date: 1994-01-01
- Plan Year Period: 2024-01-01 to 2024-12-31
- Plan Type: 401(k)
- Status: Active
- Industry: General Business
- Organization Type: Business Entity
- Plan Number & EIN: Unknown (Required as part of QDRO documentation)
- Participants: Unknown
Despite some unknowns in public records, dividing this plan requires precise attention to detail. Make sure your QDRO attorney obtains the correct EIN and plan number directly from plan documents or HR departments before preparing the order.
QDRO Challenges Specific to 401(k) Plans Like This One
Because the Employees’ Retirement Plan of Centrus Energy Corp.. is a 401(k), there are key issues to watch out for that can affect what the alternate payee receives:
1. Employee vs. Employer Contributions
401(k) accounts generally include two types of contributions:
- Employee Contributions: Always 100% vested. These are the salary deferrals made by the employee.
- Employer Contributions: Often subject to a vesting schedule. These may be partially or entirely forfeited if the employee hasn’t met the required years of service at the time of divorce.
The QDRO should specifically state which types of contributions are included—and handle unvested contributions appropriately. Without that, the alternate payee might end up with less than anticipated.
2. Vesting Schedules and Forfeited Contributions
If your spouse is still employed at Centrus Energy and hasn’t fully vested in employer contributions, some of the plan’s balance may be off-limits. Your QDRO can include what’s called a “separate interest” approach that ensures the exact percentage the court awarded is locked in, regardless of future service credits or changes in marital status.
3. Outstanding Loan Balances
401(k) loans can lower the amount available for division. If your spouse took out a loan against the plan, that loan needs to be addressed in the QDRO. You’ll need to answer two important questions:
- Should the loan balance reduce the account before or after the division?
- Is the alternate payee responsible for any portion of the debt?
Most QDROs exclude loan amounts from the alternate payee’s share—but the language must be clear. At PeacockQDROs, this is one of the most common corrections we make when reviewing orders prepared by other firms. Learn more about common QDRO errors here.
4. Roth vs. Traditional Accounts
Many modern 401(k) plans, including the Employees’ Retirement Plan of Centrus Energy Corp.., may contain both pre-tax (traditional) and after-tax (Roth) sub-accounts. The IRS requires that Roth funds be divided separately from traditional funds.
That means one QDRO may need to specify two different shares—one from each section. Make sure your QDRO attorney gets the latest account statement showing these breakdowns. It’s also important that the order is written clearly to preserve the tax status of each portion.
Drafting QDROs for Business Entity Plans in General Business
When working with retirement plans in the private sector, especially in the general business category like the Employees’ retirement plan of centrus energy Corp.., the plan administrator plays a key role in the QDRO process. They may require preapproval before filing the order in court. They may also have strict formatting expectations and processing timelines.
Our team at PeacockQDROs routinely works with these types of plans and knows how to meet their requirements to avoid delays. Check out our breakdown on how long it really takes to get a QDRO done.
Why Proper QDRO Planning Matters
The reality is that many people shortchange themselves—or their former spouse—by skipping key details when dividing a 401(k). The list of mistakes is long:
- Failing to specify vesting status
- Leaving out how to handle loans
- Blending Roth and traditional accounts
- Submitting vague or incomplete orders
A clean divorce order won’t substitute for a properly worded QDRO. That’s why it helps to have a team like PeacockQDROs on your side. We take care of the entire process—from the QDRO text itself, to plan preapproval (if needed), to court filing and plan submission.
You can get detailed information on how we work on the QDRO Services page and even contact us directly if you’re unsure of the next step.
Get Your Share of the Employees’ Retirement Plan of Centrus Energy Corp.. Done Right
A DIY approach to a QDRO can cost you thousands. If you’re dividing the Employees’ Retirement Plan of Centrus Energy Corp.. through divorce, it pays to do it right the first time. Focus on details like loan balances, unvested employer contributions, and separate Roth assets. Make sure you gather complete plan information, including the EIN and plan number (even though they’re not publicly listed).
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 Employees’ Retirement Plan of Centrus Energy Corp.., 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.