Introduction
Dividing a retirement account during a divorce can be tricky, especially when you’re dealing with a plan like the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust. This is a 401(k) retirement plan sponsored by a General Business corporation, and dividing it the right way requires a legal tool known as a Qualified Domestic Relations Order (QDRO).
At PeacockQDROs, we’ve completed thousands of QDROs from start to finish—not just the drafting, but also preapproval (if required), court filing, final submission, and follow-up with the plan administrator to ensure completion. That’s what sets us apart from firms that leave you hanging after the paperwork is done. In this article, we’ll explain what you need to know about QDROs specific to dividing the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust so you can protect your share in a divorce.
Plan-Specific Details for the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust
Every QDRO must be tailored to the specific retirement plan and sponsor. Here’s what we know about this one:
- Plan Name: Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust
- Sponsor: Roam wouda Inc. 401(k) profit sharing plan & trust
- Industry: General Business
- Organization Type: Corporation
- Address: 20250409094842NAL0019718385001, 2024-01-01
- Plan Number: Unknown (must be acquired for QDRO)
- EIN (Employer Identification Number): Unknown (also required in QDRO drafting)
- Status: Active
This is a typical 401(k) and profit-sharing hybrid plan. That means it may contain both elective salary deferrals by the employee and discretionary employer contributions, possibly subject to vesting schedules. These are critical details in a divorce settlement.
Why You Need a QDRO
If you’re dividing a 401(k) plan like the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust as part of a divorce, a QDRO is essential. It’s a court order that tells the plan administrator how to pay a portion of the benefits to the non-employee spouse (called the “alternate payee”). Without it, the plan can’t legally make direct payments to anyone other than the account holder.
Key Issues to Consider When Dividing This Plan
1. Employee vs Employer Contributions
This plan likely includes both employee salary deferrals and employer contributions. Employers may match a portion of what the employee contributes or add discretionary profit-sharing amounts. When dividing this plan, it’s important to:
- Specify if only marital contributions (those made during the marriage) are divided
- Clarify if the alternate payee gets a portion of vested employer contributions as of the date of division
2. Vesting Schedules for Employer Contributions
Only the vested portion of employer contributions can be divided in a QDRO. If the employee isn’t 100% vested, the unvested portion may be forfeited after divorce. The QDRO should specify whether:
- The alternate payee shares in future vesting
- The amount is frozen as of a specific date (often the date of divorce or separation)
3. 401(k) Loans
Many participants borrow from their 401(k). These loan balances technically reduce the plan value. You’ll need to decide whether to:
- Divide the account balance net of loans (after subtracting the loan amount)
- Divide the gross balance and assign the responsibility for paying back the loan to the participant spouse
Some QDROs allow the alternate payee to request that the division be based on the gross balance, which can be important in longer-term marriages with large loans outstanding.
4. Roth vs. Traditional 401(k) Contributions
The Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust may include both pre-tax (traditional) and post-tax (Roth) accounts. The QDRO must clearly separate the two:
- Distributions from traditional accounts are taxable to the alternate payee
- Roth accounts are generally distributed tax-free (subject to holding rules)
It’s essential to divide each account type proportionally and list them separately in the QDRO. Failing to do so can lead to major tax surprises later.
What to Include in Your QDRO for This Plan
Because this plan’s EIN and plan number are currently listed as unknown, your QDRO will need to obtain and include those details before submission. A proper QDRO for the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust should clearly explain:
- Who the participant and alternate payee are
- Whether benefits are divided as of a specific date (separation or divorce date)
- If account loans are included or excluded in the division
- How traditional and Roth accounts will be treated and divided
- If the alternate payee shares in investment gains or losses after the division date
How Long Does the QDRO Process Take?
Get a realistic understanding of QDRO timelines in our guide on how long it takes to complete a QDRO. The exact length depends on plan responsiveness, whether preapproval is required, how quickly the court processes the order, and other factors.
At PeacockQDROs, we handle it all: drafting, court filing, and submission to the plan. We also follow up until it’s finalized to make sure your rights are protected.
Avoiding Common Mistakes
We’ve seen thousands of QDROs, and we know where people go wrong. Check out our article on common QDRO mistakes to avoid delays, rejections, or losing your share of the account.
Why Choose PeacockQDROs
Most firms stop at drafting. We don’t. At PeacockQDROs, we take you from start to finish. That includes confirming the plan’s QDRO procedures, requesting necessary information such as the EIN and plan number, submitting to court, and ensuring the administrator implements the order correctly. We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way.
Learn more about our QDRO services at https://www.peacockesq.com/qdros/
If You’re Dividing the Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust, Get Help
The Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust is a typical 401(k) with profit-sharing features. That means you’ll need to clarify vesting, address employer contributions, and distinguish Roth vs. traditional sources. If you’re trying to handle this post-divorce or include it as part of a negotiated agreement, having the right guidance is key. We’ve helped thousands do exactly that—successfully, from start to finish.
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 Roam Wouda Inc. 401(k) Profit Sharing Plan & Trust, 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.