Dividing the Aptargroup, Inc.. Profit Sharing and Savings Plan in Divorce
When you’re in the middle of a divorce, dividing retirement assets like the Aptargroup, Inc.. Profit Sharing and Savings Plan can be one of the most complicated and overlooked parts of reaching a fair settlement. This specific plan is a profit sharing and savings plan sponsored by Aptargroup, Inc.. profit sharing and savings plan, and dividing it properly requires a Qualified Domestic Relations Order (QDRO).
At PeacockQDROs, we’ve handled thousands of QDROs across the country—from drafting the order and getting preapproval to filing it with the court and following up with the plan administrator. We don’t just hand you a document and walk away. Our full-service approach ensures that your division is done right—start to finish.
Plan-Specific Details for the Aptargroup, Inc.. Profit Sharing and Savings Plan
Here’s what we know about the Aptargroup, Inc.. Profit Sharing and Savings Plan:
- Plan Name: Aptargroup, Inc.. Profit Sharing and Savings Plan
- Sponsor: Aptargroup, Inc.. profit sharing and savings plan
- Address: 265 Exchange Dr.
- Plan Status: Active
- Plan Type: Profit sharing and 401(k)-style savings plan
- Organization Type: Corporation
- Industry: General Business
- Plan Effective Date: April 22, 1993
- Plan Year: January 1, 2024, through December 31, 2024
- EIN: Unknown (must be confirmed when drafting the QDRO)
- Plan Number: Unknown (required for QDRO—it must be verified)
Despite not having the EIN and plan number immediately accessible, those details are essential when finalizing the QDRO and should be confirmed with the plan administrator. They are necessary to avoid processing delays and ensure that the order is accepted and properly implemented.
What’s Unique About Profit Sharing Plans in Divorce
Profit sharing plans like the Aptargroup, Inc.. Profit Sharing and Savings Plan can involve several moving parts. These plans often include a combination of:
- Employee elective deferrals (401(k) contributions)
- Employer profit-sharing contributions
- Loan balances with ongoing repayments
- Roth and traditional (pre-tax) accounts with different tax treatments
Each of these components must be addressed carefully in the QDRO. Trying to divide the plan without a clear understanding of these moving pieces can result in errors that delay or jeopardize your share.
Vesting, Unvested Amounts, and Forfeiture Risk
Employer contributions in a profit sharing plan typically come with a vesting schedule. That means the employee may not own the full value of employer-paid contributions immediately. If the participant spouse (the one who earned the benefit) is not fully vested at the time of divorce, the non-employee spouse (the alternate payee) may only be entitled to the vested portion.
It›s important to address this in the QDRO. You may want to include specific language stating that the alternate payee’s share is limited to the vested portion as of the date specified in the order—usually the date of divorce, separation, or another agreed-upon date.
Key Tip:
Verify the plan’s vesting schedule and get a recent statement showing vested balances before finalizing the QDRO. Otherwise, you may mistakenly assign more than what’s available.
Loan Balances in the Aptargroup, Inc.. Profit Sharing and Savings Plan
If the participant spouse has taken a loan from the plan, that loan amount reduces the available balance for distribution. The key decision is whether the alternate payee’s share is computed before or after subtracting the loan balance. This can make a big difference in the dollar amount.
For example, if the participant has $100,000 in the account but $20,000 is loaned out, dividing 50% of $100,000 is not the same as dividing 50% of $80,000. The QDRO must state clearly how to handle this.
Loan Repayment Obligations
Another frequent question is: Will the alternate payee be responsible for repaying any part of that loan? Generally, the answer is no—the loan stays with the participant, but the QDRO must be clear. Ambiguity can trigger rejection of your order or incorrect processing that takes months to fix.
Roth vs. Traditional Contributions
Many modern 401(k)-style plans, including the Aptargroup, Inc.. Profit Sharing and Savings Plan, may feature both traditional (pre-tax) and Roth (post-tax) contributions. These are tracked in separate “source” accounts with different tax rules.
The QDRO should either:
- Assign a percentage from each type of account source, or
- Specify which source(s) are being divided and leave others untouched
If you only assign “50% of the account,” and that account includes several sources (pre-tax, Roth, employer match), you should clarify what’s being divided. Failure to do so can lead to unintended tax burdens or benefit delays.
What a QDRO for This Plan Should Include
When preparing a QDRO for the Aptargroup, Inc.. Profit Sharing and Savings Plan, we recommend including the following details:
- The date used to value the award—typically date of divorce or another agreed date
- Assignment of a percentage OR fixed dollar amount of the applicable balance
- Clear language covering vested amounts only
- Loan treatment—whether the balance is included or excluded
- Instructions on Roth vs. traditional account distribution
- Division of earnings and losses from the valuation date to the date of distribution
- Standard protections under ERISA (e.g., early withdrawal penalties, survivor rights)
At PeacockQDROs, we make sure these plan-specific elements are included—so you don’t have to figure it out yourself and risk rejection down the line.
How Long Will It Take?
QDROs can take anywhere from 30 to 180 days to finalize—a lot depends on how cleanly the order is drafted and how responsive the plan administrator is. Learn more about the QDRO timeline here: How Long Does a QDRO Take?
Avoiding Common Mistakes
Every week, we talk to people who tried to save money by downloading some fill-in-the-blank QDRO or working with a company that only drafts the document—no guidance, no follow-through. The results are predictable: delays, confusion, and rejected orders. Don’t make this mistake. Read this first: Common QDRO Mistakes.
Why Choose PeacockQDROs
We’ve seen every scenario: missing plan numbers, complex vesting issues, and account types misidentified in the divorce judgment. Our team solves those problems. At PeacockQDROs, we’ve completed thousands of QDROs from start to finish. That means we don’t just draft the order—we get preapproval (if required), file it in court, and follow up with Aptargroup, Inc.. profit sharing and savings plan until it’s accepted and implemented.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Check us out and learn how we can help: QDRO Services from PeacockQDROs
Let’s Get Started
If your divorce involved the Aptargroup, Inc.. Profit Sharing and Savings Plan, don’t risk mistakes that delay your access to your retirement share. Let us guide you through the process with accuracy and care.
Have questions? Contact us here.
Final 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 Aptargroup, Inc.. Profit Sharing and Savings 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.