Understanding QDROs for the King Investments of Orlando, LLC 401(k) Plan
Dividing retirement assets during divorce can be challenging. When one or both spouses participate in a 401(k) plan—like the King Investments of Orlando, LLC 401(k) Plan—the details matter. A Qualified Domestic Relations Order, or QDRO, is a legal order that allows retirement plans to transfer benefits to a former spouse or dependent without early withdrawal penalties or taxes. But to get your rightful share, the QDRO needs to be done correctly—the first time.
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 required), 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.
This article will help you understand how to properly divide a specific plan—the King Investments of Orlando, LLC 401(k) Plan—during divorce using a QDRO. We’ll cover key points like account types, loan balances, vesting rules, and the division of contributions. Let’s get started.
Plan-Specific Details for the King Investments of Orlando, LLC 401(k) Plan
Before you draft a QDRO, it’s helpful to understand the details of the retirement plan being divided. Here is what we know about the King Investments of Orlando, LLC 401(k) Plan:
- Plan Name: King Investments of Orlando, LLC 401(k) Plan
- Sponsor Name: King investments of orlando, LLC 401(k) plan
- Plan Type: 401(k)
- Industry: General Business
- Organization Type: Business Entity
- Plan Number: Unknown (Required—must be located or estimated)
- Employer Identification Number (EIN): Unknown (Required—usually listed on Form 5500 or Summary Plan Description)
- Status: Active
- Effective Date: Unknown
- Plan Year: Unknown
- Participants: Unknown
- Assets: Unknown
This is an active plan sponsored by a business entity in the General Business sector. Because this is an employer-sponsored 401(k), your QDRO strategy must account for various 401(k)-specific elements—especially things like employer contributions, vesting rules, and loan balances.
Key Considerations for Dividing the King Investments of Orlando, LLC 401(k) Plan
Employee & Employer Contributions
401(k) plans typically consist of both employee salary deferrals and employer matching or non-elective contributions. In a QDRO, you can usually divide all vested balances accumulated during the marriage, regardless of whether they came from employee or employer deposits.
However, unvested employer contributions may not be distributed to the non-employee spouse (called the “alternate payee”). The QDRO must distinguish between vested and non-vested balances or include language that entitles the alternate payee only to vested amounts as of the division date or transfer date.
Vesting Schedules
Many 401(k) plans impose vesting schedules on employer contributions. If the employee is not fully vested at the time of divorce, a portion of employer contributions may be forfeited. Your QDRO may need to specify:
- Whether division is based on the current vested balance or includes future vesting (if agreed upon)
- The valuation date for determining the account balance
- A process in the event that funds are forfeited
When drafting for the King Investments of Orlando, LLC 401(k) Plan, we need to clarify these specifics directly with the plan administrator or through review of the Summary Plan Description.
Loan Balances and Repayments
Many 401(k) plans allow participants to take out loans. If the participant has a loan balance, the QDRO must address how it will be treated:
- Is the loan balance included in the marital balance being divided?
- Is the alternate payee receiving a share of the loan-encumbered balance or the net balance?
- Who is responsible for repayment?
If the employee has an outstanding loan, failing to properly address it can lead to an unfair or disputed division. We always recommend including clear loan-related terms in your QDRO for the King Investments of Orlando, LLC 401(k) Plan.
Roth vs. Traditional 401(k) Balances
This plan may include both traditional (pre-tax) contributions and Roth (after-tax) contributions. The QDRO should specify if the division applies proportionally across all account types or only over certain sub-accounts. Roth funds must remain in a Roth-qualified vehicle and cannot be transferred to a traditional IRA or 401(k).
Proper handling of Roth accounts ensures that the alternate payee does not face unintended tax consequences or distribution restrictions. Always confirm account types with the plan before drafting the QDRO.
Proper Timing and Documentation
For the King Investments of Orlando, LLC 401(k) Plan, your QDRO must include the correct plan number and sponsor EIN. These are mandatory fields that the plan administrator will not process without. You can usually obtain these from the plan participant, Form 5500, or the employer’s benefits department.
The valuation date—when you determine the account’s worth—is another critical component. You can use:
- Date of separation
- Date of divorce filing
- Final judgment date
- Date of QDRO approval
Valuation date selection should be consistent with your divorce judgment and clearly reflected in the QDRO.
Why Choose PeacockQDROs?
At PeacockQDROs, we don’t just draft the paperwork and send you on your way. We handle every part of the process, from drafting to final approval, and we keep you informed the entire way. Our team has processed thousands of QDROs for all types of retirement plans—especially 401(k) plans like the King Investments of Orlando, LLC 401(k) Plan.
- We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way.
- We ensure your order complies with your judgment, the plan’s terms, and IRS regulations.
- We avoid common drafting mistakes that can delay or ruin your distribution—read more about those here.
- We’ll explain the timing—check out the five biggest factors that affect how long your QDRO will take.
Next Steps
If your divorce involves the King Investments of Orlando, LLC 401(k) Plan, begin by gathering:
- A copy of the divorce judgment or settlement agreement
- The plan administrator’s contact information
- Plan documents or the Summary Plan Description
- Loan statements and account breakdown (Roth vs. traditional)
Once you have this, contact a qualified QDRO attorney to ensure your order covers all the necessary details—and protects your rights long-term. That’s exactly what we do at PeacockQDROs.
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 King Investments of Orlando, 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.