Introduction
When a marriage ends, dividing retirement assets like the Simpson Memorial Home, Inc.. 401(k) Savings Plan can be complicated—especially if it’s your first experience with a Qualified Domestic Relations Order (QDRO). This article explains what a QDRO is, how it applies specifically to the Simpson Memorial Home, Inc.. 401(k) Savings Plan, and what divorcing couples need to know to protect their interests during the process. Whether you’re the employee participant or the spouse seeking a share, understanding the QDRO process is critical.
What Is a QDRO?
A Qualified Domestic Relations Order, or QDRO, is a court order that allows a retirement plan like the Simpson Memorial Home, Inc.. 401(k) Savings Plan to pay benefits to someone other than the plan participant—typically a former spouse—without triggering taxes or penalties. QDROs are required to divide 401(k) plans under federal law, specifically under ERISA (Employee Retirement Income Security Act) and the Internal Revenue Code.
Plan-Specific Details for the Simpson Memorial Home, Inc.. 401(k) Savings Plan
Below are the known details for this specific retirement account:
- Plan Name: Simpson Memorial Home, Inc.. 401(k) Savings Plan
- Sponsor: Simpson memorial home, Inc.. 401(k) savings plan
- Industry: General Business
- Organization Type: Corporation
- Status: Active
- Address: 20250718103918NAL0001543185001, 2024-01-01
- EIN: Unknown (required for QDRO processing—ask plan administrator)
- Plan Number: Unknown (also required)
- Participants: Unknown
- Plan Year: Unknown to Unknown
- Effective Date: Unknown
- Assets: Unknown
Despite missing data, the Simpson Memorial Home, Inc.. 401(k) Savings Plan remains active and legally divisible via QDRO. You’ll need to obtain the plan’s EIN and plan number either through divorce discovery or by directly requesting it from the plan administrator to complete your QDRO.
Key 401(k) Issues in Divorce
Dividing a 401(k) is not just about splitting a dollar amount. You need to carefully consider several crucial aspects of the plan before drafting your QDRO. Here’s what to keep in mind:
Employee vs. Employer Contributions
The Simpson Memorial Home, Inc.. 401(k) Savings Plan likely includes both employee salary deferrals and employer matching or profit-sharing contributions. While employee contributions are always 100% vested, employer contributions may be subject to a vesting schedule. In divorce, only the vested portion of the account can be divided. Unvested balances are usually lost unless the participant satisfies the terms post-divorce.
Vesting Schedules and Forfeited Amounts
For employer contributions, you’ll need to check plan documents to determine the applicable vesting percentages. If your QDRO awards a percentage of the total balance, be aware that the alternate payee (usually the former spouse) may not receive any unvested amount if the employee leaves the company prior to full vesting.
Outstanding Loan Balances
If the participant has taken a loan from the Simpson Memorial Home, Inc.. 401(k) Savings Plan, you have choices in your QDRO. You can divide the account balance net of loan or gross. Net of loan means the debt is subtracted first before determining each party’s share. Gross division includes the loan in the total, and the participant retains responsibility for repayment. This decision has real financial consequences and should be made carefully.
Roth vs. Traditional 401(k) Contributions
Many modern 401(k) plans offer both Roth and traditional contribution types. Roth balances grow tax-free, while traditional balances grow tax-deferred. Your QDRO should specifically address how each type of account is divided. Avoid mixing them in a single transfer amount — the tax treatment must remain consistent to avoid unintended consequences.
Drafting a QDRO for the Simpson Memorial Home, Inc.. 401(k) Savings Plan
Each plan has its own QDRO requirements, and the Simpson Memorial Home, Inc.. 401(k) Savings Plan is no different. The QDRO must comply with both federal guidelines and whatever administrative rules this specific plan has in place.
Information You’ll Need
- Participant name and social security number
- Alternate payee name and social security number
- Plan name and sponsor: Simpson Memorial Home, Inc.. 401(k) Savings Plan, and Simpson memorial home, Inc.. 401(k) savings plan
- Plan Number and EIN (request from the plan if unknown)
- Date of division—commonly the date of divorce or another agreed-upon date
- Clear instructions on division: percentage, dollar amount, account types (Roth vs. traditional), and how to handle loans
Keep in mind, if you get it wrong, the QDRO might be rejected—which delays the case and could cost both parties more money and time.
Preapproval Process
Many plan administrators allow you to submit a draft QDRO for preapproval before you file it with the court. At PeacockQDROs, we strongly recommend—and include—this step because it avoids rejections after court signature. Plans can also require specific formatting or language, which varies greatly depending on the company that administers the plan.
Avoiding Common Mistakes
There are a few pitfalls that we see over and over when people attempt to draft QDROs themselves or hire inexperienced help. Here are some real-world problems you’ll want to avoid:
- Failing to specify how Roth accounts are divided
- Assuming 100% vesting of employer contributions when it’s subject to a schedule
- Ignoring loan balances, which affects how much the recipient actually receives
- Omitting basic plan information like the EIN or Plan Number
- Submitting a QDRO that doesn’t match the divorce judgment or state law
For more practical insights, visit our page on common QDRO mistakes.
Why Choose 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 applicable), court filing, submission, 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’re dealing with the Simpson Memorial Home, Inc.. 401(k) Savings Plan or another type of employer-sponsored retirement plan, you’ll be in good hands. Learn more about our services at PeacockQDROs.
Timeframes matter too—see our guide to how long QDROs take and what factors are within your control.
Final Thoughts
The Simpson Memorial Home, Inc.. 401(k) Savings Plan can be divided fairly, but only with a properly executed QDRO. From Roth accounts and vesting schedules to outstanding loan balances and administrative quirks, every piece of information matters. Proper planning and legal drafting help protect both parties while ensuring legal compliance.
Don’t leave your financial future—or your client’s—up to chance with a generic or flawed QDRO.
State-Specific QDRO Help
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 Simpson Memorial Home, Inc.. 401(k) 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.