Dividing the Boomtown 401(k) Plan in Divorce: Start with a QDRO
Dividing retirement assets like the Boomtown 401(k) Plan during divorce isn’t just a financial matter—it’s a legal one. If you or your spouse participated in this plan through Boomtown network, Inc., then you’ll likely need a Qualified Domestic Relations Order (QDRO) to divide the account without running into tax penalties or compliance issues. As specialists in QDROs, we’ve worked with countless plans like this one—and we can walk you through exactly what you need to do.
This article breaks down how to properly divide the Boomtown 401(k) Plan in divorce, key plan-related issues you’ll want to consider, and why it’s crucial to get it right the first time.
What Is a QDRO and Why It Matters for the Boomtown 401(k) Plan
A QDRO is a court order required to divide qualified retirement plans like the Boomtown 401(k) Plan. Without a QDRO, the non-employee spouse (called the “Alternate Payee”) can’t receive their share directly from the plan. Worse, transferring funds without a QDRO could result in taxes and penalties for the participant.
When prepared properly, a QDRO ensures:
- The plan administrator has legal authorization to divide the account
- The transfer is treated as tax-free for both parties
- The division follows the terms of the divorce judgment
Every plan has its own rules you must follow. For the Boomtown 401(k) Plan, these rules include how to handle vested and unvested amounts, Roth and traditional contributions, and any existing loan balances.
Plan-Specific Details for the Boomtown 401(k) Plan
Here’s what we know about this specific 401(k):
- Plan Name: Boomtown 401(k) Plan
- Sponsor: Boomtown network, Inc..
- Address: 20250515144755NAL0013498643001, 2024-01-01
- EIN: Unknown (must be obtained for the QDRO)
- Plan Number: Unknown (must be obtained for the QDRO)
- Industry: General Business
- Organization Type: Corporation
- Participants: Unknown
- Plan Year: Unknown to Unknown
- Status: Active
- Assets: Unknown
Because key data like the EIN and plan number are currently unavailable, your attorney or QDRO specialist will need to request this information before preparing the order. At PeacockQDROs, we handle that step as part of our full-service approach, making sure no critical details fall through the cracks.
Common 401(k) Division Issues: What to Address in the QDRO
Vested vs. Unvested Employer Contributions
Many 401(k) plans, including those in the general business sector, offer employer contributions with a vesting schedule. That means if the Employee Spouse hasn’t been with Boomtown network, Inc.. for a certain number of years, they may not be fully entitled to all the employer-funded portions.
Your QDRO should clearly define whether the Alternate Payee is entitled to only the vested portion—or if a different approach makes more sense. We usually recommend awarding a percentage of the marital portion of the vested balance on the date of division and specifying how to treat any post-divorce vesting.
Employee Contributions
These are generally 100% vested from day one, so the Alternate Payee is entitled to a share of the marital portion of the employee’s contributions made during the marriage. The QDRO should specify this clearly using either a dollar amount or a percentage of the account.
Loan Balances
If the Employee Spouse has taken out a loan against their Boomtown 401(k) Plan, this complicates the division. You’ll need to decide who bears responsibility for repaying the loan. Some QDROs exclude the loan entirely from division, while others assign a portion of the loan debt to each party.
We always recommend clearly documenting the loan amount and balance as of the division date to avoid confusion or conflict later.
Roth vs. Traditional 401(k) Funds
The Boomtown 401(k) Plan may include both traditional pre-tax money and post-tax Roth contributions. These need to be split carefully, and the QDRO must explicitly state how each portion is to be treated. Plans won’t automatically divide contributions by source without direction.
We make sure your order allocates Roth and traditional subaccounts correctly, and our follow-up process ensures they’re divided and labeled properly during processing.
QDRO Process for the Boomtown 401(k) Plan
1. Identify Plan and Gather Participant Information
You’ll need the plan name, sponsor name, plan number, EIN, and details about the participant’s employment. Because the Boomtown 401(k) Plan details like EIN and plan number are not public, these may need to be requested from Boomtown network, Inc.. or their plan administrator.
2. Draft the QDRO
The QDRO must meet specific legal and plan administrative standards. Errors here can cause delays or rejections. That’s why at PeacockQDROs, we don’t just draft a boilerplate—we tailor each order to the terms of the plan and the needs of the divorcing couple.
3. Submit for Preapproval (If Offered)
Some 401(k) plans allow a draft QDRO to be reviewed by the plan before court submission to catch errors early. If the administrator for the Boomtown 401(k) Plan offers this service, we handle the full back-and-forth to get that preapproval.
4. File With the Court
Once the QDRO is preapproved (if applicable), it’s ready to be signed by the judge and filed with the court. From there, we send the certified copy to the plan administrator for implementation.
5. Admin Follow-Up
This is where many services leave you on your own—but not us. We follow up with Boomtown network, Inc.. or their plan administrator to ensure they process the order correctly and issue benefits to the Alternate Payee. That’s what sets PeacockQDROs apart.
Avoid These Common Mistakes in QDROs
Over the years, we’ve seen countless rejected QDROs come our way for repairs. Here are a few common mistakes:
- Failing to specify loan treatment
- Leaving out plan-specific terms or using generic templates
- Not distinguishing between Roth and traditional contributions
- Assuming employer contributions are fully vested
- Incorrectly using outdated valuation dates
To see more common errors and how to avoid them, check out our page on common QDRO mistakes.
Why Work With PeacockQDROs
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 available), court filing, submission to the plan, 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.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. Whether you need a quick QDRO or a more detailed analysis of complex plan issues, we’re here to help. You can learn more about what we offer at our QDRO services page.
How Long Will This Take?
That depends on the plan’s response time, the court’s schedule, and how quickly both parties take action. For more on timing, review 5 key factors that affect QDRO timing.
Final Thoughts
The Boomtown 401(k) Plan can be fairly divided in divorce with a properly prepared QDRO—but skipping steps or using generic documents can lead to financial losses or rejections. Make sure you’re working with a team that does things right from beginning to end.
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 Boomtown 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.