Introduction
When going through a divorce, most people think about homes, cars, and custody. But if one or both spouses have retirement accounts, dividing those assets becomes just as important—especially when it comes to a plan like the Conrad’s Crabs 401(k) and Profit Sharing Plan sponsored by Tdfg, Inc.. To divide this 401(k) correctly, you’ll need a Qualified Domestic Relations Order, or QDRO. This legal document is essential for transferring retirement benefits without causing tax penalties or delays.
In this article, we walk you through how to divide the Conrad’s Crabs 401(k) and Profit Sharing Plan in divorce, explain the QDRO process, and highlight unique issues related to 401(k) plans like loans, vesting schedules, and Roth balances. Whether you’re the plan participant or the alternate payee, understanding your rights can save time, money, and stress.
Plan-Specific Details for the Conrad’s Crabs 401(k) and Profit Sharing Plan
This plan might not be as widely known as some national corporations’ retirement programs, but it’s still legally structured and must follow federal ERISA rules just like any other. Here’s what we know:
- Plan Name: Conrad’s Crabs 401(k) and Profit Sharing Plan
- Sponsor: Tdfg, Inc..
- Address: 20250620171250NAL0010143666001, 2024-01-01
- EIN: Unknown – You’ll need to request this from the plan administrator as part of your QDRO filing.
- Plan Number: Unknown – Also must be confirmed with the administrator.
- Industry: General Business
- Organization Type: Corporation
- Participants: Unknown
- Plan Year: Unknown to Unknown
- Effective Date: Unknown
- Status: Active
- Assets: Unknown
Since this plan is active and managed by a corporation in the general business sector, it likely follows common 401(k) practices, but each plan can differ. That’s why getting the Summary Plan Description (SPD) is key before a QDRO is drafted.
What Is a QDRO and Why You Need One
A QDRO—or Qualified Domestic Relations Order—is a court order that instructs a retirement plan administrator to assign benefits to a non-employee spouse (referred to as the “alternate payee”). Without it, your divorce agreement, no matter how detailed, won’t be enough to divide the Conrad’s Crabs 401(k) and Profit Sharing Plan legally or without tax impact.
At PeacockQDROs, we’ve completed thousands of these—from start to finish. That means we don’t hand you the legal document and leave the rest to you. We handle the drafting, preapproval (if the plan allows it), court filing, submission, and tracking with the plan afterward. That’s what sets us apart from firms that only prepare the paperwork.
Key QDRO Considerations for the Conrad’s Crabs 401(k) and Profit Sharing Plan
Since this is a 401(k) plan, several unique issues can come into play when drafting a QDRO that works. Let’s go over the most important ones.
Employee Contributions vs. Employer Profit-Sharing
Typically, the participant contributes pre-tax or Roth dollars to the plan via payroll deductions, and the employer—Tdfg, Inc..—may match some portion of those contributions through a profit-sharing feature. In divorce, both these sources can be split.
Some couples divide only what the employee (participant) contributed, while others divide the full balance. Make sure you clarify whether you’re dividing just employee-funded amounts, employer matching, or both—and specify in dollars or percentages.
Vesting and Forfeited Employer Contributions
Vesting schedules control when employer contributions fully “belong” to the employee. If your spouse has worked for Tdfg, Inc.. for only a short time, not all employer profit-sharing contributions may be vested. These unvested funds can be forfeited upon termination and are not divisible under a QDRO.
To protect yourself as an alternate payee, the QDRO should limit your share to the participant’s vested balance as of a specific valuation date. If the entirety of the balance is divided, you could end up short when unvested funds are lost down the road.
Existing 401(k) Loans
This plan may allow participants to borrow against their balance. If your spouse borrowed from their Conrad’s Crabs 401(k) and Profit Sharing Plan, that reduces the amount available to divide.
A QDRO can either include or exclude the loan balance. If included, the alternate payee takes a share of the account value including the unpaid loan (meaning less immediate money will be transferred). If excluded, the loan becomes the participant’s sole responsibility, and the alternate payee receives a share of what remains.
Handling Roth vs. Traditional 401(k) Sub-Accounts
Many modern 401(k)s now allow for Roth contributions. Roth and traditional dollars are treated differently by the IRS—Roth money was taxed upfront and grows tax-free, while traditional is taxable when withdrawn.
The QDRO should break out Roth and traditional accounts separately. If it fails to do so, the administrator might allocate from only one type of balance. This could create tax surprises for the alternate payee, especially if expecting Roth funds but receiving traditional dollars instead.
Drafting vs. Doing: How We Handle QDROs Differently
QDROs are more than just documents—they’re full legal processes. Many firms will draft a QDRO and send you on your way. That’s not how we work at PeacockQDROs.
Our team manages the process from beginning to end:
- We collect the correct plan information
- We draft the QDRO in alignment with plan rules
- We obtain pre-approval from the plan if it’s available
- We file the QDRO with the court
- We submit the signed order to the plan administrator
- We follow up to verify processing and protect your benefit
We maintain near-perfect reviews and pride ourselves on doing things the right way—not just the fast way. Want to see some common QDRO mistakes that others make? Start here.
Timing and How Long It Takes
One of the biggest questions we get is, “How long will this take?” There are a number of factors involved, including how responsive the plan administrator at Tdfg, Inc.. is.
We break down five key timing issues here in our helpful article: How Long Does It Take to Get a QDRO Done?
Final Thoughts
Splitting the Conrad’s Crabs 401(k) and Profit Sharing Plan after divorce is a technical process that must be legally correct, customized to this plan, and fair to both parties. You’ll need to account for things like vesting, loans, Roth sub-accounts, and employer matches—and the QDRO must reflect those in precise terms.
If your attorney isn’t experienced with QDROs or hasn’t handled a plan with employer profit-sharing features before, it can easily delay your divorce settlement—or worse, disrupt your financial future.
At PeacockQDROs, we specialize in getting it done correctly the first time. We’ve processed thousands of QDROs and are familiar with the unique requirements of plans like the Conrad’s Crabs 401(k) and Profit Sharing Plan from Tdfg, Inc..
State-Specific Contact Information
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 Conrad’s Crabs 401(k) and Profit Sharing 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.