Introduction
Divorce brings with it the often-overlooked task of dividing retirement benefits. For employees covered under the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees, the division of plan assets must be handled using a Qualified Domestic Relations Order (QDRO). A QDRO is a court order that allows a retirement plan to legally pay benefits to an alternate payee—usually a former spouse—after divorce without triggering taxes or penalties for early withdrawal.
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.
Plan-Specific Details for the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees
Here’s what we know about this specific plan:
- Plan Name: Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees
- Sponsor: Atlas roofing corporation 401(k) profit sharing plan for bargaining unit employees
- Plan Type: 401(k) Profit Sharing Plan
- Plan Status: Active
- Plan Address: 802 Highway 19 North, Suite 190
- Industry: General Business
- Organization Type: Business Entity
- Effective Date: Unknown
- Plan Year: Unknown to Unknown
- Participants: Unknown
- EIN and Plan Number: Required for processing, must be obtained to draft the QDRO correctly
Before submitting a QDRO to this plan, it’s essential to locate the plan number and EIN, both of which are usually available on a participant’s Summary Plan Description (SPD) or DOL Form 5500 filing.
Understanding QDROs and 401(k) Plans
Why You Need a QDRO
Without a QDRO, retirement account assets cannot legally be separated into another person’s name—no matter what your divorce agreement says. A well-drafted QDRO ensures that the division aligns with federal law and the plan’s specific rules.
Unique Features of 401(k) Plans That Affect Division
The Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees falls under ERISA rules, which means it’s eligible to be divided by QDRO. However, some nuances make dividing a 401(k) more complicated than it might seem:
- Employee vs. Employer Contributions: Only vested employer contributions can be divided. If contributions are not fully vested, the alternate payee may receive less than expected. Vesting schedules are critical here.
- Loan Balances: If the participant has an active loan from their 401(k), that could affect the alternate payee’s share. Loans are typically not considered cash assets available for division.
- Roth vs. Traditional Dollars: Many 401(k)s now have both pre-tax (Traditional) and after-tax (Roth) contributions. These must be identified separately in the QDRO to ensure correct tax treatment upon distribution.
Dividing the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees
Exact Language Matters
One wrong clause and this plan might reject your QDRO. The Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees likely requires certain wording, formatting, and procedural steps. At PeacockQDROs, we’ve seen too many rejected orders from DIY attempts or template services that missed these details.
How to Address Vesting Schedules
Employer contributions may be subject to a vesting schedule that affects what the non-employee spouse is entitled to. For this plan, you’ll need to confirm whether employer contributions are:
- Fully vested at divorce
- Partially vested
- Unvested and subject to forfeiture
Most agreements are written so the alternate payee receives a proportion of whatever is vested as of the date of divorce. However, if your QDRO asks for a flat dollar amount or percentage of the total balance including unvested funds, you risk over-awarding the alternate payee.
Dealing with Plan Loans
401(k) loans present another potential minefield. If the employee has borrowed against their 401(k), the outstanding balance is often deducted from the current account value when calculating the awardable portion. However, whether the loan amount is included or excluded must be clearly stated in the QDRO. We’ve written more on this in our guide to common QDRO mistakes.
Pre-Tax and Roth Contributions
Many plans now allow both pre-tax and Roth 401(k) contributions. These have very different tax treatments upon payout, so it’s crucial to know which type is being divided. Your QDRO should handle these as separate account types to avoid tax issues later.
The QDRO Process Step by Step
Step 1: Get the Right Plan Information
For the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees, gathering plan-specific documents is your first move. This includes:
- Summary Plan Description (SPD)
- The Plan’s QDRO Procedures (if available)
- Participant’s most recent statement
- Plan contact information
Step 2: Draft the QDRO
This must include accurate identification of the employee and alternate payee, the precise amount (or percentage) to be transferred, how investment gains or losses will be handled, and what dates are being used. At PeacockQDROs, we handle this part while ensuring the order complies with both ERISA and the plan-specific rules.
Step 3: Preapproval (if applicable)
Some plans will review the QDRO draft before it’s submitted to court. This can save months of time caused by rejected orders. We always check whether preapproval is available for the plan in question, including for plans such as this one.
Step 4: Court Approval
Once the draft is finalized and optionally pre-approved by the plan, it needs to be submitted to the divorce court for official entry. We handle this process to ensure that everything goes smoothly and according to plan.
Step 5: Serve the Plan Administrator
With the court-signed QDRO, the final step is submitting it to the plan administrator for review and implementation. This is another area where many QDROs get stuck. We stay involved and follow up directly with the plan administrator for the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees, avoiding unnecessary delays.
For an idea of timeframe, see our article on how long it takes to get a QDRO done.
Why Choose PeacockQDROs?
QDROs are our focus. At PeacockQDROs, we maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. We don’t just create documents—we manage the entire process so you’re not left wondering what comes next. If you’re dividing a plan like the Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees, don’t take chances.
Next Steps
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 Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees, 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.