Dividing the Century Holdings, Inc.. 401(k) Plan in Divorce
Dividing a retirement account like the Century Holdings, Inc.. 401(k) Plan in a divorce requires more than just a mention in your divorce judgment—it typically requires a Qualified Domestic Relations Order, or QDRO. This court order gives retirement plan administrators the legal authority to pay a former spouse their share of the account after divorce. But not all QDROs are created equal, and 401(k) plans, in particular, come with their own set of rules and issues you need to understand if you’re trying to get your fair share.
At PeacockQDROs, we’ve handled thousands of QDROs from start to finish. That means we don’t just draft the document—we also get it preapproved (if the plan allows), filed with the court, and submitted to the plan. We follow up through every step. That’s what makes us different from firms that only write the order and leave you hanging.
What Is a QDRO and Why Do You Need One?
A QDRO is a court order that lets a retirement plan administrator legally divide retirement benefits between a divorcing couple. Without one, even if your divorce judgment says you’re entitled to a piece of your spouse’s Century Holdings, Inc.. 401(k) Plan, the administrator won’t—and legally can’t—divide the account or make payments to you.
In a QDRO, you’re labeled the “alternate payee,” and your ex is the “participant.” The QDRO spells out the amount you’re supposed to get, when it should be paid, and how it should be calculated—all based on what your divorce agreement or court judgment states.
Plan-Specific Details for the Century Holdings, Inc.. 401(k) Plan
- Plan Name: Century Holdings, Inc.. 401(k) Plan
- Sponsor: Century holdings, Inc.. 401(k) plan
- Address: 20250523101925NAL0002675395001, 2024-01-01
- EIN: Unknown
- Plan Number: Unknown
- Industry: General Business
- Organization Type: Corporation
- Participants: Unknown
- Plan Year: Unknown to Unknown
- Effective Date: Unknown
- Status: Active
- Assets: Unknown
Although some key information such as EIN and plan number is currently unknown, these must be obtained to properly prepare and submit a QDRO. These details allow the plan administrator to correctly identify the plan and process the order.
Key Issues When Dividing a 401(k) Plan Like This One
1. Employee vs. Employer Contributions
The Century Holdings, Inc.. 401(k) Plan likely includes both employee and employer contributions. As the alternate payee, you may only be entitled to the portion earned during the marriage. Most QDROs divide only marital contributions, which usually means contributions made from date of marriage to date of separation or judgment.
An important detail is that employer contributions may be subject to vesting. So even if contributions were made during the marriage, your ex-spouse might not have been fully vested in them when you divorced.
2. Vesting Schedule and Forfeited Amounts
In 401(k) plans sponsored by corporations, it’s common to see vesting schedules on employer matching contributions. If your ex isn’t fully vested, part of the employer match might eventually be forfeited. Your QDRO should make clear how to handle such situations—should your share include only vested funds, or is it based on account balance at a certain date regardless of vesting?
We’ve seen plans where a QDRO awarded 50% of the full balance, but the non-vested portion later disappeared—leading to major confusion and conflict. Avoid this by ensuring your QDRO is written precisely.
3. Outstanding Loan Balances
If your ex-spouse took a loan from the Century Holdings, Inc.. 401(k) Plan, your QDRO needs to take that into account. Do you divide the account before subtracting the loan? After? There’s no one-size-fits-all answer, and some QDRO drafters miss this completely. We’ve corrected numerous orders that ignored loans, only for the alternate payee to receive less than expected.
4. Roth vs. Traditional 401(k) Subaccounts
The Century Holdings, Inc.. 401(k) Plan may offer Roth deferrals as well as traditional pre-tax contributions. A quality QDRO needs to state exactly what type of funds are being split—and whether the split ratio applies proportionally across all subaccounts. You don’t want to end up receiving all pre-tax funds if you were expecting (or owed) Roth money.
This is especially important because Roth 401(k) funds have different tax rules when withdrawn. If you receive Roth funds, you may be able to avoid taxes, while traditional 401(k) distributions are taxable when paid out.
How We Handle QDROs at PeacockQDROs
At PeacockQDROs, we handle your QDRO from start to finish. We begin with a consultation to learn your case specifics. Then we:
- Draft the order based on your divorce judgment and the plan’s rules
- Work to get preapproval from the Century Holdings, Inc.. 401(k) Plan administrator if applicable
- Guide you or your legal team on getting the order signed by the court
- Submit the signed order to the plan administrator
- Follow up until the order is approved and benefits are transferred
We maintain near-perfect reviews and pride ourselves on doing things the right way. For more about our process, check out our QDRO resources.
How to Avoid Costly Mistakes
QDRos are technical. Even small mistakes—like naming the wrong plan, missing a vesting detail, or ignoring loan balances—can cost you thousands. Visit our guide to common QDRO mistakes to learn what to watch out for.
Also, people often ask, “How long will this take?” The answer depends on several factors. We outline the timing in our article on 5 factors that determine QDRO timelines.
What If You Don’t Know the Plan Details?
You don’t need to have all the plan details yourself. We often work with clients where the plan name, number, or administrator contact is unclear. Because the Century Holdings, Inc.. 401(k) Plan sponsor—Century holdings, Inc.. 401(k) plan—is a corporation in the general business industry, we can often track down the details we need through regulatory filings or direct outreach.
No matter where you’re starting from, we’ll help you get it done right the first time.
Getting Help Dividing the Century Holdings, Inc.. 401(k) 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 Century Holdings, Inc.. 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.