Introduction
If you’re going through a divorce and either you or your spouse has retirement savings in the Iterable 401(k) Plan, it’s vital to understand how to properly divide those funds. A Qualified Domestic Relations Order, or QDRO, is required to legally split these assets without triggering taxes or early withdrawal penalties. At PeacockQDROs, we’ve completed thousands of QDROs from start to finish—including final court filings and plan administrator follow-ups—so you’re never left in the dark with just a document. This guide walks you through what divorcing couples need to know about dividing the Iterable 401(k) Plan.
Plan-Specific Details for the Iterable 401(k) Plan
Here’s what we know about this particular retirement plan, which is essential when preparing a QDRO:
- Plan Name: Iterable 401(k) Plan
- Sponsor: Iterable, Inc..
- Address: 2261 MARKET STREET 5212
- Plan Year: Unknown to Unknown
- Effective Date: Unknown
- Plan Number: Unknown
- EIN: Unknown
- Organization Type: Corporation
- Industry: General Business
- Status: Active
Even though some information like the EIN and plan number is currently unavailable, these details can typically be obtained during the QDRO process by requesting information directly from the plan administrator or through your attorney. These identifiers are required for proper formatting and filing of the QDRO.
Understanding QDROs for the Iterable 401(k) Plan
The Iterable 401(k) Plan is subject to federal ERISA laws, and dividing it in divorce requires a Qualified Domestic Relations Order (QDRO). This legal order instructs the plan administrator on how to pay a portion of the participant’s retirement benefits to an alternate payee—typically a former spouse.
What Can Be Divided?
Under a QDRO, you can divide:
- Traditional 401(k) account balances
- Roth 401(k) subaccounts
- Vested employer contributions
- Employee deferrals
- Loan offsets (if applicable)
Key QDRO Considerations for the Iterable 401(k) Plan
Vesting Schedules and Employer Contributions
Many 401(k) plans—including those offered by general business corporations like Iterable, Inc..—include employer matching or discretionary contributions that are subject to a vesting schedule. This means not all employer contributions are immediately owned by the employee.
If the plan uses a graded vesting schedule, only the vested portion of the employer contributions can be divided through a QDRO. It’s important to identify the participant’s vested percentage as of the divorce date to avoid disputes or overpayments.
Handling Loan Balances
If the participant has taken a loan from the Iterable 401(k) Plan, it generally reduces the account balance available for division. Some QDROs account for the loan by allocating a portion of an account “net of loans,” meaning the loan value is subtracted before dividing the funds. Others specify a loan is the sole responsibility of the participant and assign the alternate payee their share of the unencumbered balance.
Clarity on this issue is crucial—a common QDRO mistake is failing to specify how loans should be handled. See our tips on common QDRO mistakes to avoid this pitfall.
Traditional vs. Roth 401(k) Subaccounts
A common feature of modern 401(k) plans—including the Iterable 401(k) Plan—is the ability for participants to contribute to both traditional (pre-tax) and Roth (post-tax) subaccounts. These are separate account types within the same plan, and each should be treated individually under the QDRO.
A well-drafted QDRO should clearly allocate each portion—pre-tax and Roth—separately. Different tax rules may apply when the alternate payee withdraws these funds, especially if funds are not rolled into a qualified account.
QDRO Drafting Strategies for Dividing 401(k) Plans
Dividing a 401(k) plan like the one offered by Iterable, Inc.. isn’t a one-size-fits-all process. Your QDRO should be tailored to your specific divorce agreement and account situation. Here’s what we usually recommend:
Use Percentages Instead of Flat Dollar Amounts When Possible
Qdro orders using percentages (e.g., “50% of the balance as of 12/31/2023”) are easier to administer and automatically account for market changes. Flat dollar amounts can backfire if the account balance has dropped significantly since the divorce, leading to inequities or underfunded obligations.
If Your Divorce Decree Mentions a QDRO, That’s Not Enough
The court order dividing property does not replace a QDRO. You still need a separate legal order that meets ERISA and plan-specific requirements. For help understanding how long this process can take and what steps are involved, read our article: How Long Does It Take to Get a QDRO Done?
Required Information for the Iterable 401(k) Plan QDRO
To properly prepare a QDRO for the Iterable 401(k) Plan, gather the following:
- Participant’s full name and last known address
- Alternate payee’s full name and last known address
- Participant’s employment dates, if available
- Exact plan name: Iterable 401(k) Plan
- Plan sponsor: Iterable, Inc..
- Plan number and EIN (can be retrieved from HR or plan administrator)
- Details about how the benefits are to be divided (percentage, date, Roth vs traditional)
Our QDRO Process at PeacockQDROs
At PeacockQDROs, we go beyond just drafting. We handle:
- Drafting the QDRO to ERISA and plan specifications
- Submitting it to the plan administrator for pre-approval (if available)
- Coordinating with court systems for official entry
- Filing the signed QDRO with the plan administrator
- Following up until confirmation of implementation
Most QDRO services leave you with a document and no guidance on what to do next. We stay with you from start to finish. That’s what sets us apart and why we maintain near-perfect reviews. Learn more about our process on our QDRO services page.
Conclusion
Dividing the Iterable 401(k) Plan in divorce requires precision, especially with potential loan balances, separate Roth and traditional subaccounts, and the vesting of employer contributions. A poorly drafted or vague QDRO can cause delays, disputes, or incorrect payouts. If you’re unsure where to begin, take the guesswork out of it by working with a professional QDRO firm like PeacockQDROs.
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 Iterable 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.