Introduction: Why a QDRO Matters for the Lacey’s Place, LLC 401(k) Plan
If you or your spouse participates in the Lacey’s Place, LLC 401(k) Plan and you’re going through a divorce, dividing that retirement asset isn’t as simple as writing it into your divorce decree. To legally split a 401(k) account without triggering taxes or penalties, you’ll need a Qualified Domestic Relations Order—commonly known as a QDRO.
At PeacockQDROs, we specialize in taking the guesswork out of QDROs. Unlike firms that just prepare a draft, we handle the entire process—drafting, preapproval (if required), court filing, plan submission, and ongoing follow-up. We’ve completed thousands of QDROs, and our track record speaks for itself. If you’re facing a divorce and unsure how to deal with the Lacey’s Place, LLC 401(k) Plan, read on. This guide is for you.
Plan-Specific Details for the Lacey’s Place, LLC 401(k) Plan
Here’s what we know about the Lacey’s Place, LLC 401(k) Plan and its sponsoring entity:
- Plan Name: Lacey’s Place, LLC 401(k) Plan
- Sponsor: Lacey’s place, LLC 401(k) plan
- Address: 20250425221317NAL0009570641074, 2024-01-01
- Employer Identification Number (EIN): Unknown (you’ll need to secure this as part of the QDRO documentation)
- Plan Number: Unknown (required as part of the final order)
- Industry: General Business
- Organization Type: Business Entity
- Participants: Unknown
- Plan Year: Unknown
- Effective Date: Unknown
- Status: Active
- Assets: Unknown
This is a 401(k) type retirement plan. These plans allow employees to contribute pre-tax earnings to retirement savings, often with employer matches, and are governed by strict IRS and Department of Labor rules. In a divorce, these plans must be divided properly with a court-approved QDRO to avoid unintended financial consequences.
Understanding 401(k) QDRO Basics
What is a Qualified Domestic Relations Order?
A QDRO is a legal order that lets a retirement plan divide benefits between the participant (often the employee spouse) and an alternate payee (typically the non-employee spouse or ex-spouse). Without a QDRO, any distribution to the non-employee spouse may trigger taxes and penalties.
Why the Lacey’s Place, LLC 401(k) Plan Requires a QDRO
Because this plan is a defined contribution 401(k), dividing the account without a proper QDRO won’t be recognized by the plan administrator. It doesn’t matter what your divorce judgment says—you’ll need the proper QDRO documents in place to make it official.
What You Need to Know Before Preparing a QDRO for the Lacey’s Place, LLC 401(k) Plan
Employee vs. Employer Contributions
In most 401(k) plans, the account balance consists of both employee deferrals and employer matching contributions. In divorce, these may or may not be fully available to divide:
- Employee Contributions: These are always 100% vested and available for division.
- Employer Contributions: These may be subject to a vesting schedule. Only the vested portion is typically divisible under a QDRO.
For the Lacey’s Place, LLC 401(k) Plan, you’ll need to request a plan statement that shows the vested vs. non-vested balance on the date of division (usually the date of separation, judgment, or another date agreed upon in the divorce).
Vesting Schedules and Forfeitures
If the participant leaves employment before becoming 100% vested in employer contributions, those unvested amounts may be forfeited. This can significantly reduce the pool of retirement assets available for division, so timing matters. Don’t assume the full account balance is subject to division—verify the vesting status first.
Loan Balances
Many plans, including the Lacey’s Place, LLC 401(k) Plan, allow participants to borrow against their retirement balance. In divorce, you need to understand whether to divide the account before or after accounting for any loan:
- If you divide before deducting the loan, the alternate payee takes a share of the gross amount.
- If you divide after subtracting the loan, the alternate payee receives only a share of the net amount.
There’s no one-size-fits-all answer. The right decision depends on the context of your divorce settlement and the intended result. Get a current account statement showing the loan and talk to an expert to clarify the best approach.
Roth vs. Traditional 401(k) Funds
This plan may have both pre-tax (traditional) and after-tax (Roth) subaccounts. The QDRO should specify whether the alternate payee is receiving a portion from one, the other, or both. Mixing these without clarity could result in tax confusion down the line.
Be specific in your drafting, and confirm the account types when requesting pre-approval from the plan administrator.
QDRO Drafting for the Lacey’s Place, LLC 401(k) Plan
Information You’ll Need
To draft a valid QDRO, you’ll need the following information about the Lacey’s Place, LLC 401(k) Plan:
- Exact plan name: Lacey’s Place, LLC 401(k) Plan
- Plan sponsor: Lacey’s place, LLC 401(k) plan
- Plan number (required for identification)
- Employer Identification Number (EIN), which you may need to request
- Participant and alternate payee’s personal information
- Date of division (agreed or court-ordered)
- Breakdown of account types (Roth vs. traditional)
At PeacockQDROs, we guide you through gathering all required data, even if you don’t have everything upfront. Many clients start with minimal information, and we take care of the rest.
Submission and Follow-Up
Once your QDRO is signed by the court, it must be submitted to the plan administrator of the Lacey’s Place, LLC 401(k) Plan. They will review and approve (or reject) the order based on their specific guidelines.
We don’t leave clients hanging. Our full-service approach includes coordinating with the plan, resolving issues, and confirming the QDRO is implemented accurately. That’s how we’ve maintained near-perfect reviews as trusted QDRO professionals.
Common Mistakes to Avoid
401(k) QDROs are riddled with traps for the unwary. From ignoring loan balances to using outdated plan names, these mistakes can delay distribution or even nullify your QDRO. Learn more about issues we frequently correct at Common QDRO Mistakes.
How Long Will It Take?
The processing time for a QDRO can vary depending on the court, plan administrator, and how organized your documentation is. For factors that affect timing, see this detailed breakdown.
Why Choose PeacockQDROs?
QDROs are what we do, day in and day out. We’ve completed thousands—from simple splits to extremely complex multi-plan orders. At PeacockQDROs, you get more than a document. You get end-to-end service—from drafting to court orders to final plan processing.
We’ll make sure your share of the Lacey’s Place, LLC 401(k) Plan is defined, protected, and transferred the right way.
Final Thoughts
Dividing the Lacey’s Place, LLC 401(k) Plan doesn’t have to be an overwhelming part of your divorce—when you have the right partner. Whether you’re the employee or the alternate payee, protecting your rights depends on getting the QDRO right from the start.
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 Lacey’s Place, LLC 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.